Madoff's Victims Have Recovered All Their Losses Plus

Discussion in 'Wall St. News' started by marketsurfer, May 30, 2011.

  1. Is it true that Madoff's victims have recovered all their losses plus interest? Judging from the huge returns from Picard's efforts ( $10 billion has been recovered) , it appears that more funds have been recovered than originally lost. What a weird turn of events.....
  2. Where's the math? Sixty billion lost... How many dollars recovered?

  3. I think he means original investment. $60bb was not lost when there was never $60bb to begin with.
  4. Correct, the original investment only-- it appears that the amount recovered supercedes the original invested amount----
  5. It looks like actual cash losses were about $20B. (early 60's)

    Fantasy return of 65b.

    Jeepers, Madoff didn't even beat the rate of inflation.
  6. i mean if he only went for 12 % returns why didn't he just get that instead of running a ponzi scheme? Or did he simply pocket all the money?
  7. The best managers on earth can not get 12% consistently over the years. Only on elite trader.
  8. Jewish money always gets recovered, sad that this is not the case for regular folk.
    #10     May 30, 2011