FinanceDude
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Aug 3, 2006
- Messages
- 12,483
I'm waiting patiently for some reasonable investigation. As I know it, Madoff himself claimed it was $50B...we know he's reliable, right? Two thirds is probably paper loss. A lot of the investment has been returned, so there's no honey pot to distribute. The story just would not sound so spectacular if it's a measly $20B. I have not heard reports that he lived an ultra-lavish lifestyle....OTOH maybe its all offshore someplace. No way he's a lone wolf.
I would be willing to bet he squirreled away some "rainy day" billions in a Swiss bank............