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Madoff's Ponzi Scheme
Wow! $50 billion....The list of who has been taken is astounding, and growing... Going to be months before this is all uncovered. He took almost exclusively from the creme de la creme of the Jewish business community. Unbelievable that he got away from the regulators for so long. I can't for the life of me believe that he was able to do his his own accounting....and clearing... SIPC will be depleted quickly.
But he couldn't have done this all by himself, as he is claiming. While there are a number of foreign investors who were victimized, it's the US securities markets and the regulators who will never again see the same inflow of foreign funds. One talking head said no one man has done more damage to the Jewish community since Hitler....
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