Madoff sentencing for ponzi scheme tomorrow

[PEZGolf]

I read that investigators will go back in the fund's history and retrieve any profits paid out to investors that got out before the floor dropped out. The idea is that the losses will be spread out evenly amongst all participants. So, its not over.

You are correct, and the prosecutors are after the people who ran the "feeder funds" as well. Madoff did not do this on his own.

[Acropo]

You are correct, and the prosecutors are after the people who ran the "feeder funds" as well. Madoff did not do this on his own.

I agree. He ran the fraud on a 'specialised' floor to which hardly anyone had access. Among those who did were his sons and immediate family.

His accountant also has to be closely investigated. Sounds a lot like the Maxwell and (especially) Barlow Clowes fraud in England a while ago.