“What I want to know is how the swindled investors got almost every cent back.
It’s usually pennies on the dollar.”
Madoff’s accounts were in the tens of Billions. He only needed to steal a tiny percentage to live large. And most of his assets were sold after the trial.
Most of his clients had far more than they could spend. They only cared about seeing the money on paper and rarely pulled it out.
The only reason it was revealed was the panic of 2008. Many people outright pulled out from the stock market nomatter what he showed them on paper. He couldn’t cover it and made it look like his sons turned him in
Was the money making anything?
Also they mostly lost out on a YUGE market rise in the 2000s. That sucks.
But they weren’t involved in the crash since they weren’t invested in the market I assume.
Crazy.