As the saying goes, “you can’t cheat an honest man”. Many of the victims in this case were a victim of their own greed. It is very tragic and I wish them all the best, but from the media coverage you would think Madoff is worse than Hitler. Way over the top. A bunch of greedy people getting burned in a ponzi scheme and a market crash. It has been happening since the beginning of time.
They were all hurt badly by their own greed but I don't think they should be classed as "victims." They thought they were better than the people who kept their money in federally-insured savings accounts. They were smugly enjoying astonishing returns that turned out to be false. They would not have lost a dime if they have been more concerned with the return OF their money instead of the return ON their money.