Under the legal principle of “fraudulent conveyance,” one cannot profit from a fraud.
Every investor was given monthly statements showing the supposed “growth” of the investment.....some rolled it over, some put more in, etc.
But those that took “profits” out——have to give the money back...........legally, one cannot profit from a fraud.
Yes, “fraudulent conveyance” is going to be or, at least, should be a large part of this mess. But that’s a part of the “recovery of funds” legal process.