Ever since Bernie Madoff’s Ponzi scheme collapsed in 2008, it’s been much-rumored that investors included tax dodgers shielding money from the IRS, drug dealers who laundered proceeds through the con man and wealthy moguls hiding assets from ex-spouses.
After all, the scheme wiped out $20 billion of investors’ money, but the victims’ claims for repayment total just $17.5 billion.
Who would walk away from $2.5 billion, and why? Part of the answer may be far less mysterious or dubious than thought.
via The Mystery Madoff Victims Who Left $2.5 Billion on the Table – Bloomberg Business
