Giordano Bruno Posted February 27, 2011 Report Share Posted February 27, 2011 Just in case anyone is interested and unaware. It's a documentary. Quote Link to post Share on other sites
exiges Posted February 27, 2011 Report Share Posted February 27, 2011 It's a documentary. Yep, because you couldn't make it up. Quote Link to post Share on other sites
Giordano Bruno Posted February 27, 2011 Author Report Share Posted February 27, 2011 Yep, because you couldn't make it up. Quote Link to post Share on other sites
Giordano Bruno Posted February 27, 2011 Author Report Share Posted February 27, 2011 Did we ever find out where the money went? Was it to Mossad and the State of Israel? O r the Russian oligarchs/mafia (6 of the 7 are Jewish). Just what do you do with $65 billion to make it disappear? It is not actually possible to spend it, is it. I'm no expert but I believe that when a ponzi scheme collapses it's because the people withdrawing are too many for the new 'feeders' joining to fund. So apart from the expenses and cream-offs that Madoff took himself and paid to staff, I think the rest would have gone into paying off withdrawers. So the punters who pulled out early got most of it. Just my take. Quote Link to post Share on other sites
juvenal Posted February 27, 2011 Report Share Posted February 27, 2011 I'm no expert but I believe that when a ponzi scheme collapses it's because the people withdrawing are too many for the new 'feeders' joining to fund. So apart from the expenses and cream-offs that Madoff took himself and paid to staff, I think the rest would have gone into paying off withdrawers. So the punters who pulled out early got most of it. Just my take. Wasn't Madoff paying 10% per annum interest to his big 'early' investors for many, many years before the bust? They thought he was a genius, giving a market beating return year after year. They thought he was a brilliant investor, while he wasn't investing funds at all. Just paying the first clients with later punters funds. Quote Link to post Share on other sites
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