What's in store for Bernard Madoff's victims? Even those who made money under Madoff—and there are some—will probably have to return some of their earnings to the losers, reports The New York Times. They are deemed to have benefited from the scam and received stolen money. Citing a similar fraud perpetrated by the Bayou Group in 2005, amounting to $400 million, profitable investors had to return their money, and clients received "only about 20 to 40 percent of their original investments." The length and size of Madoff's scam will make it particularly difficult to disentangle. One of the Times's sources who made money from Madoff refused to disclose his name for fear that his earnings would be taken away.
Read it at The New York Times
