Perplexed emails: "Luke, Where do you think the $50 billion went? Did he invest it in the market and lose it all? I understand the scam, but where did the money go? No one seems to be saying anything on this…"
A ponzi scheme? Whereby he paid off exorbitant returns for 40 years by constantly bringing in new investments? The $50 billion went to paying off those unearned returns…?