Where Did Madoff’s $50 Billion Go?

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…?

About Luke Ford

I teach Alexander Technique in Beverly Hills (Alexander90210.com).
This entry was posted in Bernard Madoff and tagged , , , . Bookmark the permalink.