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've written five books (see Amazon.com). My work has been followed by the New York Times, the Los Angeles Times, and 60 Minutes. I teach Alexander Technique in Beverly Hills (Alexander90210.com).
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