Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

unblock

(54,344 posts)

1. To be more accurate, they distributed the losses more evenly

Reply to Yo_Mama_Been_Loggin (Original post)

Fri Jan 3, 2025, 07:42 PM

Jan 3

A ton of money was recovered from victims who thought they had earned a profit and had withdrawn their money, but they were forced to disgorge the profits now that they were known to be fictitious.

I.e., people who thought they lucked out by getting out before the sh*t hit the fan were made to participate in the losses even if they had no idea it was a scam.

Edit history

Please sign in to view edit histories.

Recommendations

1 members have recommended this reply (displayed in chronological order):

UniqueUserName

2 replies

= new reply since forum marked as read

Highlight:

Almost All of Bernie Madoff's Ponzi Scheme Victims Have Recovered Their Losses, According to the DOJ [View all] Yo_Mama_Been_Loggin Jan 3 OP

To be more accurate, they distributed the losses more evenly unblock Jan 3 #1

K&R WestMichRad Jan 3 #2