Bernie Madoff's victims to receive final payout totaling $131 million

[IbogaProject]

10. They just grabbed all the leftovers

And with nearly 20 years of apprication they can call nominal sums in 2023 & 24 as covering same amount from 2007. So there is an illusion these people were not made whole. Any income tax on those phantom gains wasn't returned either. Again every one of these "investors" signed off on that their investments were "risk capital" and agreed that was fully able to be lost with out them being harmed.

There used to be a loophole where one could qualify by claiming investment sophistication "alone or with a professional advisor". That one loophole was closed after this. Private equity, hedge funds and single family offices all need to be abolished. Also no one should be allowed more leverage than another. This whole scam relies on being able to use more leverage than a retail investor can. At tge least more leverage should equal higher taxes.