Madoff: Court May Return 1/60th Of Your Investment

Invested with Bernie Madoff? As if that wasn't painful enough the US Bankruptcy Court in Manhattan reports that investors may receive $1.00 for every $60.00 invested.

$6 million invested with Madoff will return $100,000, if you're lucky. Possibly the greatest investment swindle ever, certainly the largest occurring while SEC regulators watched.

Even armed with conclusive evidence of Madoff's fraud in 2006, the SEC waited 2 years and then proclaimed that Madoff was entirely legitimate in June 2009, three months before the entire market collapsed.

Madoff investors would be prudent to sue the SEC for the difference of $64 billion that dissipated while they smiled upon their Midas.

Madoff panicked when the market crashed. If he had any sense he would have blamed the disaster on general market conditions and demanded a government bail-out which they might have granted given the size of the loss. Sphere: Related Content