How is it possible to accurately calculate who should be compensated and by how much?
Saturday, June 27, 2009
Who's Going To Put Humpty Dumpty's Egg Back Together?
The Courts want to strip Bernie Madoff of more money, $171 billion, than it seems possible for one man to own.
My question may be stupid.
Don't forget that the totals in the accounts were bogus, because the money wasn't invested. The payments/investments the conned clients paid were used to give them all "interest payments." The clients' accounts were false, inflated.
Can a team of auditors really discover how much outside money the clients gave Madoff? And then, how do they calculate the percentages of what should be returned and to whom?