Where Did Madoff's $50 Billion In Stolen Funds Actually Go?
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Bernard Madoff, Madoff $50 Billion Where Did It Go, Madoff Money Scandal, Madoff Ponzi Scheme, Madoff Scandal,
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Talking Points Memo:
Almost since the news broke that Bernard Madoff had confessed to running a "$50 billion Ponzi scheme", one of the key unanswered questions has been, what happened to all that money?
The short answer is, we don't know yet. "It is still too early to say with any certainty what was going on inside Madoff's business," said Stephen Harbeck -- who heads the SIPC, which is serving as the receiver for Madoff's now-defunct brokerage firm -- at a press conference outside U.S. bankruptcy court last week.
First Posted: 12-29-08 06:44 PM | Updated: 01-29-09 05:12 AM