We'll Never Know

[don]

The Wiseguy, the Spy and the Ponzi Prince

What do they have in common, these notorious jailbirds?

Something, apparently. Legal papers filed by a lawyer representing victims of Bernard L. Madoff’s vast Ponzi scheme single out two inmates of the Butner Federal Correctional Complex near Raleigh, N.C., whom Mr. Madoff spends quality hard time with: Carmine Persico, boss of the Colombo crime family, and Jonathan Pollard, intelligence analyst turned spy for Israel.
Go figure.

http://www.nytimes.com/interactive/2...ered&st=Search

So many unaccounted for billions....

[GRG55]

Re: We'll Never Know

So many unaccounted for billions....

From FT Alphaville:

Picard: $21bn lost in Madoff scheme

Posted by Gwen Robinson on Oct 29 04:52.

The US court-appointed trustee in charge of recovering assets from Bernard Madoff’s fraudulent investment operations said on Wednesday $21.2bn had been lost through his Ponzi scheme, far higher than thought. Irving Picard warned that Madoff-related losses were far deeper than the $13bn initially estimated, and could grow as more claims were made. Madoff is serving a 150-year jail term. So far, $534m has been repaid to 1,368 Madoff victims by America’s Securities Investor Protection Corp.