The courts, in the case of Madoff, ruled that client redemptions going back 6 years were considered criminal proceedings and should be returned. This logic is so sweetly ironic and at the same time so ridiculously impractical that you just have to admire its scale.
It's like saying, sorry buddy but you remember the house you bought, the tuition you paid for your kids college, well you 've got to give it back. But i am just an investor!! Well, sorry again but the money (plus capital!!! WTF!) should be returned. End of story.
If the above holds true then surely there is a case for getting back the salaries of abnormally paid employees of the ponzi companies or you know what, even just normally paid employees. And why stop there, ask to return all things they purchased while employed at Stanford.
1 comment:
This make the basic shareholder pale in comparison...
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