We have been covering as of lately the attempts to recover funds from the Madoff ponzivaganza (see 1, 2) that crash landed 6 months ago, yet it seems that they were not as successful as hoped. Not so much.
Today though, a new era dawns, one that we realize that the money is out there. * Two points of interest, again for those of you not actually hitting those links,
1. recovered 25.5 m out of what was once worth 1 b **
2. liquidator recovered 1b so far, 3/4 of which is from returned redemptions ***
* Just not as much as we hoped for and by far not as much as was swindled
** probably the correct wording should be , what was once thought to be worth…
*** actually not recovered yet, but you better send it back or else…
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