TIL Half of Bernie Madoff’s investors were “net winners,” earning more than their original investment in his Ponzi Scheme

Read more: https://en.wikipedia.org/wiki/Bernie_Madoff

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  1. That doesn’t really tell the whole story.

    Half of his investors may have made gains, but only with an average of, say,$1,000 each.

    But the other 50% of investors may have made a net loss, of say, $100,000 each.

    We need more information.

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