TIL Half of Bernie Madoff’s investors were “net winners,” earning more than their original investment in his Ponzi Scheme by whatilearned February 22, 2022, 7:07 am Read more: https://en.wikipedia.org/wiki/Bernie_Madoff What do you think? 12 Points Upvote Downvote BernieearningInvestmentinvestorsMadoffsnetoriginalPonzischemeTILToday I learnedwinners See more Previous article Nerd with inflated ego gets questioned about taking money from artists Next article Ok so I’m not gay but I’m Swedish and have a fantasy 7 Comments Leave a Reply That’s the definition of a ponzi scheme. Log in to Reply WERE net winners… I don’t think you caught the bit about clawbacks. Log in to Reply At least it involves monkey pictures this time. Log in to Reply Eeerrmmm isn’t that what happens in a Ponzi scheme?!?!? Log in to Reply 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. Log in to Reply What’s the curve of dollars won/lost look like on a graph relative to the quantity of investors? Log in to Reply Well, at least he didn’t hang himself. Log in to Reply Leave a Reply Cancel replyYou must be logged in to post a comment.