Only about half of Madoff's investors actually lost money

09/24/2009 | InvestmentNews (free registration)

Of the 8,094 customers who held accounts with Bernard Madoff's firm at the time of his arrest, prosecutors say, only about 50% actually lost money, meaning that they put in more than they withdrew. Investors who put money into Madoff's funds, which he ran as a Ponzi scheme, suffered net losses exceeding $13 billion, prosecutors said. About 15,900 claims have been made to the trustee by those seeking a share of any recovered money.

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