THIRTEEN MOST LIKEY PLACES WHERE MADOFF MONEY WENT
By R J Shulman
NEW YORK (PTSD News) It was no surprise last week when Bernie Madoff pled guilty to being responsible for operating the largest Ponzi scheme in history in which he lost over $50 billion dollars of client’s investments. A Ponzi scheme, named after the great swindler Charles Ponzi, is a fraudulent investment scheme where early investors are paid returns from the later investors, who never receive anything. The question on the minds of his victims as well as anyone else who has followed the story is what could have happened the massive amounts of funds Madoff collected from investors.

The Post Times Sun Dispatch has sent its crack team of reporters to investigate Madoff’s financial practices and have come up with the following as the most likely places where Madoff lost the $50 billion:

1. In a numbered Swiss bank account, but Madoff misplaced the account number
2. In the place where the missing sock goes
3. It fell out of a hole in his pocket
4. He left it on a cross-town bus
5. He spent in on a rare Superman comic book
6. He lent it to Rush Limbaugh to buy drugs
7. He bought the Cayman Islands
8. He actually did invest it in the stock market
9. Bought oceanfront property in Nebraska
10. His wife spend it all at a Neiman Marcus shoe sale
11. Lost it to a guy running a three-card monte game on West 57th and Broadway
12. Spent it on excessive visits to hottradersluts.com

13. Charles Ponzi came back from the grave and took it all as royalties.

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