(Clusterstock.com) Ira Sorkin's mom rode Bernie Madoff's Ponzi scheme up from 2001 until her death in 2007, when she cashed out, Bloomberg says. And the account, opened by Sorkin's father, may have been compounding fictitiously for years before that.
This makes Sorkin's mother--and, through inheritance, Sorkin's two sons--"Madoff winners": A few of the lucky thousands who reaped huge "investment gains" that were actually just other people's money.
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Friday, February 13, 2009
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