An attorney for the trustee of Bernard Madoff on Monday announced that another $75 million of the Ponzi schemer’s assets has been located in Gibraltar, bringing total assets found to more than $1 billion.
Madoff is now in prison after pleading guilty to charges that he fleeced thousands of investors of as much as $50 billion. How much he actually stole remains a mystery since that $50 billion likely includes the gains investors thought they were receiving.
Still, $1 billion has got to be a record number for the amount of money left after a Ponzi scheme implosion. Good work, Bernie. No matter how it turns out from here, there’s still a place for you in Guinness.