Tuesday, December 23, 2008

wow

http://tinyurl.com/a5amxh Investors in Madoff's fund who withdrew cash may be held liable for any gains or principle they removed and have to return it. This is very scare because it means if you had been a potential victim of a fraud, but for some reason had gotten your money out of there early you could now be held liable for that money. What happens if you have spent it? What if it's been put into another investment that has lost money? To me it does not look like the government cares (imagine that!). http://tinyurl.com/a5amxh A very scary story. Have a read.

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