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The Mystery Madoff Victims Who Left $2.5 Billion on the Table

  • Offshore feeder funds account for part of the mystery
  • Experts speculate some customers sought to avoid scrutiny

Ever since Bernie Madoff’s Ponzi scheme collapsed in 2008, it’s been much-rumored that investors included tax dodgers shielding money from the IRS, drug dealers who laundered proceeds through the con man and wealthy moguls hiding assets from ex-spouses.

After all, the scheme wiped out $20 billion of investors’ money, but the victims’ claims for repayment total just $17.5 billion.