Just Found Some Money in That Ponzi-Scheme Hedge Fund! Let’s Have a Drink!
Ah, those wonderful hedge funds, they were all so sexy with their “rich people only” requirements and secretive investments. When Bernard Madoff, finally admitted that his hedge fund was “all just one big lie” and a “giant Ponzi scheme”, it was estimated that his investors lost over $65 billion. This makes it one of the largest cases of investor fraud and definitely largest Ponzi scheme in history. The SEC said it appeared that virtually all of the assets of his hedge fund business were missing. Ooops! Now, five months after Madoff’s massive fraud was revealed, very little of his victims’ money has been found. It appears increasingly likely that the worldwide hunt for the missing billions could drag on for years. So far, only about $1 billion has been located, a tiny fraction of the $65 billion the confessed con man stole from his investors.
But our secret, super-duper professional accountant team has been hard at work in their undercover investigation of every tiny, itsy-bitsy detail of this horrible detailed financial web. And lo and behold, the two of them just found some more money that had been hidden away in that Ponzi-Scheme hedge fund! Yes indeedy, the financial figures are looking better and better, and our super-duper accountant investigators are goin’ to celebrate their glorious achievement by having themselves a little drink! Or maybe two. Or just maybe more….
Found Some Money in That Ponzi-Scheme Hedge Fund! Let’s Have a Drink!
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