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$12B Withdrawn From Madoff Accounts Before Arrest

By John Johnson, Newser Staff

Posted May 12, 2009 9:33 PM CDT

(Newser) – Operators of so-called feeder funds withdrew $12 billion from Bernie Madoff's accounts in the year before his arrest, nearly half of it in the final three months, reports the New York Times. The analysis of financial records offers hope that defrauded investors will be able... Read full story »

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'Serpent Pastor' Dies of Snake Bite

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$12B Withdrawn From Madoff Accounts Before Arrest

fraud • Ponzi scheme • defrauding investors • Bernard Madoff • Bernard L. Madoff Investment Securities

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More Newser Stories

Investors Hire Gumshoes to Snoop on Fund Managers

Fraud schemes prove boon to private eyes

Prisoner Madoff: 'F*** My Victims'

Ponzi schemer serving 150-year sentence becomes celeb in prison

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Jeffry Picower faced Ponzi scheme lawsuit

Madoff Trustee Sues Relatives for Not 'Doing Their Jobs'

$199M suit spreads blame to firm's execs

Ponzi Loot Puts Madoff Client Among Richest Americans

Picower made $7.2B, lands on Forbes list

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