Hard to tell who the bad guys are in this story. Not sure the guy realizes that his wife’s family – the folks who think they lost $30mm – are the persons who gained from the scam. The “entire family had been in the fund for decades and lived well off the returns” – those were other people’s “investments” that funded the lifestyle. And, ultimately, Robert’s:
http://www.time.com/time/business/article/0,8599,1866398,00.html?xid=feed-yahoo-biztech
More Madoff
December 15, 2008 by Taunter