Madoff

Madoff trial

Quote of the dayCaren Low of Harrison, New York, wrote that her family's name is on buildings at the Albert Einstein College of Medicine, the Hebrew Home for the Aged in New Rochelle and the Hebrew University in Jerusalem. She said they are benefactors of Lincoln Center and founders of the Simon Wiesenthal Center in Los Angeles.

She said she went on anti-depressants after she learned what Madoff had done and that now she is looking for work.


"It's absolutely revolting," she wrote. "I guess one lesson learned is not to give away too much money before you die as you never know what can happen."

Incorrect information in the article
Thousands of people lost billions of dollars investing with Madoff, who authorities say confessed to his sons in early December that he had been running a giant Ponzi scheme for decades in which early investors were paid with money collected from later investors.

"Thousands of people lost billions of dollars " that doesn't seem correct:
assume 5000 people lost 1 billion = 5 trillion... and he only lost 50 billion.