Madoff Fallout Starts : Planet Money Who's losing what in an alleged Ponzi scheme?
NPR logo Madoff Fallout Starts

Madoff Fallout Starts

Hedge fund manager Bernard L. Madoff is in a world of trouble. Madoff now stands accused of pulling investors into a Ponzi scheme — think borrow from Peter to pay Paul, borrow from Ann to pay Peter, etc.

Meanwhile, Madoff's clients are in a world of pain.Total losses could reach $50 billion. The accounting has begun.