I found this really interest article from the New Times the other day. The article states that there is a motion pending in Federal Bankruptcy Court in Manhattan that contends that Bernard Madoff long term investors cannot accurately calculate their loses unthil they know whether any of their orginal profits were legitimate. And to determine that, the motion continues, they must know when the Ponzi scheme began.
The Madoff bankruptcy trustee is calculating investor losses as the difference between the cash paid into an account and the cash taken out.
But if some of an investor