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Madoff Scandal: The Final Minions Meet Their Fate. After more than six years and 15 convictions, the Bernie Madoff Ponzi scheme, which cost his investors an estimated $50 billion, is finally coming to close. Continue Reading Below.
Billions in Madoff money recovered, but there's no repairing these lives. Lawyers announced Tuesday they've recovered an additional $1.2 billion taken from investors by Wall Street swindler Bernie Madoff.