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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.
It means that $11 billion of the nearly $20 billion Madoff took from investors will be returned, a tidy sum that attorneys hope can salve some of the wounds caused by the biggest Ponzi scheme in history. Not even close, say some victims. No matter how much is recovered, they say their lives can never be fully repaired.