Wednesday, July 1, 2009

Madoff - The Simple Math




150 - Jail sentence issued to Bernard Madoff on June 29, 2009


1,341 - Number of Madoff customers according to company records.


12 - Recommended prison term in years recommended by Madoff attorney.


109 - Number of nights Madoff spent in jail since pleading guilty in March.


$13 Billion - Estimated net losses suffered by Madoff clients since 1995.


$1.225 Billion - Amount recovered by bankruptcy trustee for Madoff victims.


$188 Million - Cash advances promised to Madoff investors as of June 23.


$973 Million - Losses deemed not covered by Securities Investor Protection Corp. (SIPC).



61727-054 Bernard Madoff federal prison inmate number.


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