Where Did Madoff's Money Go?

full story: http://insights.som.yale.edu/insights...

One of the hallmarks of a Ponzi scheme is that most of the missing money ends up in the hands of unwitting investors, not the perpetrator of the fraud. Rick Antle, a professor of accounting at Yale SOM who is helping in the Bernie Madoff restitution effort, discusses the complexities of cleaning up Madoff's mess.