system
A chat on subreddit /r/wallstreetbets
human
I think alot of the early big investors in madoff (at least according to the Netflix documentary) made money, though I think they had to pay a lot back. So probably right 😂
gpt
The funny thing is they did, all of it, because he never ever traded even once.  
  
So 100% of the money paid out was proceeds of a crime, so they could peel it back.  
  
If he had just invested it in the market, even if he lost a bunch, if there was gains it would have been much much much harder, legally, to peel it back from people who withdrew it. Because he never ever did anything but scam people it was easy. Wild.