The many Bernard Madoff investors who withdrew money from their accounts over the years are now wrestling with an ethical and legal quandary. What they thought were profits was likely money stolen from other clients in what prosecutors are calling the largest Ponzi scheme in history.

Now, they are confronting the possibility they may have to pay some of it back. The issue came to the forefront this week as about 8,000 former Madoff clients began to receive letters inviting them to apply for up to $500,000 in aid from the Securities Investor Protection Corp. Lawyers for investors have been warning clients to do some tough math before they apply for any funds set aside for the victims, and figure out whether they were a winner or loser in the scheme

We want to know:

If you made money in the Madoff scandal, would you come clean?

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This entry was posted on Friday, January 9th, 2009 at 1:32 pm and is filed under America's Talking. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.