Chapter 102: Substitution (2)
So many wealthy people had been affected, and with the Jewish community pouring out their collective rage in unison, the aftermath unfolded swiftly.
Had it been as enormous as the $65 billion scale in my previous life, things might have been different. But this time, it was “only” $5 billion, so the result came out surprisingly reasonable.
[Full Compensation Confirmed in Madoff Ponzi Scheme!]
[Quinn Emanuel Law Firm's Astounding Victory Rewrites the History of Class Action!]
[Some Claim Early Investors Shouldn’t Be Compensated in Madoff Case...]
“Woooo! I’ve realized today that justice is alive and well! Long live America!”
“Thank you, thank you....”
Well... maybe not everyone could celebrate—Arthur Andersen, fined $1 billion for aiding a clown act, probably found it a bit unfair.
They should’ve lived more upright lives, frankly.
As a side note, JP Morgan also got slapped with a $1.5 billion fine for allegedly enabling the Ponzi scheme—though they were arguably unaware, which made it all the more frustrating. When you added in the other accounting firms involved and Madoff’s personal assets, it totaled around $3 billion...
Enough to fully cover the damages and even leave some left over.
People had expected irreversible losses, but even a portion of the principal and interest was compensated—so of course they were overjoyed. Except for those who invested while knowing it was a Ponzi, the scammers, and the very bitter JP Morgan, it was a happy ending all around.