Gregory Skidmore

Don't Be Scammed by Madoff Investor Sob Stories

Addition to my above comment. I have no problem with investors being bailed out by any SIPC coverage they are due. Any amount above that I have a problem.

Don't Be Scammed by Madoff Investor Sob Stories

I don't know how you can't feel badly for investors who lost money. I personally don't like to see any honest person lose money. They may have made a mistake to invest with Madoff, but they did not deserve to loose out in a ponzi scheme.

All that being said, I don't believe any investors should be bailed out. I've heard the idea tossed around and this would only encourage people to continue to make investments without doing adequate due-diligence.