FETZ

Don't Be Scammed by Madoff Investor Sob Stories

I think it is good that the SIPC asks for records as far back as possible. What if I invested 100,000 with madoff 28 years ago and attained a 10% annual return. I would have about $1.5 million in my account today (not included taxes). If I had a distribution of $50,000 a year ago my account statement would say $1,450,000, Should I get reimbursed the max of $500,000 from the SIPC or $50,000 the amount I truly lost, not counting opportunity costs. I say you should get $50,000 at the most.