What did Bernie Madoff do with that $55 billion? Flip Side assigned its crack investigative reporting team to answer this question. The results are just in:
Bernard Madoff : Sources of Funds, 1992-2008
Chumps: $5,637,000,000. Shmedriks: $14,080,000,000. Dupes: $4,363,000,000. Shlemiels: $7,375,000,000. Goyim: $23,545,000. Total: $55,000,000,000.
Bernard Madoff: Uses of Funds, 1992-2008
New York Yankees baseball cap, $17.95
Loss on co-investment with Paul Allen in Charter Communications, $325,000,000
Book: Ponzi's Scheme: The True Story of a Financial Legend, $14.95
Ingrates who wanted money back: $4,325,000,000
NPR Spring Pledge Drive: $50
East Side Co-op: $4,000,000
Pilates classes: $1,325
Payment to Dr. Bomo Ngoro, Auditor General of Burkina: $18,766,000
Six Sigma Consulting: $919,459.15
Property in Antibes: $900,000
Loss on co-investment with Paul Allen in Portland Rose Garden: $55,000,000
Summer home in Hamptons: $1,580,000
Things that cost a lot of money: $3,695,000,000
Things that cost a whole lot of money: $9,423,000,000
Loss on co-investment with Paul Allen in Radar Networks: $35,780,000
NPR Feast of the Ascension Pledge Drive: $50
Purchase of Papal Indulgences: $2,936,890,000
Food (excluding Vitello Tonnato): $77,736.89
Vitello Tonnato: $77,736.89
Motivational speakers: Barry Bonds ($75,000), Jeff Skilling ($125,000), Charles Manson ($250,000)
Tchatchkes: $6,000,000,000