{"id":10320,"date":"2008-12-23T19:16:51","date_gmt":"2008-12-23T19:16:51","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/madoff_victims_may_have_to_return_6_years_of_profits_principal\/"},"modified":"2008-12-23T19:16:51","modified_gmt":"2008-12-23T19:16:51","slug":"madoff_victims_may_have_to_return_6_years_of_profits_principal","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=10320","title":{"rendered":"Madoff Victims May Have to Return 6 Years of Profits, Principal"},"content":{"rendered":"<p>Like some of Bernard Madoff\u2019s clients, a Florida restaurant owner was lucky enough to withdraw part of his investment before the money manager allegedly confessed to a $50 billion Ponzi scheme. Now he\u2019s worried he might be asked to give it back.<\/p>\n<p>53-year-old investor, who asked not to be identified to protect his stake, took out about $600,000 this year from his $1.5 million account, using some of it to pay down a mortgage. He and other Madoff clients who withdrew funds as long as six years ago may be sued on behalf of other victims to return profits and even principal, securities and bankruptcy lawyers say.<\/p>\n<p>\u201cRight now there are Madoff winners and Madoff losers,\u201d\u009d said Lynn LoPucki, who teaches bankruptcy law at Harvard University. \u201cBefore this is over there will be nothing but Madoff losers.\u201d\u009d<\/p>\n<p><i><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&#038;sid=a3kFmYaaw5sY&#038;refer=worldwide\">What an unbelievable mess.  Read it all<\/a>.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Like some of Bernard Madoff\u2019s clients, a Florida restaurant owner was lucky enough to withdraw part of his investment before the money manager allegedly confessed to a $50 billion Ponzi scheme. Now he\u2019s worried he might be asked to give<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=10320\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,660,149,599],"tags":[],"class_list":["post-10320","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-bernard-madoff-scandal","category-economy","category-stock-market"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/10320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10320"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/10320\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}