SEC Filing on Holdings
MSNBC's Video On Madoff
Madoff received a wave of redemption notices in recent months from investors looking to preserve cash. Authorities say investors sought to pull out some $7 billion from the fund — money Madoff apparently did not have. In the end, most Ponzi schemes collapse when too many investors seek to pull their money out at the same time, and the operator doesn’t have the cash on hand.
