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Why is this fraud different from all other frauds?
Years from now, lawyers, journalists and historians are likely to still be debating the causes and consequences of Madoff's massive deception. Untangling the mess will not only be crucial in the bid to provide restitution to some victims, it will also become a case study of how not to repeat the same mistakes.
In the eyes of the American judicial system, said fraud investigators and asset hunters, some innocent victims of Madoff's massive Ponzi scheme are legitimate targets for government and civil actions seeking to compel them to disgorge any gains they derived.