The Pansey Scheme

By thanksgiving, two thousand eight, radolf fund clients had submitted seven billion dollars in redemption request. Burney madolf only had 234 million dollars on hand to out. He instructed his wife to transfer another ten million from the brokerage account to her personal account. And he wrote cheques to the family and friends for the remaining balance of invested funds to be cashed at a later date. The next morning, december eleventh,  two fbi agents knocked on bernie madof's door. Mark and andrew had turned them in. There is no innocent explanation, says one agent. Bertie madolf replied, it was all one big lie.