Everyone keeps saying something to the effect: "Where's the $60B?"

Get this straight. There is no $60B.   The $60B is a total of what was fraudulently taken in over a period of many years. I forget how many, but let's say it was 20 years. That's an AVERAGE of $20B per year, and that's a lot of money.

But where did that year's (approximate average) $20B go? A lot of it went to existing investors, to maintain the fraud.

Madoff kept and spent a lot (unknown) of what was not fed back (also unknown) into the money pump.

At no point along the way, and today, there was/is no pot of $60B. There probably is what we would consider a large amount of money stashed here or there, including what his wife made off with, but not $60B--then, now, or ever.

There's been talk of backing up to try to reclaim money now-for-then from investors who were paid the phantom "earnings" along the way, and those (if any) who entirely withdrew what was shown as their investment stake at a particular time. Rotsa Ruck!

Dave Oesterreich