Victim here. Note that Picard's efforts only help direct investors, or investors in feeder funds that reached an agreemnt with him. The DoJ separate fund help

Victim here. Note that Picard's efforts only help direct investors, or investors in feeder funds that reached an agreemnt with him. The DoJ separate fund help infirect investors, but after the first refund of 25% of the principal invested, they decided to do not refund customers of feeder funds (or at least of some feeder funds) arguing that we may recover something through Picard. Some of you commented on the follyness of investing in something that sounds too good to be true. At the time, I had diversified my portfolio in 8 funds. Kingate (the Madoff's feeder fund were I invested) had the lowest average return of all the funds. I ran a correlation test of these funds, and they all had an R of 0.7 - 0.95, except for Kingate, it had a correlation of ~0 with all the other funds across the years. I also compared with the major stock indexes, and it was completely uncorrelated. Its volatility was also super low. I plotted the average returns over a 3 month period for as many years as I had data, and it was a straight line at 9.8% annual return. It was my first investment and I thought it was fantastic: uncorrelated, stable, a bit low on the returns side compared to the other funds. Hindsight is 20/20, I guess. I had null previous experience and I just didn't knew how ridiculous these results were, and that this fund had SCAM sprayed all over it. I was advised by "professionals", which turned out to be nothing more than sellers in fancy suits.