I think this is an interesting analysis. My speculation is that the evidence will show much more intent than expected. I think the cooperation agreements are re

I think this is an interesting analysis. My speculation is that the evidence will show much more intent than expected. I think the cooperation agreements are reflective of that and suggest those folks knew what they were doing wasn't right. Edit: I am skeptical that that significant money will be recovered. Madoff ran a rather simple scheme where he skimmed money for himself and to pay earlier investors. I don't believe he actually lost that much money, just never made anywhere near the paper returns. I think FTX actually lost a lot of real money, but I am not that close to the facts.