2008-12-12forbes.com

The possibility of returning redemptions isn't the only bad news for Madoff investors. Those who paid income taxes on phantom earnings they were led to believe they received from their investment at Madoff's advisory firm might not get back what they paid if too much time has passed.

Boy, its starting to really suck to have been a "high net worth" investor who failed to do your due diligence on hedge funds.



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