Ponzi scheme mastermind Bernard Madoff (pictured) may have scammed more victims than previously thought — and stole more from them as well.
More than 51,700 claims had been filed as of April 30 from investors who said they'd been scammed, according to a Tuesday update from Richard Breeden, the special master administering the Madoff Victim Fund on behalf of the Department of Justice.
The claims flowed in from 119 countries and reported more than $40 billion in net losses.
Madoff's scam collapsed in December 2008 as his clients sought their investments back amid the national financial crisis. He pleaded guilty without standing trial, and is now serving a 150-year federal prison sentence.
Full report here.