Former Hedge Fund Manager Bernie Madoff Ran a Ponzi Scheme,in

Multiple Choice

Former hedge fund manager Bernie Madoff ran a Ponzi scheme,in which he took money from new investors and used that money to pay earlier investors,all the while pocketing most of the money for himself.In the end,Madoff lost around ________ of his investors' money and ended up behind bars."

A) $100 million
B) $5 billion
C) $25 billion
D) $50 billion