Which means that the Madoffs will soon be a poor white trash family lead by a jailbird, some big hotshot lawyers soon will be millions of dollars richer, and the victims of the Madoff scheme will get $50 each.
You got that about right, except that the victims will have to fill out mountains of paperwork and wait several years to receive their $50.
(We just received our payout from the Tyco class action - a whopping $75 . . . )