Another Madoff investor in trustee's sights?

From of all places, a "yeshivish" website, another story about Madoff's trustee to recoup money paid to investors.

Businessman and philanthropist Robert Lappin said he plans to fight a lawsuit filed against him by the trustee in the Bernard Madoff Ponzi scheme.

Bankruptcy trustee Irving Picard filed a complaint in federal court earlier this month seeking $1.8 million from the Shetland Fund Limited Partnership, which was headed by the 88-year-old Lappin.

So, why pick on Mr. Lappin, you ask? It seems that the earlier "investors," who in some ways were victimized by Madoff, received returns totaling more than they invested with Bernie. It seems to me that this was part of Bernie's plan--to pay excessive returns to the earlier folks that would act as a lure for others to join the scheme in hopes of reaping similar gains.

Read the full article - Philanthropist Targeted in Madoff Complaint Plans to Fight Lawsuit - and let me know what you think.