1. 40 U. BALT. L. REV. 215, 273 & n.305 (2010) (citing arguments that regulations concerning who counts as a sophisticated investor are too broad as, for example;See generally Felicia Smith, Madoff Ponzi Scheme Exposes "The Myth of the Sophisticated Investor
2. on the webpage summarizing his efforts, that "[s]ome BLMIS customers unwittingly withdrew funds that were, in reality, money stolen by Madoff from other BLMIS customers;Trustee Irving H. Picard, MADOFF RECOVERY INITIATIVE
3. With Madoff, the engine of fraud churned on until the collapse of the securities markets caused new investors to stop feeding the scheme and made it impossible for Madoff to continue;E G See;J,2010