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Cali Madoff Victims Tempt Fate

The Ponzi circle of life has now come full circle in California. For years, Madoff victims paid real money in state taxes on their fake Bernie profits. Now those victims want the state to issue tax refunds in the neighborhood of $20 million for their phantom gains. The Californians who invested 100% of their money with one guy and are looking to be made whole should really pick their battles. If they continue down this path, some legislator will not be able to resist the temptation to slap them in the face again by using the state's three-letter solution to everything to deal with this problem as well.
Madoff victims explore tax refunds on 'phantom' profits [Boston Herald]