Madoff Payback

Of the hundreds, if not thousands, of investors caught in Bernard Madoff’s web, a select few may be breathing easy because they redeemed their holdings before the collapse of Bernard L. Madoff Investment Securities. But the relief may be short-lived. Case law stemming from the 2004 blowup of $450 million hedge fund firm Bayou Group may force those who profited with Madoff to give the money back.