Half of Madoff's investors 'lost no money'

US federal prosecutors said a review of most accounts held by financier Bernard Madoff’s customers when he was arrested shows that about half of the customers had not lost money because they withdrew more money than they originally invested.

Prosecutors made the revelation as they told a judge in court papers that there was no need to order restitution because all of Madoff’s assets will be distributed to investors through forfeiture requirements.