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Bernard Madoff Psychic Profile: Peggy Rometo on Where the Money Went and More

Where did Madoff stash the billions? How much did Ruth know? Does the former NASDAQ chairman feel any shame?

Bernard L. Madoff, the man who masterminded what is believed to be the largest Ponzi scheme in history, was jailed yesterday after pleading guilty to 11 charges including securities fraud, wire fraud, mail fraud and money laundering. The disgraced Wall Street trader, who said he was "deeply sorry and ashamed" for swindling investors out of $65 billion, will face 150 years behind bars when he is sentenced in June. We asked wOw Intuitive Peggy Rometo how it all came to pass — and what’s in store for America’s most hated villain.

wOw: How did it all begin?

Peggy: My feeling is that Madoff was approached by an underground group, possibly originating in Argentina or somewhere else in South America, to find a simple, creative way to make some extra money. I think he saw it as easy, conceptual, no big deal. It all began with an offshore investment and willing partners. He felt very protected within this network, and well hidden from the law.

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