I managed more than 18% on my last round of arbitrage, all fees included. I wonder if I'll be able to get 25% on the next.
I think he just confessed to having insider access to withdrawals. The people who did that with Madoff ended up being subject to "clawbacks" after the bankruptcy.
If he has had any communications with Mark I hope they took
extreme care to ensure that they were private or
very well thought out. Even then both parties need to hope the other doesn't squeal when the chips are down.
Depending on how future enforcement actions progress, ya, there could be some clawbacks in his future. When one's wealth is a result of others being defrauded it is hard (but not impossible) to achieve perfect innocence. Working directly with the primary party in the fraud wouldn't help.