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Oceanfront mansion
Oceanfront mansion
One of the properties being posted to secure Bernie Madoff's $10 million bond is a $3 million home in Montauk, N.Y., a Long Island hamlet.

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Last updated April 01 2009: 6:18 PM ET
Dozens of families in this wealthy resort community fell victim to the massive Ponzi scheme. Losses in this small town alone could reach $1 billion. More
A small network of connections helped to facilitate many of the investments. More
Some people who got out of Bernard Madoff Investment Securities before it imploded may have to give back gains. More