Madoff and International Trade

George Madoff, former chair of the stock market Nasdaq, has been in recent news involving financial swindling. Madoff is expected to plead guilty to eleven criminal counts tomorrow, when he faces prosecuters in U.S. courts. Madoff used new client funds to pay investors in what is called the "Ponzi scheme." The funds in the "Ponzi scheme" are worth over $50 billion. Not only is this amount incredibly large, but it also comes from interesting sources.
Madoff was using money from multiple investing companies, but also from charities. He was stealing funds meant to benefit members of society who were in need. Those organizations designed to create positive externalities will have had their funds stolen by a corporate thief. In addition, Madoff was using funds from private clients from North America, South America, and Europe. International trading of investments with Madoff are now nonexistent. Traders on all of these continents were investing their funds because they believed that the benefits of trading would be better than retaining their funds, or investing them domestically. In the realm of international trade, the gains of the "winners" should out outweigh the losses of the "losers." Madoff gave investors a false idea of the markets in which their funds would be placed, and threw off the standard of international trade. He faces a potential sentence of 150 years in prison. I wonder if this example of international wrongdoing will trigger an even greater call for a world court in which international policies can be settled.