money.cnn.com - 12/16/2008
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Now that the Madoff fraud has been exposed there are still a slew of fundamental questions outstanding.
online.wsj.com - 12/18/2008
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online.wsj.com —
Securities and Exchange Commission investigators discovered in 2006
that Bernard Madoff had misled the agency about how...
he managed customer money, according to documents, yet the SEC missed an opportunity to uncover an alleged Ponzi scheme. The ...
(more)
Madoff Misled SEC in '06, Got Off
paul.kedrosky.com - 12/12/2008
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paul.kedrosky.com —
Some snippets from the legal complaints related to
the Bernie Madoff legal blockbuster. His advisory firm has...
been alleged to be -- including by his own supposed free admission to an FBI agent and to some senior employees -- a multi-billion dollar Ponzi scheme. More here ...
(more)
Madoff on Madoff
Comments
Blog Reactions
How much sympathy do the Madoff victims deserve?
BloggingStocks —
... Madoff knew that just because people were rich it did not not make them smart -- that was the source of his success. All you have to do is talk about an investment philosophy that is vague but sounds really authoritative. Give people nonsensical statements that they glance at quickly. Make sure that the ...
How much sympathy do the Madoff victims deserve?
BloggingStocks —
... Madoff knew that just because people were rich it did not not make them smart -- that was the source of his success. All you have to do is talk about an investment philosophy that is vague but sounds really authoritative. Give people nonsensical statements that they glance at quickly. Make sure that the ...
Moral Hazards are Not Something to Toy With
The Foundry —
... is to protect investors. Now, let’s say you were approached by Bernie Madoff and he asked you to invest in his company. You might do your research and see that Mr. Madoff was investigated twice by the SEC and found nothing wrong. When a government agency, with the word security in it, signs off on the Madoff operation, why shouldn’t you? Well, we all know how that invested panned out. ...
Related Content
SEC Chief Says Madoff Warnings Ignored
money.aol.com 12/17/2008 — SEC Chief Says Madoff Warnings Ignored posted: ONE MINUTE AGO comments: 0
New York Times / AP
Amid questions about whether Wall Street powerbroker Bernard Madoff received the benefit of the doubt from market ...
How much money does Madoff really have?
bloggingstocks.com 12/31/2008 — One of the more intriguing questions of the $50 billion Bernard Madoff Ponzi scheme is where did all of the money go. Investors now may get a rough idea as to what the man who was once considered by investors to be some sort of genius did with their ...
Madoff: So How Much Money Are We Really Talking About?
paul.kedrosky.com 12/12/2008 — Lots of chatter about whether $50-billion is really the correct number in the Bernie Madoff fraud allegation debacle. What is the right number? Well, here are some key stats: According to a Form ADV filed with the SEC a year ago, Madoff's advisory business then had $17.1-billion in assets ...
Investor sues the SEC over Madoff losses
bloggingstocks.com 12/23/2008 — New York retiree Phyllis Molchatsky lost nearly $2 million to Bernard Madoff's Ponzi scheme, and she's as mad as hell and she's not going to take it anymore. Realizing that suing Mr. Madoff won't lead anywhere, she's trying an innovative strategy: ...
Some Madoff Must-Reading
paul.kedrosky.com 12/18/2008 — Tonight's WSJ contains some Bernie Madoff must-reading. The story of the decade-long quest on the part of Harry Markopolos to take Madoff down is simultaneously depressing -- he had the case increasingly cold for years, and the SEC completed f**ked it up -- and uplifting -- he was ...
Madoff Story is Staggering
paul.kedrosky.com 12/12/2008 — The revelations around Bernard Madoff today are staggering . Truly. This is the sort of thing that makes you wonder what is real anymore in markets, and what isn’t. Bernard Madoff, founder and president of Bernard Madoff Investment Securities, a market-maker for hedge funds and banks, was ...
Madoff winners may have to pay back gains
bloggingstocks.com 12/19/2008 — As the story unfolds, winning investors find that even though they took their funds out, they may have to repay some of their gains. That's because of something called "clawbacks." A court could rule that anyone who gained money from Madoff's Ponzi ...
MADOFF $CAM IS BAD 'NEWS'
nypost.com 12/15/2008 — Daily News owner and real-estate mogul Mort Zuckerman is one of the investors ripped off by swindler Bernard Madoff, it was reported today. Zuckerman, who also owns US News & World Report, has "significant exposure" through a fund that invested...
Madoff Investor Dies in Possible Suicide
money.aol.com 12/23/2008 — Madoff Investor Dies in Possible Suicide posted: ONE MINUTE AGO comments: 0 filed under: Madoff
Rene-Thierry Magon de la Villehuchet, the founder of Access International Advisors, a hedge fund that invested money with Bernard L. Madoff, dies in his Madison Avenue ...
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