@altgate » Blog Archive » How Madoff Made Off
Altgate
DECEMBER 19, 2008
In the memo, Markopolos posits two potential scenarios: Madoff Securities is front-running clients. Madoff Securities is a Ponzi scheme. There are two big questions: it seems clear that a lot of people in the industry knew about this so why did no one (other than Markopolos) turn in Madoff? This is, of course, illegal.
Let's personalize your content