Category Archives: Madoff Scam

The Madoff Files: A Chronicle of SEC Failure

Washington’s top cop for Wall Street, hamstrung by bureaucracy and inexperienced investigators, failed to thoroughly pursue multiple warnings about Bernard L. Madoff’s multibillion-dollar Ponzi scheme, according to a scathing new critique of the Securities and Exchange Commission by its internal … Continue reading

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Bilkers, suckers and Wall Street atrocities – Is Madoff Really Worse Than Fuld?

Somewhere back around 1946 or 1947, Nick Etten–by now a pretty much forgotten first baseman for the Yankees–signed a one-year contract in the amount of $15,100. This sum struck many observers as an odd number, but not one canny New … Continue reading

Posted in Audit the auditors?, Back to the basics, Madoff Scam, Patience is a virtue...Delusion is a vice, The Financial Elite, The Importance of Strategic Planning | Leave a comment

More Madoff

Ponzie Schemer Madoff Did Us a Favor – John Crudele, New York Post Do We Owe the Madoff Victims Anything? – David Weidner, MarketWatch Don’t Be Fools: Bernie Madoff Didn’t Act Alone – Randall Forsyth, Barron’s

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Madoff Is “Evil,” But Hardly Unique

Though he claims to have acted alone, it took more than a fountain pen to pull off his massive fraud. Don’t Be Fools: Bernie Madoff Didn’t Act Alone – Randall Forsyth, Barron’s

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Investors Compete for a Piece of the Madoff Pie

The central problem being played out among Madoff victims is that only a small fraction of the nearly $65 billion that disappeared has been recovered. While insurance will fill some of that gap, it is clear that many people will … Continue reading

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