Madoff update

Donald Trump on Madoff: “Sleazebag” “total crook” “sons are guilty”

Madoff misled SEC in ’06, got off. Harry Markopolos doggedly tracked Madoff for ten years. In 2005, he filed a document with the SEC about Madoff titled “The World’s Largest Hedge Fund is a Fraud.” (pdf)

Naked Shorts on the Markopolos filing.

OK. Now just read it. Markopolos absolutely nailed it with an astounding degree of precision. And I think you’ll agree that characterizing the SEC as The Keystone Cops does defamatory disservice to The Keystone Cops’ investigative skills.

Madoff’s wife being investigated

Madoff scandal shaking real estate industry. Many real estate developers used their Madoff holdings as collateral for new projects. Now that those holdings are assumed to be worthless, the banks want new collateral.