Investigators are turning their focus to some of Bernie Madoff’s largest “victims”, as evidence piles up that they must’ve known fraud was at hand.
The damning part: Some would specifically request a certain level of returns in advance.
That’s right. They requested gains, and Madoff gave them those gains by booking fictitious trades.
Something really vile and corrupt was allowed to go on for far too long at the very high levels of US investing and finance in these Madoff funds. Seems to me that major parts of the financial system are seriously compromised.