Tag Madoff

Madoff news. 12/27

The web of corruption, fraud, and destroyed lives created by Madoff’s scam continues to spread. The French financier who lost $1.7 billion of client’s money in Madoff fund, also lost his entire fortune and that of friends and family. He…

Fairfield Greenwich had Madoff red flags back in 2004

Fairfield Greenwich, the mammoth hedge fund that lost $7.5 billion on Madoff “investments”, was told pointblank by a potential buyer in 2004 of concerns about placing money with Madoff. Yet they kept doing it. Thus, they were told, and ignored…

Madoff, the SEC,and the cockroaches

From “The World’s Largest Hedge Fund is a Fraud.” by Harry Markopolos filed with SEC in 2005. (pdf) Red Flag #20. (pg. 11) Madoff is suspected of being a fraud by some of the world’s largest and most sophisticated financial…

Madoff scam. We’re all Ponzi now

Madoff scam dates back to 70s. Why am I not surprised? Plus, he recently told the SEC he had no more than 25 clients when he actually had 4,000. The incompetence and studied ignorance of the SEC is appalling. Sue,…

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…