therealist
2009-03-17 10:19:51
How could Madoff be a scam? His compliance officer was his brother. You can’t trust a guy’s brother to give an honest opinion about him? Also, he cashed out his entire portfolio every quarter so that he didn’t have to file SEC disclosures. Doesn’t your broker do the exact same thing? And he was up 72 months in a row.
Excellent article. I don’t understand what happened to professional responsibility and accountability. To me, anyone with any financial experience or credentials that steered money or helped him in any way is just as guilty and at the minimum should get a lifetime industry ban.
