Investing With Bernie Madoff: How It Happened, What Happened, And What Might Be Done. Part II

A foremost red flag was that Madoff apparently was not even making the trades of securities shown on the monthly statements. The trades shown on the monthly statements were fictitious, a fact which still seems unbelievable a month after the scandal broke. Experts who checked this got out of Madoff. The expert SEC apparently checked out none of this however, so the average investor was again left completely in the dark.

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