Madoff: All you had to do was ask
Dec 29, 2008 Gelt, Homo sapiens, Sisyphus
Bruce MacEwen’s Adam Smith, Esq. blog quotes from an interview in Barron’s in which a major (multi-billion-dollar) potentional investor in Madoff’s hedge fund smelled fraud after an exasperating several hours of stonewalling by the “great man” and walked away without investing.
You’ve got to read these quotes to believe how bright, how flashing, how garishly obvious the warning lights were — if only you, as a hedge fund manager or other financial fiduciary — would stop worrying about not looking cool, do your job and ask the questions.
December 29th, 2008 at 5:29 pm
Where am I? This place is too pretty to be Ron’s blog.