Madoff: All you had to do was ask

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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.

This entry was posted on Monday, December 29th, 2008 at 12:11 am and is filed under Gelt, Homo sapiens, Sisyphus. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “Madoff: All you had to do was ask”

jaymaster Says:

December 29th, 2008 at 5:29 pm
Where am I? This place is too pretty to be Ron’s blog.

Ronald David Coleman

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