Madoff: All you had to do was ask
Posted by Ron Coleman on December 29, 2008
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.
jaymaster said
Where am I? This place is too pretty to be Ron’s blog.