Quote:
Originally Posted by HuskyMan
did anyone notice the piece about the feeder funds? as in Fairfield Greenwich who had advised their clients to invest with Madoff. Fairfield Greenwich is a 17 billion dollar hedge fund.....Fairfield Greenwich received BIG BUCKS in commissions from Madoff in exchange for referring clients to him. the lead dog for Fairfield Greenwich is now cooling his heels at his beach house trying to avoid the publicity......
http://seclaw.blogspot.com/2008/12/madoff-fairfield-connection.html |
I like the way Markopolos put it when asked what it was those guys were supposed to do for their paycheck. Something like, 'they were supposed to ascertain if it was a good, legitimate investment or not and instead they got paid to lose their clients' money.'