Submit a Story!
topics:

Bernie Madoff Was A Fraud!
An advisory firm called Aksia steered clients away from Bernie Madoff's Ponzi scheme years before it blew up. In this letter, Aksia explains how it knew there was trouble afoot. (Click the full-screen icon in the lower right-hand corner of the player to enlarge).
 Bernie Madoff on the modern stock market (video)
Play
Bernie Madoff on the modern stock market (video)
youtube.com — Bernard Madoff, former NASDAQ chaiman now implicated in a $50 billion Ponzi scheme, at a 2007 roundtable... discussion with Justin Fox, Ailsa Roell, Robert A. S... (more) Bernie Madoff on the modern stock market (video)
Bernie Comes Out of the Closet
nihoncassandra.blogspot.com — Not a year has gone by during the past fifteen that I have not contemplated what Bernie... Madoff did (or didn't do) to make his money. Seventy to one-hundred basis-points-a-month. Net. Net. Net. During tempests, earthquakes, panics and crashes - even ... (more) Bernie Comes Out of the Closet
Comments
Blog Reactions

Elementary, dear SEC
FT Alphaville — ... for front-running, in identifying it. Of note is this document from Aksia, via Clusterstock . In it the advisory firm clarifies why for years it steered clients away from Madoff’s company. Its range of “red flags” are strikingly simple — from models that could not be replicated or understood to aging auditors. Of note: So at least one advisory firm appears to have picked up on the discrepancies.Why did others, including Nomura which was selling Madoff’s services to clients according to ...

A Socratic Dialogue About Bernie Madoff
J. Bradford DeLong's Grasping Reality with All Eight Tentacles — ... with "How We Knew Bernie Madoff Was A Fraud" (answer - we asked people things) http://clusterstock.alleyinsider.com/2008/12/how-we-knew-bernie-madoff-was-a-fraud. ...

Related: letter to sec on bernie madoff
AwkDealbreaker
According to Charlie Gasparino, the SEC received a letter in 2005 that stated, "Bernie Madoff is running a Ponzi scheme."