by admin | Apr 19, 2010 | Madoff
I just finished listening to Harry Markopolis’ No One Would Listen: A True Financial Thriller. And while I’ve enjoyed many books more, it’s still intriguing to learn of the extent Markopolis went to alert the SEC of Madoff’s Ponzi scheme. For...
by admin | Feb 25, 2010 | Madoff
I’m pleased to see how others behind Madoff’s Ponzi scheme are being identified and charged: the most recent being Daniel Bonventre, Madoff’s operations director. I must confess (sorry for the pun) that I think it’s odd that it took so long to...
by admin | Feb 17, 2010 | GIPS, Global Investment Performance Standards, Madoff
The Global Investment Performance Standards’ (GIPS(R)) latest edition, GIPS 2010, mandates that firms have a written policy to ensure the existence and ownership of client assets (see paragraph 0.A.5). I suggested a few days ago that this was most likely in...
by admin | Sep 5, 2009 | Madoff
This weekend’s WSJ provides even more details on how the SEC failed to uncover Madoff’s antics, in spite of the numerous warnings that were provided to them. One especially nice addition is that they point us to the SEC’s report, appropriately titled...
by admin | Sep 3, 2009 | Madoff
The more we hear, the more shocked we become: I responded to the initial revelations that the SEC had failed to properly check out Bernie Madoff based on the following: SEC is told that Bernie’s numbers are too good to be true SEC’s response: “come...