Thursday, February 05, 2009

Actors, baseball legends on Madoff client list

Actors, baseball legends on Madoff client list
"Harry Markopolos, told House lawmakers at a hearing that he had discovered that additional funds had relayed investments to Madoff in Europe - and that the managers of these 'feeder' funds may have ignored signs of the massive fraud scheme.
He plans to present his findings to the Securities and Exchange Commission's inspector general Thursday. If proven, they would substantiate the assertions of many analysts that the alleged fraud was far too large for Madoff to have conducted alone."

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