Doug Kass, "Madoff Was Made Up"

By on December 13, 2008

Doug Kass writes an interesting article where he provides red flags indicating the huge hedge fund run by Bernie Madoff was a ponzi scheme. One is that the returns were too high and consistent to be statistically possible. If the SEC used statistics in targeting problems like this they should never go on for long or get as large as $50 billion.


One Comment

  1. Anonymous

    December 15, 2008 at 10:57 pm

    Yeah, NOW he tells us! Thanks for nothing Doug!!!

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