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Bernard L. Madoff Ponzi Scheme

Banks, Investment Advisors, and Accounting Firms Missed or Ignored Ponzi Scheme "Red Flags"
Posted by: Jeff Kaplan
December 13, 2008

While at least one adviser to hedge fund investors warned clients not to invest their money with Bernard Madoff after learning of “red flags,” many other banks, investment advisers, and accountants either missed or ignored those "red flags."

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Bernard L. Madoff
Posted by: Jeff Kaplan
December 13, 2008

Wall Street legend Bernard L. Madoff has confessed to running a massive Ponzi scheme that may have caused as much as $50 billion in investor losses.

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