Seven things you might not know about Madoff
I am fascinated by the Madoff scandal. I want to understand the lessons to avoid these mistakes myself, and also to see what public policy recommendations might be in order. Bill Burnham has a nice list of 7 things about Madoff that I did not know, and that you might not know either. Two quick things: first, investors probably knew that Madoff was conducting business illegally (though not a ponzi scheme), and in fact that was part of the allure; second, Madoff championed reforms that ironically ruined his own original trading strategy.
It’s a very good list, and I recommend reading the entire post.