Home -> Law Blog Directory -> Criminal Law Blogs -> SECLaw.com

Criminal Law

: SECLaw.com

A Telling Look At Who Didn't Invest in Madoff

By Mark H. Astarita, Esq.

div xmlns="http://www.w3.org/1999/xhtml"This fraud is going to be as much about the lack of due diligence as it is about span class="blsp-spelling-error" id="SPELLING_ERROR_0"Madoff's/span fraud, his compliance officer marrying an SEC attorney who investigated the firm, and his $65 haircuts.br /br /It is going to be about the apparent lack of due diligence by the individuals who invested in span class="blsp-spelling-error" id="SPELLING_ERROR_1"Madoff/span, and those who recommended the investment.br /br /As the story develops it appears that we are going to find completely inadequate due diligence, flagrantly fraudulent account statements, and a lack of follow up by investors and their other advisers.br /br /I have been convinced of that since the start of this story, and my conviction is gaining strength every day...continue to full post

Full post as published by SECLaw.com on December 17, 2008 (boomark / email).