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Madoff Investment Scandal: Participants in the Madoff Investment Scandal, Bernard Madoff, Recovery of Funds from the Madoff Investment Scandal

Madoff Investment Scandal: Participants in the Madoff Investment Scandal, Bernard Madoff, Recovery of Funds from the Madoff Investment Scandal


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About the Book

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 45. Chapters: Participants in the Madoff investment scandal, Bernard Madoff, Recovery of funds from the Madoff investment scandal, Harry Markopolos, Fairfield Greenwich Group, James Harris Simons, Frank DiPascali, Cohmad Securities, Prince Michael of Yugoslavia, Robert Jaffe, Ira Sorkin, David G. Friehling, Fred Wilpon, Bank Medici, Sonja Kohn, Barbara Picower, Irving Picard, No One Would Listen: A True Financial Thriller. Excerpt: Connection Timeout Investigators are looking for other participants in the Madoff investment scandal besides Bernard Madoff who were involved in the Madoff investment scheme, despite Madoff's assertion that he alone was responsible for the large-scale operation. Harry Sussman, an attorney representing several clients of the firm, stated that "someone had to create the appearance that there were returns," and further suggested that there must have been a team buying and selling stocks, forging books, and filing reports. James Ratley, president of the Association of Certified Fraud Examiners said, "In order for him to have done this by himself, he would have had to have been at work night and day, no vacation and no time off. He would have had to nurture the Ponzi scheme daily. What happened when he was gone? Who handled it when somebody called in while he was on vacation and said, 'I need access to money'?" "Simply from an administrative perspective, the act of putting together the various account statements, which did show trading activity, has to involve a number of people. ... You would need office and support personnel, people who actually knew what the market prices were for the securities that were being traded. You would need accountants so that the internal documents reconcile with the documents being sent to customers at least on a superficial basis," said Tom Dewey, a securities lawyer. Stanle...


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Product Details
  • ISBN-13: 9781233095056
  • Publisher: Books LLC, Wiki Series
  • Publisher Imprint: Books LLC, Wiki Series
  • Height: 246 mm
  • No of Pages: 46
  • Spine Width: 3 mm
  • Weight: 100 gr
  • ISBN-10: 1233095056
  • Publisher Date: 19 Aug 2011
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Sub Title: Participants in the Madoff Investment Scandal, Bernard Madoff, Recovery of Funds from the Madoff Investment Scandal
  • Width: 189 mm


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