Replies to post #436 on Bernard Madoff $50 Billion Ponzi Scheme

[DragonBits]

Jeff, Madoff didn't call what he ran a hedge fund, even though it looked a lot like a hedge fund. So he wouldn't be on that list, and in fact he would want to avoid any lists. To avoid too much scrutiny.

I don't think there are any lists of well respected money manager. Before 2006 they didn't even have to register. Most are going to be honest even if they might make a few foolish decisions. That is what it appears with this Thierry de la Villehuchet who commited suicide.

Let me ask, why should we care who is a fraud? It isn't like I am investing with any of these types. To really investiagate them you would need to viist them, get their info, look into as much as you could. They aren't going to be telling us anything on the phone.

There might be a few small ones left, but with this bear market how can there be many ponzi schemes left? Investors ask for their money back, they don't even have enough to return 20%, bang, they turn up as a fraud.

EDIT: Ponzi schemes are typically affinity schemes spread by word of mouth.