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MoneyAg

03/12/09 10:38 AM

#14411 RE: lwest #14409

I'm a Financial Planner. We looked at Madoff 2 years ago and declined. The red flags weren't that hard to spot.
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Fancy Girl

03/12/09 2:28 PM

#14416 RE: lwest #14409

It's because of who he is/was. Mr. Madoff has made a name for himself on Wall Street, gained the trust of the powers that be and they turned a blind eye to his misdeeds at the expense of his victims. I am a public retirement administrator. We looked at a feeder fund that was involved with Madoff a few years ago and pulled out because we were concerned about the fund. If you perform DD properly, you will recognize the red flags.