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Red Flags Didn't Stop Colossal Madoff Fraud

Steady returns, tiny auditors prompted questions

By Matt Cantor, Newser Staff

Posted Dec 13, 2008 10:58 AM CST

(Newser) – Bernard Madoff's investment operation—found this week to be a massive Ponzi scheme that lost as much as $50 billion—raised plenty of red flags over the last decade, the Wall Street Journal reports. As far back as 1999, Madoff’s steady returns in wide-ranging... Read full story »

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Red Flags Didn't Stop Colossal Madoff Fraud

Steady returns, tiny auditors prompted questions

Wall Street • SEC • hedge fund • Ponzi scheme • auditor • securities fraud • defrauding investors • Bernard Madoff

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More Newser Stories

SEC Under Fire for Flubbing Madoff Warnings

Judge liquidates confessed fraudster's investment firm

Madoff Brother Eyed for Not Reporting Scam

Fraudster may have confessed to brother before he told his sons

Jail Ruling Looms After Madoff's Bling Gifts

Prosecutors charge he violated bail by scattering assets

Ex SEC Official's Marriage to Madoff Niece Investigated

Fraudster bragged of family ties to SEC

SEC Chief Says His Staff Ignored Madoff Warnings

Cox calls actions 'deeply troubling'

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