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bernard madoff

   

The Madoff Name Premium

by Flexo on November 16, 2009. Wealth and Affluence 1 comment.

On Saturday, an auction in New York featured items once owned by Bernard Madoff. The auction raised over $900,000, beating expectations. Once combined with proceeds from another auction later this week, it’s likely that this money will go to investors who were burned by Madoff’s Ponzi scheme. Here are some of the items that received ... Continue reading this article…

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Three of the Largest Closed Hedge Funds are “Madoff Feeder Funds”

by Flexo on March 19, 2009. Investing Add a comment.

Last year, hundreds of hedge funds, special mutual funds generally open to wealthy investors which specialize in alternative investments like derivatives, shut down due to the economic crisis. Three of the ten largest hedge funds to close were funds that invested exclusively or almost exclusively in Bernard Madoff’s Ponzi scheme, leaving investors with nothing. ... Continue reading this article…

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Investors in Bernard Madoff’s Ponzi Scheme

by Flexo on March 13, 2009. Investing 22 comments.

Bernard Madoff is on his way to jail, having plead guilty to defrauding investors in a massive Ponzi scheme. While his victims thought they were investing with a legitimate manager, Madoff simply deposited clients’ money in a Chase Manhattan bank account and paid “returns” to earlier investors from the contributions of newer investors. The ... Continue reading this article…

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Should Investors Who Profited From Madoff Scheme Return Their Money?

by Flexo on January 15, 2009. Investing 10 comments.

Consumerism Commentary readers: Please complete this readership survey for a chance to win a $50 Amazon.com gift card! It may be true that everyone who invested with Bernard Madoff without knowing the extent of his scheme was a victim, but some investors have profited from Madoff’s plan. For example, assume an investor gave $1 million to ... Continue reading this article…

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