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Sunday, August 9, 2009

Erin Arvedlund: New Benie Madoff book


Erin Arvedlund indicates the Deutsche Bank was on to Madoff because his hedge fund was profitable year after year in a high risk business. The financial meltdown is what outed him.

Madoff had opened an office in London and bought two yachts in the UK. He was engaged in money laundering from his London office. .



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2 comments:

Admin said...

I think Madoff is one of the biggest fraudsters of all times. Isn't it?

Unknown said...

Yes, he is. There are plenty of these people in the US and most of them are conservative.