Tuesday, December 16, 2008

Castle Hall on Madoff

*Castle Hall has never conducted due dilligence on the Madoff Organization

In a recent post on their company's website, Castle Hall lines out what makes the Madoff case so different from other hedge funds with regard to fraud. Madoff was the only one who produced documents that had clear numbers of the client's earnings; making it very easy to lie to his investors. This was unlike any other hedge fund, thankfully.

But why would anyone follow this man? Why did no one, until recently, ring the bell on his inepitude?

For the rest of the Castle Hall post, please click here.

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