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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: scion who wrote (105808)1/17/2009 12:51:23 PM
From: scion  Respond to of 122087
 
The accountants soon learned that Avellino & Bienes did not keep conventional books, only the basic ledgers necessary to prepare tax records. Price Waterhouse then asked Mr. Avellino to put together records for 1992. He declined.

"My experience has taught me to not commit any figures to scrutiny when, as in this case, it can be construed as ' bible' and subject to criticism," Mr. Avellino wrote somewhat ungrammatically. "In this present instance, quite severely. I explained how the profit and loss can be computed from the records you now hold in your possession that Bernard L. Madoff and I supplied."