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


To: anniebonny who wrote (105844)1/19/2009 3:41:19 PM
From: scion  Respond to of 122089
 
Although the qualifications of each of the family members to fulfil the roles they performed is not in question, it is interesting that not one of them ever worked for a larger Wall Street firm, where the checks and balances that go with modern money management would have been firmly on display.

Instead, the Madoff market-making business ran like a club, where members of the family appeared to be freely admitted.

"What makes it fun for all of us is to walk into the office . . . and see the rest of your family sitting there. That's a good feeling to have. To Bernie and Peter, that's what it's all about,'' said Mark in an interview in July 2000.

None of the Madoff family - other than Bernard - is under investigation.


telegraph.co.uk