Madoff's Gift to Investors

For all of the pain Madoff caused, he left others with a lasting legacy, namely the importance of doing your due diligence and looking for the red flags in the relationship. His case personified many of the things that any investors considering a money manager should have worried about all along; now, they're aware of the cost of ignoring the problem. One thing that has not been discussed much in the wake of Madoff's fraud is why investors were so trusting. The guy didn't send regular investment statements, seldom talked to investorsâ

By Chuck Jaffe
Chuck Jaffe is a senior columnist and host of two weekly podcasts at MarkWatch. He has also been a guest speaker on several television and radio shows.

Copyrighted 2020. Content published with author's permission.

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