Question: That investment manager Bernard Madoff s hedge fund Ascot Partners was

That investment manager Bernard Madoff’s hedge fund Ascot Partners was a giant scam will likely be the finance story remembered from the last decade. It is estimated that Madoff stole an estimated $50 billion from noteworthy individuals and institutional investors, and he covered the crime by creating fictional financial statements for each investor. If you were an institutional investor, how might employing scientific attitude and scientific method have protected your organization from this Ponzi scheme?

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  • CreatedSeptember 17, 2014
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