Madoff's annual returns were unusually consistent,around 10%, and were a key factor in perpetuating the fraud. Ponzi
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The Swiss bank Union Bancaire Privée explained that because of Madoff's huge volume as a broker-dealer, the bank believed he had a perceived edge on the market because his trades were timed well, suggesting they believed he was front running.
what was the monthly average return and how long did the monthly average return last?
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Business Statistics a decision making approach
ISBN: 978-0133021844
9th edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
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