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Originally Posted by SCUDSBROTHER
Gov't was partially responsible for ignoring this fraud(when told about it.) I agree that investing has risks, but this wasn't simply a case of bad investing(it was fraud that they should have been protected from.
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There were plenty of money managers that looked at investing with Madoff, and saw it wasn't a good idea. Yes, he wasn't investigated when he should have been (when he was first reported), absolutely - but anybody who did basic due diligence didn't invest with him.
When a Nigerian Prince asks you for money, you really shouldn't hand it over
