The Madoff Scandal

[Riot]

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.

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