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(*) Opalesque Note: Only in 2006, as part of an SEC investigation following the Markopolos filings (see below), Madoff registered his investment-advisory business with the SEC.
By Matthias Knab: In this article we are presenting two outstanding documents relating to the Madoff case. The first one, Harry Markopolos' submission to the SEC from November 7th 2005, was already "flying" around the internet Friday afternoon in the U.S., we have still included here at prominent place in case you have not seen in. It will make a good read.
The second document is from Peak Partners, a Geneva-based fund of funds, which shares step by step how one of their Partners, despite the "total lack of transparency" of the Madoff operation, was able to come to the right conclusions following the "mosaic theory", where one patiently gathers external, factual information and eventually reconstructs the puzzle.
Harry Markopolos' Submission to the SEC: "The World's Largest Hedge Fund
(*) (Madoff Investment Securities LLC) is a Fraud" from November 7th 2005
"Opening Remarks:
I am the original source for the information presented herein having first presented my rationale, both verbally and in writing, to the SEC's Boston office in May, 1999 before any public information doubting Madoff Investment Securities, LLC appeared in the press....I used the Mosaic Theory to assembly my set of observations. My observations where collected first-had by listening to fu...................... To view our full article Click here
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