This link from Clusterstock is interesting:
http://clusterstock.alleyinsider.com/2008/12/i-knew-bernie-madoff-was-cheating--thats-why-i-invested-with-him
In the article, the writer says that the "smart money" knew that Madoff was cheating, but they didnt realize what kind of cheating he was doing.
Monday, December 15, 2008
Interesting Story About Madoff Fraud
Labels:
commercial real estate,
fraud,
investors,
madoff,
ponzi scheme,
wall street