{"id":9515,"date":"2008-12-30T00:00:00","date_gmt":"2008-12-30T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"madoff-scandal-doesnt-justify-clampdown","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2008\/madoff-scandal-doesnt-justify-clampdown.html","title":{"rendered":"Madoff scandal doesn&#8217;t justify clampdown"},"content":{"rendered":"<p>UnionLeader.com &#8211; For sheer toe-curling embarrassment, it may be a while before Wall Street does better than the Bernard Madoff scandal. Here was a rogue who practically telegraphed his unreliability by hiring a tiny, no-name audit firm, by reporting monthly investment results that never fluctuated and by claiming a trading strategy that could not possibly have been implemented given the billions of dollars he managed. <\/p>\n<p>And yet, despite these warnings, the rich, the famous and the supposedly sophisticated entrusted their money to Madoff, who defrauded them with the most laughably crude of methods &#8212; an old-fashioned Ponzi scam. <a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.theunionleader.com\/article.aspx?headline=Sebastian+Mallaby%3a+Madoff+scandal+doesn%27t+justify+clampdown&#038;articleId=3ae1dd0e-2618-4972-8187-21599f66a760\"><\/a><\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.theunionleader.com\/article.aspx?headline=Sebastian+Mallaby%3a+Madoff+scandal+doesn%27t+justify+clampdown&#038;articleId=3ae1dd0e-2618-4972-8187-21599f66a760\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>UnionLeader.com &#8211; For sheer toe-curling embarrassment, it may be a while before Wall Street does better than the Bernard Madoff scandal. Here was a rogue who practically telegraphed his unreliability by hiring a tiny, no-name audit firm, by reporting monthly [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[4804,4331,4807,245,4805,48,4803,4590,4806,4464],"class_list":["post-9515","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-regulation","tag-audit-firm","tag-bernard-madoff","tag-billions-of-dollars","tag-embarrassment","tag-investment-results","tag-money","tag-ponzi-scam","tag-scandal","tag-trading-strategy","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9515"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9515\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}