Tag Archives: Madoff

3 Quick Lessons from Bernie, Jon, and Russell

Posted on July 16, 2012 by Gary R Schirr

Investors lost money in three recent frauds: Madoff, MF Global, and Peregrine. Are there lessons for a careful investor from these debacles. Three quick lessons come to mind. Don’t trust the SEC – they are clueless. Barron’s had run an … Continue reading →

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The Lonely Whistle-blower

Posted on January 23, 2009 by Gary R Schirr

Several loyal readers have suggested that I stay on topic — service innovation — and not revisit the Madoff tragedy. They are correct: it is best not to dilute the brand on this blog. However… one quick link for those interested. I … Continue reading →

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Fiduciary Responsibility and Due Diligence

Posted on December 18, 2008 by Gary R Schirr

The big story is not how Bernie Madoff with the money; Ponzi schemes are not that uncommon although the scale of this one is awesome. The BIG story in the Madoff affair is the role of fiduciaries.   At first B.M. fit model of the standard Ponzi … Continue reading →

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Creative Finance and Bernie

Posted on December 17, 2008 by Gary R Schirr

This is a bit far afield for this blog, but I suppose B.M. was engaged in “creative finance” as well as “creative accounting.” I spent a couple decades in finance before joining academia so I knew the Madoff name and am … Continue reading →

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