http://www.compliancebuilding.com/2009/11/03/how-did-madoff-go-bad/ Doug Cornelius on compliance and business ethics for private equity real estate Sun, 12 Feb 2012 13:01:08 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.compliancebuilding.com/2009/11/03/how-did-madoff-go-bad/comment-page-1/#comment-2523 Web Watch: Best Blog Posts and Columns For the Week Ending Nov. 6, 2009 Fri, 06 Nov 2009 21:43:42 +0000 http://www.compliancebuilding.com/?p=4749#comment-2523 [...] How Did Madoff Go Bad? (Compliance Building) Compliance Building | November 3, 2009 For me, one of the issues with Madoff was “What made him go bad?” Personally, I don’t think he intended to start off with a Ponzi scheme. Most Ponzi schemes start off legitimate, then something goes wrong. They fudge the returns hoping to make it up later. Those later returns are elusive and the promoter keeps the lie going. According to an SEC interview, that is what happened to Madoff. [...] [...] How Did Madoff Go Bad? (Compliance Building) Compliance Building | November 3, 2009 For me, one of the issues with Madoff was “What made him go bad?” Personally, I don’t think he intended to start off with a Ponzi scheme. Most Ponzi schemes start off legitimate, then something goes wrong. They fudge the returns hoping to make it up later. Those later returns are elusive and the promoter keeps the lie going. According to an SEC interview, that is what happened to Madoff. [...]

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