| How Madoff changes asset management |  |  |  |
| Philippe Carrel | |
| Written by Philippe Carrel | |
Tuesday, 06 January 2009 ... the Madoff scandal ..., another Enron or Parmalat ... the most respectable fund managers, private bankers and wealth managers find themselves trapped in a basic Ponzi scam questions the integrity of the entire investment chain: Custodians, administrators, auditors, and obviously regulators. The duration of the fraud in particular is deeply shocking, which reveals a truly dysfunctional system. | |
http://www.reuters.com/article/entertainmentNews/idUSTRE50E72A20090115
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