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23 Dec 2008
As Madoff admitted his firm was “just one big lie” and “basically a giant Ponzi scheme”, SEC chairman Christopher Cox launched an investigation into why the agency did not act on warnings about Madoff’s activities as early as 1999, which could now cost his investors around $50bn.
Nicola Horlick vehicle Bramdean revealed that 0.15% of its funds under management were with Madoff’s firm and that two of its holding companies have trading accounts with Madoff’s firm, representing around 9.5% of its net asset value at 31 October 2008.
Bramdean quietly removed its website blurb about “robust and thorough due diligence” being “at the heart” of its investment strategy.
Stephen Spielberg's charity, Wunderkinder, is another victim of the fraud.
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Financial Director's panel of experts looks at the key pressures facing FDs and examines how they can deploy their ERP system in the most effective way
FDs should be inventive about how they use assets to fund their company pension schemes
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8.30am, 14 Jun 2012
The Financial Director Summit 2012 will provide a unique platform in which to share, compare and contrast experiences whilst learning and networking with peers
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