Mar 18, 2009

Madoff, SEC or You

I wonder if any of the Madoff victims were upset with the SEC when they thought their accounts were growing, consistently and implausibly, 15% YoY for 5, 10, 15 years?

I wonder if any of them proactively went to the SEC to complain that this guy was making them too much money by outperforming major indices consistently?

That would be a good story, but as it is people who thought they were flush were strangely silent and all too happy NOT to complain until that is they found out they weren't flush.