When the Madoff business hit the news we wrote about “trading Madoff.” Now that Madoff has been sentenced to 150 years (but not life) it is appropriate to visit the issue. There are two sides to this. First, there are a lot banks with a possible failure of due diligence as trustees of their clients’ [...]

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Just the other day there was popup ad on the internet by a law firm soliciting clients in the matter of Bernard Madoff. It seems that the law firm is alleging a failure to exercise due diligence by a number of banks which placed their clients’ trust money with what may turn out to have [...]

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