Fund scams Lessons
Anti-HF - Illegal Schemes
Madoff - con game - customers lined up to profit from high returns!
Madoff was not technically a hedge-fund manager, but he acted like one. His fund’s eerily consistent strong performance and his reputation as an investment hotshot attracted lots of money, and many investors who were convinced Madoff had an edge.
However, other managers were skeptical that his returns indicated something was very fishy.