Madoff and the Media

There’s no denying that the scandal surrounding Bernard Madoff’s hedge fund is a big deal. Whether the alleged fraud is $50 billion, or $17 billion or even $10 billion, the damage is immense. And the fact that this alleged Ponzi scheme was carried out by a long-time Wall Street fixture is another blow to investor confidence at a time when confidence is in such short supply.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.