The former chairman of the Nasdaq and founder of Bernard L. Madoff Investment Securities racked up $50 billion of fraudulent losses. Yes that's billion with a "B".
Jim Vos, principal at Aksia, had advised clients not to invest with Madoff. Aksia is a company that provides due diligence research about hedge funds to ensure that investment money is safe. Let's assume I want to invest in Treasury bonds issued by what is becoming a giant hedge fund, the US Government. Can Aksia audit the government to make sure my investments are safe?
Sunday, December 14, 2008
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment