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It'll be interesting to see if the regulators really do accept that Madoff acted alone; I personally think it's extremely unlikely. There must have been a hack
by madmanslitany 18y ago
It'll be interesting to see if the regulators really do accept that Madoff acted alone; I personally think it's extremely unlikely. There must have been a hacker somewhere in his office helping him, because the investors received very detailed reports regularly showing what securities Madoff's "algorithms" had traded on their behalf. Obviously, there weren't quants and hackers back there making a real trading system, but still, somebody must have built up a lot of automation to keep those reports going. Supposedly the prices on the trade confirms did match the actual market prices on the trade settle dates.