B. Did the board of trustees understand Madoff’s investment philosophy and methodology? Did it review offering documents?
Did it regularly review quarterly reports? C. Was Madoff present during the decision process?
Did he recuse himself from the decision? D. Did the board of trustees ever question Madoff’s stellar record?
That record was so stellar that many shied away from investing with Madoff because they did not believe such returns were possible. An article in today's Wall Street Journal demonstrates that Madoff's claimed strategy would have been impossible to execute given the size of Madoff's fund. Tom Lauricella, Aaron Luchhetti, and Amir Efrati, Madoff Ran Vast Option Game: Firm to Shut, Wife's Role Questioned; Volume Made Strategy Impossible, Traders Say (Dec. 9, 2008).
It points out that the paper record suggests that Madoff claimed to purchase more option contracts on a given day than were traded on the exchange. On the surface, this was a straightforward example of the ... more.
I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.