Comments on: Breaking Down Bernie Madoff

By: Madoff Money « DanPhelan’s Risky Blogness

Madoff Money « DanPhelan’s Risky Blogness — Fri, 20 Mar 2009 19:17:41 +0000

[...] post right after the Madoff news broke about the software that made the whole scam work. Breaking Down Bernie Madoff. Haven’t seen anything come of this theory yet, but it raises a very interesting point [...]

By: Beverly Dowdy

Beverly Dowdy — Fri, 20 Feb 2009 15:32:35 +0000

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By: chenmeiying

chenmeiying — Fri, 20 Feb 2009 07:30:47 +0000

http://www.2uaj.com

By: ralphdaugherty

ralphdaugherty — Thu, 05 Feb 2009 03:27:40 +0000

sj, sorry about seeing this late if you hapepn to come back and check this occasionally.

The list was interesting. Some I didn’t see any details on because not
a member of linkedin but those I saw were all networking except for one
programmer. He’s a former consulatnt at GALE where the head of trading
technology at Madoff was CEO in 2001. So basically everything was 19th
floor as far as I can tell.

One guy there was in networking there since 1993 though. That would be
before the 17th floor was turned into Madoff’s advisory operation. Before
that it was called the Cage and archived records.

He would know a lot. He’s been gone since 2005. I think it said he is
an HP network specialist now.

Thanks for the list.

By: JAZD Tech

JAZD Tech — Fri, 30 Jan 2009 18:16:15 +0000

It doesnt matter what platform or software he used to deceive his
unsuspecting clients. He still did it, he is guilty and apparently
not as smart as many say he is.

By: Chilipepr

Chilipepr — Wed, 28 Jan 2009 16:57:12 +0000

Most hedge funds use an “Allocation” system to produce statements
for investors. They just take in some profit and loss from an
“accounting” system and allocate them to the Limited Partners. There
is no need for there to be faulty software, you just feed bad data
into the allocation system and you get bad statements. GIGO.

By: Anonymous

Anonymous — Wed, 28 Jan 2009 01:48:07 +0000

There is just no way he did this by himself

By: Justdriving

Justdriving — Tue, 27 Jan 2009 15:46:16 +0000

How come they have not used the ricco statutes this is realy organised crime

By: David

David — Tue, 27 Jan 2009 03:46:27 +0000

Dear Mr.Cuban,I know you are a very busy man,but if i could pick your brain for 2 minutes or even a quick email,i would greatly appriciate it.
Thank You,
Dave
P.S.Please dont hold it against me that i am a Knicks fan,its hard enough.

By: robato kun

robato kun — Tue, 27 Jan 2009 01:37:39 +0000

He didn’t need any fancy software because he didn’t have to break down the returns for people. It isn’t like a 401k or an IRA, as Madoff had no obligation to disclose any particulars to investors. I suspect there was no software. He wrote the stuff by hand and had someone fill in the blanks. This is why hedge funds as currently operated are going the way of dinosaurs.