From the time Madoff was arrested on December 11th until today, and no doubt continuing on into the foreseeable future, there have been and will be those who say the victims were at fault for investing with Madoff. For one reason or another, the victims should have known better, is the attitude. This is in some ways curious, not just nasty, vengeful and wrong.
Just to take my own case as an example of what I think was typical of many people, I had no idea, and had no reason to think or understand, the things that gave pause to some Wall Street insiders who had the knowledge and capacity to do extensive due diligence, Wall Street insiders who were aware, as the average investor was not:
that on Wall Street itself rumors were rife that something was not right at Madoff;
that for various reasons it seemed quite possible to Wall Street insiders that Madoff was not buying and selling securities, as he claimed to be doing, and that his supposed trades and positions could not be � ���"seen� �� � in the markets, where they should have been � ���"visible� �� � if he was trading the huge volumes he claimed;
that there were not enough options in the world to support his claimed trading, and people who traded options said they had not been doing business with Madoff;
that his accountant was a one man shop;
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