2min chapter

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69. The Scheme (Bernie Madoff)

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CHAPTER

Burney Madoff Market Performance Is Impossible

In 19 99, frank casey, the vice president of marketing at rampart investment management company, a boston investment firm, became aware of bernard l madoff. Casey's job was to develop and market new financial products to lure new investors into placing their money with rampart. He demanded that ramparts resident math geniuses reverse engineer madoff's hedge fund strategy and replicate his results in order to create a competing product. Harry marka polos, a chartered financial analyst at rampart, was assigned the task. Marca polos sdeamed burney madoff market performance impossible. The line ascended at roughly a forty five degree angle, smooth and steady, exped

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