“La Villehuchet decided to introduce the strategy to his well-heeled European clientèle in 2002. He brought Markopolos along to explain the strategy to prospective clients. Nearly every client to whom La Villehuchet pitched the idea was already invested with Madoff. And Markopolos noted a disturbing trend in meeting after meeting. The investors they met with all told them that Madoff was no longer accepting new investments, but that they had a special relationship with him and he’d made an exception for them.”
Our editor-in-chief takes a look at one of the oddest and saddest couples in financial history, in the latest issue of Carnet Atlantique.