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1. Cliff Gerrish

   Madoff never filed more tha 1 Billion in his 13F filings. Something really doesn't add up.

   Monday, 15-Dec-08 14:54:07 UTC from Twhirl
   • Dan MacTough

     @cgerrish He claimed that he liquidated most investments at the end of each quarter.

     Monday, 15-Dec-08 14:54:50 UTC
   • Cliff Gerrish Dan MacTough

     @danmactough But how do you lose 50 Billion if you keep the totals below 1Billion?

     Monday, 15-Dec-08 14:56:14 UTC
   • Dan MacTough

     @cgerrish That $50 B was over many years. Somehow (and this is an impressive feat) he was able to sustain payouts while losing money.

     Monday, 15-Dec-08 14:58:27 UTC
   • Warner Crocker

     @cgerrish If you can figure out the Madoff thing you'll be 10 steps ahead of most.

     Monday, 15-Dec-08 15:10:45 UTC
   • Karoli

     @cgerrish we had a guy out here do the same thing...assume the filings are incorrect, and that it was a pyramid.

     Monday, 15-Dec-08 15:16:49 UTC