Fairfield made $135 million dollars this year alone with Madoff
After reading in Bloomberg the enormous commissions that Fairfield was making selling fraudulent products, I more firmly believe now that it is imperative that Fairfield, Santander and all others who sold Madoff products at least return the commissions they made. One thing is to claim to clients you cannot return their money from funds you recommended, but another much worse one is to keep their commissions.
Posted on Micro | 7:18 pm
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Posted by Mike Sax - December 15, 2008 10:08 pm - #
Martin, I think you should consider writing an op-ed about this for the WSJ or the NYT. It’s an excellent point.