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.

Follow Martin Varsavsky on Twitter: twitter.com/martinvars

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Mike Sax on December 15, 2008  · 

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