The Importance of Being Diligent | 2013 February

The Importance of Being Diligent

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From the monthly archives: "February 2013"

Case N.10 K1

On February 11, 2013 By Shinya Deguchi

Prozess gegen Millionenbetrüger

A Ponzi scheme in Germany orchestrated by a former psychologist was the largest fund of hedge fund fraud in the history. Helmut Kiener is now called mini-Madoff for successfully running the $500 mm fraud over the 12 years in which several large financial institutions were trapped. What are the lessons learned for diligent investors from this tragedy?

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