In 1999, Greenberg returned to work as a stock broker and received special permission to stay with Madoff even though the firm usually forbade its brokers from having outside accounts. But when the firm contacted Madoff to ask for documents related to Greenberg's account, with the aim of preventing conflicts of interest, Madoff called Greenberg, she recalled. He was angry and told her she must resign because he would not manage accounts for other brokers. She refused; he terminated her account.Ya think? And didn't Bernie's investment returns seem more than a bit suspicious? So sorry you lost your money.
After retiring, Greenberg said she did "something stupid" and reinvested her money with Madoff. In hindsight, his insistence on secrecy should have raised red flags, she said.
Tuesday, December 16, 2008
A Houstonian loses big.
Posted by Lou Minatti at 6:00 AM