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UBS - Madoff - they knew!!!
Internal Administrator
Posted: Saturday, August 13, 2011
Joined: 10/12/2010
Posts: 5780


Posted: 11/10/2009 12:53:09 AM

By: froggy

Internal document from UBS Luxemburg, published in a French paper and reprinted in Swiss Le Temps, show that UBS knew about the involvement of Madoff in all stages of the funds, sub-funds and conduits... UBS allegedly modified the prospectus to clients so that it does not reflect the situation... Madoff in the prospectus becomes UBS Third party management (in the internal memo it is Madoff)...This change helped pass muster with Lux Supervision body..


 

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