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Vacations Are Key

Want support for your theory that 'ole Bernie couldn't have done it alone? The guy loved his vacations, and yet the firm apparently provided clients with trade-by-trade reconciliation of returns. Someone had to be doing all that backtesting to come up with trades that fit the numbers, and that's probably not as simple when you are in the South of France for months at a time.
Madoff Scheme Was 'Impossible' to Do Alone, Says EIM's Busson [Bloomberg]