Dec 20, 2008
Madoff's scheme extended to San Marino
The investment scheme put in motion by Bernard Madoff reached around the world, according to a New York Times investigation, so perhaps it's no surprise that it has at least one link to the exclusive city of San Marino, a bastion of wealth in the western San Gabriel Valley and a gateway to trade with Asia. According to the article, Matthew Brown, son of a former San Marino mayor, did marketing for an investment firm that did big business with Madoff and helped him attract Asian investors.
Labels:
bad decision-making,
bernard madoff,
san marino,
scam
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1 comment:
The former mayor is Betty Brown, still serving on the city council as vice mayor.
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