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Don't Hire the Next Bernie Madoff: Red Flags to Look For
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Don't Hire the Next Bernie Madoff: Red Flags to Look For

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Don't hire the next Bernie Madoff! There are plenty of red flags to be on the alert for when meeting new investment advisors. Ask plenty of questions and make sure you feel comfortable before making a …

Don't hire the next Bernie Madoff! There are plenty of red flags to be on the alert for when meeting new investment advisors. Ask plenty of questions and make sure you feel comfortable before making a decision.

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  • 1. Mullooly Asset Management Podcast August 28, 2013 Mullooly Asset Management August 2013
  • 2. About Bernie Madoff Owned a brokerage firm Also owned an Investment Advisory firm One time Chairman of the NASDAQ Maintained an air of exclusivity Mullooly Asset Management August 2013
  • 3. What Happened? Perpetuated a fraud over many years “Produced” unusual returns (11% per year) Ponzi scheme – new money paid out requests for cash Mullooly Asset Management August 2013
  • 4. Don’t Let This Happen to You What are the investment returns like? Can you check the account online? Who do you make checks out to? Mullooly Asset Management August 2013
  • 5. None of the securities mentioned in this (or any) podcast or video represent past specific recommendations of Mullooly Asset Management. This video is NOT a recommendation to buy or sell any of the securities mentioned here. If you’re relying on a podcast for investment advice, you are likely making a huge mistake. We strongly urge our listeners to consult with their investment advisor before they make a decision to buy or sell any investment. Mullooly Asset Management August 2013
  • 6. Mullooly Asset Management, LLC support (at) mullooly (dot) net 732-223-9000 www.mullooly.net Mullooly Asset Management August 2013
  • 7. Mullooly Asset Management, LLC support (at) mullooly (dot) net 732-223-9000 www.mullooly.net Mullooly Asset Management August 2013

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