Word: statement
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...then funnel the money they received from investors to Madoff. Unlike Madoff's, all the firms running feeder funds had well-known accounting firms listed as their auditors. So, for instance, when investors put money in the Rye Select Broad Market fund, one of the largest Madoff feeders, its statement said that their investments had been audited by KPMG...
...fact, it now appears KPMG, along with the other auditors of the Madoff feeder funds, did very little to ensure investors weren't being ripped off. Observers say it's likely that all the accounting firms did was check the statements that Madoff himself produced. In the 64-page document Rye Select sent to all its potential investors is the statement "Valuation provided by the counter party affiliate [Madoff] will not be subject to independent review...
...attempting to remove a lock from a bicycle in a conversation allegedly “laced with obscenities.” The man turned out to be a Boston area high school student working at Harvard for the summer. HUPD spokesman Steven G. Catalano said in an e-mailed statement that HUPD would not “speculate on the process” but his department is looking “forward to any recommendations generated by [the] process that will help ensure the HUPD remains as effective as possible.”University officials similarly said that they were...
...contacts I wouldn’t otherwise have had because of the events I attended, but I didn’t feel like the process was any less challenging than it otherwise would have been,” Alexander, who is currently studying abroad, wrote in an e-mailed statement...
...pretty good aim. If it weren't for the President's quick duck and weave, he might have had more than just a surprised look on his face. "So what if a guy threw his shoe at me?" Bush said, brushing off the incident. Perhaps we should chalk that statement up as yet another of the President's cultural misunderstandings of Iraq. (See the top 10 awkward moments...