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That investment manager of Bernard Madoff's hedge fund Ascot Partner was a giant scam that will likely be the finance story remembered from the last decade. It is estimated that Madoff stole an estimated $50 billion from noteworthy individual and institutional investors, and he covered the crime by creating fictional financial statements for each investor. If you were an institutional investor, how might employing scientific attitude and scientific method have protected your organization from this Ponzi scheme?

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