Getting your player ready...
NEW YORK — In the late 1990s, executives at the financial advisory firm Ivy Asset Management decided something about Bernard Madoff didn’t add up and began urging clients to back away from the man later revealed to be the greatest fraudster.
Those warnings weren’t loud enough, New York’s attorney general now says. The state sued Ivy and two of its former executives Tuesday, claiming they had “disturbing” evidence years ago that Madoff was lying about his investment methods but played down those suspicions because they feared losing management fees.
