"With regard to your excellent comments on Madoff, very few bring up the fact he had CUSTODY; if he did not have custody, a lot of this would not have happened. In addition another straightforward question to ask, is who is your CPA? A cursory examination would have shown a small firm without any credentials not domiciled where he did business.

"Thanks for your excellent work."

David Fuller's view Thank you, and not least for these excellent points. A fund's prospectus is required to list details of custody and the certified public accountant (auditor). Therefore any investor can and should include these vital details in their due diligence, not least when performance beggars belief.