Part 8/10:
A crucial component of Madoff's success was the involvement of several feeder funds, which funneled billions of dollars into his operations. Notably, the Fairfield Greenwich Group reaped enormous financial rewards for their role in promoting Madoff's supposed investment prowess. However, as investigations would eventually reveal, these firms failed to conduct adequate due diligence, neglecting their responsibilities in favor of lucrative fees accrued from client investments, which resulted in devastating losses when Madoff’s scheme collapsed.