lessons from maqdoff fraud fall 2009

NEWS RELEASE

Immediate: November 13, 2009 Media Contact: Alicia Steger: 516.572.9634 E-mail: alicia.steger@ncc.edu

The Fall 2009 Nassau Community College Cultural Program Presents "Lessons from the Madoff Fraud" - Investment Manager Frank Casey Frank Casey

December 7

Garden City, NY – The Fall 2009 Cultural Program at Nassau Community College is proud to host "Lessons from the Madoff Fraud" with investment manager Frank Casey on Monday, December 7 at 3:30 p.m. in the College Center Building. Casey began blowing the whistle to the Securities Exchange Commission (SEC) on Bernard Madoff’s Ponzi scheme in May 2000.

Frank Casey has garnered broad capital and derivative markets knowledge over his long career. Upon leaving the army in 1974, he joined Merrill Lynch to serve as a risk manager specializing in equity, oil and metals derivatives hedging. In 1982 he joined Prudential Securities to innovate bank risk management in the nascent mortgage origination/MBS (mortgage backed security)-pipeline arena. Having thus made a name for himself in the financial industry, Casey then formed his own investment management firm and later served in Rampart Investments. While there, in 1998, along with portfolio managers Harry Markopolos and Neil Chelo, he began blowing the whistle to the SEC on Bernard Madoff’s Ponzi scheme, to no avail.  In 2001, Casey helped build a hedge fund of funds, Benchmark Plus, growing assets tenfold to over $2 billion through 2007.  After that, he joined Fortune Group as its USA President in March 2008 to establish North American joint ventures offering customized hedge fund portfolio management solutions for private wealth management groups, family offices and institutions. Casey’s 35 years in alternatives investment management have helped him differentiate feasible from potentially fraudulent investment outcomes.        

For more information about "Lessons from the Madoff Fraud", which is free and open to the public, call 516.572.7153. 

 About Nassau Community CollegeNassau Community College, a division of the State University of New York, is an institution where over 23,000 full- and part-time students and nearly 15,000 continuing and professional students start and continue their successful journey through higher education.  More than 65 fields of study are offered on a 225-acre campus located in the center of Long Island.  As the largest single-campus two-year college in New York State, Nassau Community College maintains a national reputation for excellence.  For more information, visit www.ncc.edu.

 

Ref: 1422.11/13/09 e-mail