Listed below are Holtz Rubenstein Reminick articles that we thought would be of interest to you in the wake of the alleged fraud of Bernard Madoff. As always, please consult your HRR adviser before taking any specific actions.

ARTICLES INCLUDED HEREIN DO NOT CONSTITUTE AN OPINION AND ARE NOT INTENDED OR WRITTEN TO BE USED, AND THEY CANNOT BE USED, BY ANY TAXPAYER FOR THE PURPOSE OF AVOIDING PENALTIES THAT MAY BE IMPOSED ON THE TAXPAYER.

A CAT Scan of the Madoff Scandal: Diagnosing Fraud Inside The Black Box
While many investors may think the Madoff scheme is unprecedented, rest assured it is not. Over the past 10 years the SEC has investigated numerous instances of investor fraud, on the scale of $100-million to one billion dollars. The alleged fraud in the Madoff scheme has set a new and shocking dollar bar, but the financial and operational elements that are the recipe for such a disaster have been around for quite a while. This article discussed the pitfalls inherent in this nearly impenetrable area of investment and what steps can be taken to prudently take advantage of the opportunities as the market is redefined.

Preliminary Financial X-Rays of the Alleged Madoff Scheme
This article is meant as supplemental reading to the main article entitled "A CAT Scan of the Madoff Scandal". It identifies an example of a domestic fund structure with a feeder fund relationship and then compares that structure with one possibly employed by Madoff. The article is outfitted with two detailed charts illustrating the two structures.

Gathering Documents for a Madoff Claim
As victims of a Ponzi scheme, such as Bernard Madoff's alleged fraud, most people are sure to gather every month of their brokerage statements. While these statements are important because of the nature of this alleged crime, the statements all too often do not reflect all of the actual financial occurrences. It is important to think of all of the sources of related information that will be needed to process a claim, support a legal position, and prepare tax returns.

Investors Will Get Tax Relief
Investors who suffered losses in the Bernard Madoff investment fraud are allowed to claim a theft loss in the year they discovered the loss.

Your Investments - How Safe Are They?
A look at the scandal from a not-for-profit perspective. Boards and executives of not-for-profits are nervous about protecting their investments and meeting their fiduciary responsibilities. Here are some guidelines to consider now to help safeguard your investments.