Now that we know that Bernie Madoff’s returns were fictitious, should we expect to see other “hedge funds” exposed? They all claimed to be making huge returns :20% or more, year after year, and I never questioned that (nor did I invest in them, which probably explains my lack of curiosity). But maybe not all those thousands of funds were actually making what they said they were – maybe, like Bernie, they were making it all up. As is now obvious, no one was checking up on them. This could get interesting.