One of my starting points into quantitative finance was Bernie Madoff’s fund. Back then because Bernie was in desperate need of money to keep his Ponzi scheme running there existed several so-called feeder funds.
One of them happened to approach me to offer me a once-in-a-lifetime investment opportunity. Or so it seemed. Now, there is this old saying that when something seems too good to be true it probably is. If you want to learn what Benford’s law is and how to apply it to uncover fraud, read on!
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