The Attorney General's office said its investigation had revealed internal company documents that show Ivy, Wohl and Simon knew of problems with Madoff long ago. \"This is a clear example of our inability to make sense of Madoff's strategy, and one where his trades for our accounts are inconsistent with the independent information that is available to us,\" reads an internal memo from 1997.
In 1998, Wohl recommended to Simon that Ivy withdraw funds from Madoff, according to an email obtained by the Attorney General's office. 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