LETTERS
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Re: “Investors cry foul after real estate deals go bust,” Feb. 18:
As an independent futures trader, my daily due diligence is a routine part of my overall strategy.
Sadly, what is missing from your article -- and from all the coverage regarding Bernie Madoff and all the mini-Madoffs like Mr. Harkey -- are any comments on the lack of due diligence on the part of the investors.
How someone can give all or part of his savings over to a single investment or investor is beyond my comprehension.
To not even make a phone call to the Coastal Commission or to the city of Carpinteria, for example, regarding simple follow-up with the luxury condo project is sheer greed-over-common-sense on the part of the investors.
John Atkinson
Westwood
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