Kenneth A. Flatto paid a lot of money for expert advice about investing the pensions of municipal workers in Fairfield, Conn. Unfortunately, he says, the experts never warned him about Bernard L. Madoff.
Fairfield was not snookered by some sharper peddling that old Madoff magic. Instead, Mr. Flatto says, the town was relying on the skill of one of the nation's largest investment consultants, NEPC.
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