Now here's an example of some really good damage control PR (I'm a bit late on this one...):
On 2/3/09, The Denver Post ran an article: "Boulder firm tells investors to expect heavy losses," saying that "Agile Group, a Boulder wealth-management firm, has frozen client accounts since last fall and warned investors, including former U.S. Rep. Tom Tancredo and KOA talk-show host Mike Rosen, to expect heavy losses... Clients were told the firm had placed money with Bernard Madoff, accused of swindling investors out of $50 billion in the world's largest Ponzi scheme, and Tom Petters, a Minneapolis businessman indicted on 20 counts of fraud that could cost investors up to $3.5 billion. "
The next day, 2/4/09, the Post ran this article: Clients don't blame Agile. "Some clients of Boulder money manager Neal Greenberg said they don't blame him for the large losses they've suffered...Greenberg has also told investors that his own money and that of his parents was invested with Agile." The story includes forgiving quotes from KOA's Mike Rosen and Tom Tancredo, two of Agile's high profile clients.
Of course, Agile spent lots of money advertising on KOA for years, with the implicit personal recommendation of the radio hosts...