Discuss the video below that we saw in class.

Discuss the video below that we saw in class. Answer briefly the following questions. Recommended total length is about 2 paragraphs, and definitely not more than a page (double spaced). 1. When and how did Markopolos know that Madoff is a fraud?2. What is an affinity scheme/fraud?3. What types of funds exacerbated the problem and how? What should have those fund managers been doing instead?The link for the video ishttps://youtu.be/s68FR1MXT8Q