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Adding to their suspicion, Mr. Madoff told Laughing Buddha Charm an "obviously false" explanation about how he traded options that was at odds with what he had previously said, the suit alleged. Ivy in 1998 decided to limit exposure to the Madoff firm in its proprietary funds, the suit said. The suit paints a picture of Flip Flop 3 Flowers Charm executives grappling with what to do about their concerns regarding the clients they advised. In a December 1998 email to Mr. Wohl, Mr. Simon allegedly said, "Fairy Godmother Charm we prepared to take all the chips off the table, have assets decrease by over $300 million and our overall fees reduced by $1.6 million or more...?" The defendants said they shared their concerns with clients, typically professional investors, and also urged Reindeer Charm to reduce their allocation to the Madoff firm.