best casino bonuses australian online casino au dollars trusted online gambling internet casino download old information online us casinos las vegas best online casino craps flash casino games mac play online vegas

Get Our Newsletter



Links

Columnists



Site Search


Entire (RSS)
Comments (RSS)

Archive Calendar

September 2009
S M T W T F S
« Aug   Oct »
 12345
6789101112
13141516171819
20212223242526
27282930  

Guides

How to Become a Bounty Hunter



Scathing Report Says SEC Repeatedly Failed to Catch Madoff Scam

sec-logo

It was painful enough seeing all the victims Bernie Madoff scammed. But it makes it all the more painful to be reminded of how incompetent the SEC was, and how this could have been exposed long ago.

By DAVID STOUT
New York Times
WASHINGTON – Unseasoned investigators from the Securities and Exchange Commission were alternately intimidated and enthralled by a name-dropping, yarn-spinning Bernard L. Madoff as he dodged questions about his financial house of cards, according to a scathing new report on the agency’s repeated failure to uncover the huge investment fraud.

“Madoff carefully controlled to whom they spoke at the firm,” the S.E.C.’s independent watchdog said in the report released on Wednesday.

For Full Story


Print This Post Print This Post

Write a comment

You need to login to post comments!