No Surprise Here: Auditors and Regulators Failed to Double-Check Madoff’s Bogus Info
The bottom line was: the government was lax, and consequently people lost millions. Maybe if there were consequences for those lax people– like a big fat fine — others might not be so lax in the future. By Greg Farrell and Brooke Masters The Financial Times Bernard Madoff’s $65bn Ponzi scheme was able to evade…