shana madoff: Inspector General Report: Madoff and SEC Were in Bed Together - 01/25/10 03:00 PM
The Securities and Exchange Commission's inspector general on Wednesday released a scathing report finding that the agency failed to follow up on detailed complaints and missed exposing the biggest fraud in the history of the agency, a $50 billion Ponzi scheme perpetrated by Bernard Madoff.
"Despite numerous credible and detailed complaints, the SEC never properly examined or investigated Madoff's trading and never took the necessary, but basic, steps to determine if Madoff was operating a Ponzi scheme," the SEC Inspector General David Kotz said in the report.
Kotz found evidence of a failure to follow up on three examinations … (0 comments)

 

RALPH ROBERTS

Sterling Heights, MI

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RALPH ROBERTS REAL ESTATE MACOMB COUNTY

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