Posted by: r1b2 on: March 12, 2009
Harry Markopolos blew the whistle to the Securities and Exchange Commission about Bernard Madoff as early as 2000. Here is his interview on 60 minutes. Sorry to see that some people lost retirement savings with Maddoff and now have nothing. Markopolos termed SEC as people who come to impound after the scam and are bunch [...]
Posted by: r1b2 on: December 24, 2008
No wonder SEC could not find $50B fraud of Madoff. In the internal investigation report released to public in December 2008 found following things. Personal trading while working at the SEC or surfing for porn. This was a calculated effort to bypass the filters on blocked Web sites after getting numerous denials, according to the report. Some [...]