Thursday, September 03, 2009
Zachary A. Goldfarb, Washington Post,
Zachary A. Goldfarb, Washington Post,
The Madoff Files: A Chronicle of SEC Failure
Over and Over, Agency Skipped 'Basic' Steps to Find Fraud, Report Says ... Not exactly news to anyone who follows the news.
Washington's top cop for Wall Street, hamstrung by bureaucracy and inexperienced investigators, failed to thoroughly pursue multiple warnings about Bernard L. Madoff's multibillion-dollar Ponzi scheme, according to a scathing new critique of the Securities and Exchange Commission by its internal watchdog.
The report, issued Wednesday by the commission's inspector general, offers the first detailed examination of one of the agency's most public embarrassments.
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Posted by Editor on 09/03/09 at 08:45 AM •
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