The watchdog of the Securities and Exchange Commission says the agency missed glaring evidence that Bernard Madoff was cheating investors. Madoff is in prison for masterminding one of the country's largest Ponzi schemes. The SEC inspector general's report said three agency exams and two investigations of Madoff's business were incompetent, despite ample warnings of the multi-billion-dollar fraud.
» E-Mail This » Add to Del.icio.us
Full story at http://www.npr.org/templates/story/story.php?storyId=112502194&ft=1&f=1006
Posts
No comments:
Post a Comment