Community | December 17, 2008 | 1 comment

SEC Chief Admits Mistakes in Madoff Scheme

source: http://www.wcbs880.com/SEC-Chief-Admits-Mistakes-in-Madoff-Scheme/3509645

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In a stunning rebuke, the Securities and Exchange Commission chairman blames his career regulators for a decade-long failure to investigate Wall Street money manager Bernard L. Madoff, now accused of running one of the largest Ponzi schemes ever.
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1 comment // SEC Chief Admits Mistakes in Madoff Scheme

  • cantspascua
    • 0
      cantspascua  

    • When I saw this developing story on the web I could not believe on how many banks from Europe and abroad gave this man billions of dollars to finance his scheme. And now this S.O.B. is out on 10 million dollars bail with the money he stole I'm sure. Now he only has 20 million left. I guess money does buy you a get out of jail card. If a regular citizen had stolen a million dollars we would be sent to jail without bail. National bank of Scotland and Spain should feel stupid for believing this man. Hopefully they can get their money back which was in the billions so their citizens don't have to foot the bill. But if this man put the money to use to pay off America's debt to the world and China then the hell with them and give this guy a medal for making the world pay us back with the money we have given them over the decades.

    • 3 years ago
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