SEC watchdog: Madoff ‘got away lucky’ in ’06

Courtesy MSNBC.com: Business  Sat, 09/05/2009 - 02:53

Bernard Madoff told the SEC Inspector General David Kotz that he feared investigators had uncovered his massive Ponzi scheme in May 2006.<br /><br />However, Madoff was not arrested until he confessed to relatives in December 2008.Top Securities and Exchange Commission officials were in the dark that staff were probing Bernard Madoff until the former financier was arrested in December, a federal watchdog said Friday.



 

Related items

SEC says some documents on big banks likely tossed
The Securities and Exchange Commission has acknowledged that some documents from preliminary investigations of major banks and convicted swindler Bernard Madoff likely were destroyed under a...

SEC says it likely tossed some info on big banks
The Securities and Exchange Commission has acknowledged that some documents from preliminary investigations of major banks and convicted swindler Bernard Madoff likely were destroyed under a...

Some investors object to $7.2 billion Madoff deal
Investors in jailed financier Bernard Madoff's fraudulent business who have been denied payouts from recovered funds are saying they think the trustee recovering money for investors might be...

Samsung SCX-4200 3-in-1 True Multifunction Printer
The SCX-4200 Digital Productivity Center is a low cost black and white laser printer, delivering 3 in 1 true multifunction performance with professional laser output.Keep your valuable real...

BlueAnt UNOTPBAX53 X5 Bluetooth Stereo Headphone...
The X5 Stereo Bluetooth Headset is a portable multi-function device utilizing the latest cutting edge technologies allowing you to stream high quality music and make voice calls using a...


 

Post new comment

The content of this field is kept private and will not be shown publicly.
CAPTCHA
We apologize for the inconvenience. Please help fight spam.
business.marc8.com