WASHINGTON AP - The watchdog of the Securities and Exchange Commission has found that three agency exams and two investigations of Bernard Madoff's business were incompetent, despite ample warnings of the multibillion-dollar fraud.But SEC inspector general David Kotz's report found no evidence of any improper ties between agency officials and Madoff.
September 02, 2009 at 12:00 AM
1 minute read
WASHINGTON AP – The watchdog of the Securities and Exchange Commission has found that three agency exams and two investigations of Bernard Madoff’s business were incompetent, despite ample warnings of the multibillion-dollar fraud.
But SEC inspector general David Kotz’s report found no evidence of any improper ties between agency officials and Madoff.
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