Saturday, October 31, 2009

Madoff documents reveal incredulous, unfocused SEC | U.S. | Reuters

Madoff documents reveal incredulous, unfocused SEC | U.S. | Reuters:

"Madoff is serving a 150-year prison sentence after pleading guilty to the fraud. He told Kotz that if SEC lawyers had done some basic investigative work, it 'would've been easy for them to see' he was a crook.

The documents could prove fodder for the lawyers suing the SEC for negligence on behalf of several Madoff victims."

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