Silobreaker.com    Log In
   My Page    Help   
360° SearchNetworkHot SpotsTrends
 
Advanced Search Options >>
Sunday, November 22, 2009 12:42 AM

Published 10/31/2009 by New York Daily News


Bernie Madoff baffled by SEC blunders

Bernie Madoff said the SEC 'never even looked at my stock records.' Hyun/ABC Bumbling investigators, in Madoff's words, acted like "Lt. Colombo" and never asked the right questions. Related s Ponzi king said he could have been caught in 2003, but bumbling investigators acted...

Share this 

What others report on the same story

Madoff documents reveal incredulous, unfocused SEC
* Many red flags about epic Ponzi scheme missed* Skepticism, inexperience weighed on agency's probesNEW YORK/WASHINGTON, Oct 31 (Reuters) - U.S. securities investigators ... - [10/31/2009 - Reuters]
For SEC, Madoff Answers More Troubling Than Que...
SEC Inspector General H. David Kotz related to the regulatory body’s internal investigation into how it failed to uncover Bernard Madoff’s $65 billion Ponzi ... - [10/31/2009 - The American Lawyer]
Madoff: SEC could have had him earlier
Jailed former financier Bernard Madoff says lack of basic investigatory moves by the U.S. Securities Exchange Commission allowed his Ponzi scheme to flourish.In ... - [10/31/2009 - Individual.com]

Quotes

...2009, interview. "If you're looking at a Ponzi scheme, it's the first thing you do."
Bernie Madoff baffled by SEC blunders [New York Daily News - 10/31/2009]

Related Stories

First Reported 11/03/2009 - Updated 11/04/2009 - 55 Documents
Is Friehling’s Guilty Plea a Warning Shot to Madoff’s Family?
What are the takeaways from the news that David Friehling, Bernie Madoff’s former accountant, will be spending some time behind bars? (Friehling pleaded guilty to fraud and other charges Tuesday in connection with his auditing work for Madoff’s firm, ... [WSJ.com: Law Blog - 11/04/2009]
First Reported 10/25/2009 - Updated 10/26/2009 - 87 Documents
Bernard Madoff - Click to view 360-page
Bernard Madoff
Autopsy: Madoff's big beneficiary drowned from heart attack
The mysterious Madoff pal who allegedly took $7 billion from the notorious scheme died of a heart attack while swimming Sunday, according to the medical examiner.Jeffry Picower, 67, drowned after suffering a massive coronary in his Florida pool, said ... [New York Daily News - 10/26/2009]
First Reported 10/30/2009 - Updated 10/31/2009 - 28 Documents (in Conflicts & Crime)
Madoff auditor due to plead guilty
Disgraced financier Bernard Madoff's long-time auditor is expected to plead guilty next week in a cooperation deal, US federal prosecutors have told a judge.Prosecutors said in a letter to US District Judge Alvin K Hellerstein that accountant David Friehling ... [Virgin Media - 10/31/2009]
First Reported 10/26/2009 - Updated 10/27/2009 - 15 Documents (in Conflicts & Crime)
Billionaire Killed By Stress of Madoff Money [Curses]
Billionaire investor Jeffry Picower—who made billions off of Bernie Madoff's Ponzi scheme—was found dead in his (expensive) pool Sunday. Murder??? Well, the coroner doesn't want you to think so. But clearly, Madoff's money has a deadly curse. The autopsy ... [Gawker - 10/27/2009]
First Reported 10/31/2009 - Updated 11/01/2009 - 10 Documents
US Securities and Exchange Commission - Click to view 360-page
US Securities and Exchange Commission
Madoff probe shows an unfocused SEC
World US securities investigators raised repeated concern over how Bernard Madoff could be running an honest business, but never followed through on the many red flags they uncovered.Hundreds of released by U.S. Securities and Exchange Commission's portray ... [stuff.co.nz - 11/01/2009]
First Reported 11/02/2009 - Updated 11/02/2009 - 10 Documents
Madoff surprised he was not caught sooner
It appears that no one was more surprised by the Securities and Exchange Commission's inability to uncover his fraud than convicted Ponzi schemer Bernie Madoff himself. In a jailhouse interview released late Friday by H. David Kotz, the SEC's inspector ... [TheDeal.com - 11/02/2009]
First Reported 10/28/2009 - Updated 10/29/2009 - 22 Documents
Madoff Ponzi losses clear $21.2B
The losses linked to Bernard Madoff's Ponzi scheme were bigger than initially thought, and now top $21.2 billion, according to the government-appointed trustee in charge of returning the convicted fraudster's ill-gotten gains to investors.Trustee Irving ... [New York Post - 10/29/2009]
First Reported 10/29/2009 - Updated 10/29/2009 - 7 Documents
Judge Sullivan to Madoff Cooperator: Show Me Your Cards
In denying bail to Bernard Madoff’s right hand man for the second time, US District Judge Richard Sullivan seemed to have one thing on his mind at a Wednesday bail hearing in Manhattan: What kind of dirt does Frank DiPascali have on other people?Continue ... [Business Insider - 10/29/2009]
First Reported 10/26/2009 - Updated 10/27/2009 - 4 Documents
B.C. regulator fines group $26M for Ponzi scheme
VANCOUVER — The British Columbia Securities Commission has fined a group of four people a total of $26 million and ordered them to repay $16 million in connection with a Ponzi scheme.The provincial regulator said Monday that Hal McLeod has been ordered ... [TORONTO SUN - 10/27/2009]
First Reported 10/26/2009 - Updated 10/26/2009 - 2 Documents
Madoff's billionaire beneficiary died of heart attack
The mysterious Madoff pal who allegedly took $7 billion from the notorious scheme died of a heart attack while swimming Sunday, according to the medical examiner.Jeffry Picower, 67, drowned after suffering a massive coronary in his Florida pool, said ... [New York Daily News - 10/26/2009]
First Reported 11/04/2009 - Updated 11/04/2009 - 1 Documents (in Conflicts & Crime)
Madoff's Auditor Denies He knew Of Fraud
Audio for this story from Morning Edition will be available at approx. 9:00 a.m. ETtext sizeAAANovember 4, 2009Bernard Madoff's longtime auditor pleaded guilty to securities fraud charges Tuesday, but said he did not know Madoff was running a Ponzi scheme. ... [NPR - 11/04/2009]
In Focus
Network

Blogs

sort by: Date | Relevance
Bernie Madoff [Thought Experiments : The Blog - 10/30/2009]
I've been reading about Bernie Madoff. This has made me wonder why people who have a lot of money always seem to want more. I want more money. I think £10 million ...
How to ruin a business journalist’s weekend, Be... [FT Alphaville - 10/30/2009]
It might be bank failure Friday, but it's also "closer look at how the SEC utterly embarrassed itself r.e. Bernard Madoff" day. The SEC has released a detailed ...
How to ruin a business journalist’s weekend, Be... [FT Alphaville - 10/30/2009]
It might be bank failure Friday, but it's also "closer look at how the SEC utterly embarrassed itself r.e. Bernard Madoff" day.The SEC has released a detailed archive ...
How to ruin a business journalist’s weekend, Be... [FT Alphaville - 10/31/2009]
It might be bank failure Friday, but it's also "closer look at how the SEC utterly embarrassed itself r.e. Bernard Madoff" day.The SEC has released a detailed archive ...
Madoff: SEC never thought it was a Ponzi scheme... [M0 - 10/31/2009]
AP - Bernard Madoff was apparently convinced that it never even occurred to Securities and Exchange Commission staff he was running a Ponzi scheme, despite the agency's ...
1 2 3 4 5 6 7 8 9 10 ...

Audio/Video

sort by: Date | Relevance
Madoff accountant pleads guilty [Reuters Video: Top News - 11/03/2009]
Madoff friend Picower dies [Reuters Video: Top News - 10/26/2009]
Madoff friend Picower dies [Reuters Video: Top News - 10/25/2009]
Money Minute: Ponzi Plea; Buffet Deal, More [Associated Press - YouTube - 11/03/2009]
1

  •  
  •  
  •