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Saturday, November 21, 2009 11:20 PM

David Kotz

Type: Person
Name: David Kotz
First Reported 11/19/2009 - Updated 11/20/2009 - 4 Documents (in Internet & IT)
SEC Watchdog: Revamp Company Exam Process
WASHINGTON -- U.S. regulators had "ample information" to trigger an extensive exam of convicted fraudster Bernard Madoff's investment firm, but continually gave it only a "medium risk" rating, a government watchdog said on Thursday.David Kotz, the inspector ... [Moneynews - 11/20/2009]
First Reported 11/20/2009 - Updated 11/20/2009 - 1 Documents
Mary Schapiro - Click to view 360-page
Mary Schapiro
S.E.C. Told to Change How It Chooses Inquiries
The Securities and Exchange Commission must tighten its process for deciding which investment advisers to inspect if it is to avoid colossal breakdowns like the one that allowed Bernard L. Madoff’s multibillion-dollar fraud to go undetected for 16 years, ... [New York Times - 11/20/2009]
First Reported 23 hours ago - Updated 23 hours ago - 1 Documents
Bernard Madoff - Click to view 360-page
Bernard Madoff
Madoff on the SEC
"Bernard Madoff was dismissive of a compliance examiner involved in a [SEC] inspection into his firm, calling the man a 'blowhard' who talked tough, but didn't look at anything. ... [David Kotz's] report found that the SEC received six substantive tips ... [Skeptical CPA - 23 hours ago]
First Reported 11/20/2009 - Updated 11/20/2009 - 1 Documents (in Internet & IT)
Edward Whitacre - Click to view image in its original context
Edward Whitacre
Opening Bell: 11.20.09
Goldman Holders Miffed At Bonuses (WSJ) Squid on Squid violence: "Some of the largest shareholders in Goldman Sachs have urged the Wall Street firm to reduce the size of its bonus pool, arguing that it should pass along more of its blockbuster earnings ... [Dealbreaker - 11/20/2009]
First Reported 11/02/2009 - Updated 11/02/2009 - 7 Documents
SEC Denies Blame For Madoff Document Dump
Last Friday, the SEC ruined the weekend of many journalists by making a massive Bernie Madoff document dump . The documents, which detailed how the SEC dropped the ball on Madoff over all thos years, made the agency look terrible. It was classic timi ... [Business Insider - 11/02/2009]
First Reported 10/30/2009 - Updated 10/31/2009 - 6 Documents (in Internet & IT)
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 raised repeated concern over how Bernard Madoff could be running an honest business, ... [Reuters - 10/31/2009]
First Reported 10/31/2009 - Updated 11/01/2009 - 6 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 11/03/2009 - Updated 11/03/2009 - 2 Documents
Investigation: SEC Dismissed Madoff Red Flags
NEW YORK/WASHINGTON -- U.S. 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 on Friday by U.S. Securities ... [Moneynews - 11/03/2009]
First Reported 11/03/2009 - Updated 11/03/2009 - 1 Documents (in Internet & IT)
More tales of ineptitude about the SEC
"I don't think we should worry about Bernie finding out to whom we speak ... we are not telling anybody that we have found anything improper (except for his lies to us, of course)."That is an excerpt from an e-mail one Securities and Exchange Commission ... [TheDeal.com - 11/03/2009]
First Reported 11/06/2009 - Updated 11/06/2009 - 1 Documents
SEC brings another case against naked short sellers
You can hardly blame Fat Squirrel Trading Group (FSTG) and Rhino Trading, LLC. After all, it was 2007, and illegal short selling was almost the norm. The SEC, in passing a toothless Regulation SHO, had demonstrated that it didn’t care much. With just ... [Deep Capture: exposing the crime of naked short ... - 11/06/2009]
First Reported 11/06/2009 - Updated 11/06/2009 - 1 Documents (in Internet & IT)
Madoff papers highlight SEC flaws
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 documents released by the US Securities and Exchange Commission ... [China Securities Journal Net - 11/06/2009]
First Reported 10/31/2009 - Updated 10/31/2009 - 1 Documents
Fraudster Madoff boasts of duping market investigators for 16 years
DISGRACED American financier Bernard Madoff has claimed it never occurred to Securities and Exchange Commission (SEC) staff he was running a 'Ponzi' scheme, despite its numerous investigations.In a summary of a prison interview in June with the SEC inspector ... [Scotland on Sunday Online - 10/31/2009]

Quotes

...All the investigators had to do, after all, was check with Wall Street's central clearinghouse to see that he made no trades. "if you're looking for a ponzi scheme, it's the first thing you do" Madoff told Kotz. It 'would've been easy for them to see.'
Cohen: The SEC helped Madoff get away with it [New York Daily News - 11/03/2009]

More Content

All (77) | News (48) | Reports (0) | Blogs (29) | Audio/Video (0) | Fact Sheets (0)
sort by: Date | Relevance
S.E.C. Told to Change How It Chooses Inquiries [New York Times - 11/20/2009]
SEC Watchdog: Revamp Company Exam Process [Moneynews - 11/20/2009]
Revamp needed post-Madoff: SEC watchdog [stuff.co.nz - 11/19/2009]
SEC watchdog: revamp exam process post-Madoff [Reuters - 11/19/2009]
UPDATE 1-US SEC watchdog: revamp exam process p... [Reuters - 11/19/2009]
Documents reveal SEC complicity in Madoff Ponzi... [World Socialist Web Site - 11/06/2009]
Madoff papers highlight SEC flaws [China Securities Journal Net - 11/06/2009]
More tales of ineptitude about the SEC [TheDeal.com - 11/03/2009]
Investigation: SEC Dismissed Madoff Red Flags [Moneynews - 11/03/2009]
Cohen: The SEC helped Madoff get away with it [New York Daily News - 11/03/2009]
E-Mails Reveal Internal Drama at SEC Over Maddo... [FOXBusiness.com - 11/02/2009]
NBC Video: Madoff Mocks the SEC’s Incompetence [Securities Docket - 11/02/2009]
SEC Denies Blame For Madoff Document Dump [Business Insider - 11/02/2009]
Madoff documents reveal unfocused SEC [Reuters UK - 11/02/2009]
Madoff astonished at not being caught sooner [The Age - 11/02/2009]
Documents Reveal How SEC Botched Madoff Securit... [Insurance Journal - 11/02/2009]
Madoff documents reveal incredulous, unfocused SEC [CNBC - 11/02/2009]
Madoff thought he had SEC fooled [New Zealand Herald - 11/02/2009]
Madoff probe shows an unfocused SEC [stuff.co.nz - 11/01/2009]
Madoff docs reveal unfocused SEC [stuff.co.nz - 11/01/2009]
Madoff documents reveal incredulous, unfocused ... [Easy Bourse - 11/01/2009]
Complacent SEC helped Ponzi scheme going [The Money Times - 11/01/2009]
SEC unfocused in Madoff case [Straits Times - 10/31/2009]
Fraudster Madoff boasts of duping market invest... [Scotland on Sunday Online - 10/31/2009]
Madoff: I dazzled probe team [Deccan Chronicle - 10/31/2009]
Madoff documents reveal incredulous, unfocused SEC [Reuters - 10/31/2009]
Madoff surprised he wasn't caught sooner [MSNBC via MSN Money - 10/31/2009]
Madoff was convinced SEC staff never thought he... [Canadian Business Magazine - 10/31/2009]
Madoff to SEC watchdog: Agency held me in awe ... [Yahoo! News - 10/31/2009]
Madoff started Ponzi scheme to 'cover losses' [Times Online - 10/30/2009]
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In Focus
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Bernard Madoff, Harry Markopolos, Mary Schapiro, [more]
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Bernard L Madoff Investment Securitie ..., Moody's Corporation, FTI Consulting Inc, [more]
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US Securities and Exchange Commission, Financial Industry Regulatory Authority, Public Company Accounting Oversight B ..., [more]
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Ponzi Scheme, Fraud, Insider Trading, [more]
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Washington DC, Athens, Las Vegas (Nevada, United States), [more]
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United States, British Virgin Islands, Antigua and Barbuda, [more]
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Internet & IT, White-Collar Crime, Credit Ratings, [more]
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Banking & Financial Services, Insurance, IT
Skeptical CPA, Clusterstock, Times Online, [more]
Content Volume
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Blogs

sort by: Date | Relevance
Madoff on the SEC [Skeptical CPA - 23 hours ago]
"Bernard Madoff was dismissive of a compliance examiner involved in a [SEC] inspection into his firm, calling the man a 'blowhard' who talked tough, but didn't look ...
Opening Bell: 11.20.09 [Dealbreaker - 11/20/2009]
Goldman Holders Miffed At Bonuses (WSJ) Squid on Squid violence: "Some of the largest shareholders in Goldman Sachs have urged the Wall Street firm to reduce the ...
SEC brings another case against naked short sel... [Deep Capture: exposing the crime of naked short ... - 11/06/2009]
You can hardly blame Fat Squirrel Trading Group (FSTG) and Rhino Trading, LLC. After all, it was 2007, and illegal short selling was almost the norm. The SEC, in ...
SEC Denies Blame For Madoff Document Dump [Clusterstock - 11/02/2009]
Last Friday, the SEC ruined the weekend of many journalists by making a massive Bernie Madoff document dump. The documents, which detailed how the SEC dropped the ...
The SEC is Hopeless, Kill It [Skeptical CPA - 10/18/2009]
"The [SEC's] independent watchdog called for a sweeping overhaul of the agency's investigation and enforcement practices on Tuesday, after a blistering report on ...
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