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Saturday, November 21, 2009 8:53 PM

Published 11/02/2009 by CNBC


Madoff: All SEC Did Before 2006 a 'Waste of Time'

Newly released documents in the Bernard Madoff case paint a detailed picture of a feckless Securities and Exchange Commission, and an epic scam artist who was constantly amazed he did not get caught.

The documents, released Friday by the SEC following an August request by CNBC under the Freedom of...

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What others report on the same story

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. ... - [11/02/2009 - TheDeal.com]
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 ... - [11/02/2009 - Clusterstock]
Documents Reveal How SEC Botched Madoff Securit...
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 ... - [11/02/2009 - Insurance Journal]

Quotes

...Gettinger writes, "of course, we should get out of the business of burning resources to chase Ponzi schemes." Madoff suggests his...
Madoff: All SEC Did Before 2006 a 'Waste of Time' [CNBC - 11/02/2009]
...chairman says he "didn't have to tell examiners his role in the industry, because they already knew." Madoff says he had...
Madoff: All SEC Did Before 2006 a 'Waste of Time' [CNBC - 11/02/2009]

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In Focus
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Blogs

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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 ...
Madoff: SEC never thought it was a Ponzi scheme... [M0 - 10/30/2009]
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 ...
Bernie Madoff: You Have No Idea How Stressful I... [Dealbreaker - 11/02/2009]
The long hours, the fake returns-- it all ate away at him pretty badly. Mostly it was the constant fear that today would be the day the rètards at the Securities ...
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 ...
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Audio/Video

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Madoff accountant pleads guilty [Reuters Video: Top News - 11/03/2009]
Documenting your life [CNN International - YouTube - 11/03/2009]
Film documents Obama's rise [CNN International - YouTube - 11/03/2009]
Madoff friend Picower dies [Reuters Video: Top News - 10/26/2009]
10-28-09, Ranking Member Bachus FINRA Amendment [Committee on Financial Services GOP - YouTube C ... - 10/30/2009]
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