Silobreaker.com    Log In
   My Page    Help   
360° SearchNetworkHot SpotsTrends
 
Advanced Search Options >>
Sunday, November 22, 2009 12:54 AM

Published 11/03/2009 by TheDeal.com


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 investigator wrote May 16, 2006,...

Share this 

What others report on the same story

More tales of ineptitude about the SEC
Hundreds of documents released Friday by the SEC 'portray an agency at times skeptical or dismissive of evidence' involved in the Madoff fraud. ... - [11/03/2009 - Dealscape]
More tales of ineptitude about the SEC - [11/03/2009 - The Deal.com]
1

Quotes

"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)."
More tales of ineptitude about the SEC [TheDeal.com - 11/03/2009]
...The pages "portray an agency at times skeptical or dismissive of evidence that the now imprisoned mastermind of the world's largest Ponzi scheme was up to no good" Reuters writes
More tales of ineptitude about the SEC [TheDeal.com - 11/03/2009]
"At other times, it appeared the agency knew that goings-on at Bernard L Madoff Investment Securities LLC were improper but never followed through on their discoveries or on the allegations of chief whistleblower Harry Markopolos."
More tales of ineptitude about the SEC [TheDeal.com - 11/03/2009]

Related Stories

First Reported 10/30/2009 - Updated 10/31/2009 - 15 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 - 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 - 11 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 11/03/2009 - Updated 11/04/2009 - 35 Documents
Madoff auditor guilty
'Sorry' CPA gave scam green lightPosted: 5:14 AM, November 4, 2009Bernard Madoff's longtime auditor pleaded guilty to securities fraud yesterday, claiming he'd been oblivious to the massive rip-off he was rubber-stamping."At no time was I ever aware that ... [New York Post - 11/04/2009]
First Reported 11/04/2009 - Updated 11/05/2009 - 14 Documents (in Internet & IT)
JPMorgan Chase & Co - Click to view image in its original context
JPMorgan Chase & Co
JPMorgan settles SEC lawsuit on bribery in Alabama
A lawsuit by the U.S. Securities and Exchange Commission accusing JPMorgan Securities of making illegal payments to associates of Jefferson County, Ala., commissioners was settled in an arrangement that will cost the firm millions. As part of the settlement, ... [SmartBrief - 11/05/2009]
First Reported 10/30/2009 - Updated 10/30/2009 - 18 Documents (in Conflicts & Crime)
Bernard Madoff - Click to view 360-page
Bernard Madoff
Madoff accountant to plead guilty
David Friehling, the long-time accountant of Bernard Madoff, will plead guilty to fraud charges next week, prosecutors have revealed, widening the net of conspirators in the biggest 'Ponzi' scheme in history ... [FT.com - Companies - 10/30/2009]
First Reported 11/10/2009 - Updated 11/10/2009 - 12 Documents (in Internet & IT)
Rolex SA - Click to view 360-page
Rolex SA
Madoff jewels, clothes set for New York auction
The trappings of Bernard Madoff's once luxurious lifestyle -- jewels, furs and expensive trinkets -- will be auctioned Saturday in New York to benefit victims of the Wall Street swindler.The catalogue contains almost 200 lots reflecting the gaudy life ... [France24 - Asia Pacific - 11/10/2009]
First Reported 11/04/2009 - Updated 11/05/2009 - 7 Documents
SEC: Time to Upgrade Proxy Voting
NEW YORK -- The top U.S. securities regulator on Wednesday called on Corporate America to upgrade its proxy voting practices to ensure shareholders a greater voice in governing the companies they own. 'It is imperative that our proxy voting process work,' ... [Moneynews - 11/05/2009]
First Reported 10/27/2009 - Updated 10/27/2009 - 6 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 10/27/2009 - Updated 10/27/2009 - 4 Documents (in Internet & IT)
SEC to begin scrutinizing risks related to retirement products
Schapiro: By Sara HansardOctober 27, 2009, 10:45 AM EST The Securities and Exchange Commission will begin scrutinizing products related to retirement investing.?Issues related to disclosure, product development and marketing for retirement products will ... [Investment News - 10/27/2009]
First Reported 11/10/2009 - Updated 11/10/2009 - 9 Documents (in Internet & IT)
Adobe cutting 680 jobs
Adobe Systems, known for its Photoshop editing program and Acrobat document software, announced on Tuesday it was cutting some 680 jobs worldwide, about nine percent of its workforce.Adobe, in a filing with the US Securities and Exchange Commission (SEC), ... [France24 - Business - 11/10/2009]
First Reported 10/27/2009 - Updated 10/28/2009 - 4 Documents
SEC seeks to curb naked access, expose fast trades (Reuters)
NEW YORK (Reuters) The top U.S. securities regulator said she was looking for ways to crack down on "naked access," the practice of brokers giving high-frequency traders unfettered access to public markets.Securities and Exchange Commission Chairman Mary ... [Yahoo! News - 10/28/2009]
In Focus
Network

Blogs

sort by: Date | Relevance
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: Screwing The SEC, Anyone That Ti... [Dealbreaker - 10/30/2009]
CNBC reports the first bits of news from Bernie Madoff's latest prison interview. First off, he cannot express how crazy it is that he got away with all this but ...
Madoff to SEC watchdog: Agency held me in awe (... [M0 - 10/30/2009]
Reuters - Bernard Madoff believed U.S. Securities and Exchange Commission employees were too dazzled by his stature on Wall Street to properly probe his operations ...
Madoff to SEC watchdog: Agency held me in awe (... [M0 - 10/31/2009]
Reuters - Bernard Madoff believed U.S. Securities and Exchange Commission employees were too dazzled by his stature on Wall Street to properly probe his operations ...
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]
Pitt Says Dodd Plan for SEC Whistleblowers `Unn... [Bloomberg - YouTube - 11/10/2009]
First, Silence the Whistle-Blower [Slate Magazine - 11/02/2009]
Christopher Hitchenson: Afghan poll [Slate Magazine - 11/06/2009]
Money Minute: Ponzi Plea; Buffet Deal, More [Associated Press - YouTube - 11/03/2009]
1

  •  
  •  
  •