The bernie madoff scandal wasn't just about greed The sec's failure to detect bernard madoff's fraud was a wakeup call for the regulatory body This article explains the compliance, regulation, and ethics failures at every level.
xoxosantana on LTK
The complaint alleges that madoff, just prior to the filing of the complaint on december 11, 2008, informed two senior employees that his investment advisory business was a fraud
Madoff told these employees that he was finished, that he had absolutely nothing, that it's all just one big lie, and that it was basically, a giant ponzi scheme.
This report presents the public version of the findings and methodology of the u.s Securities and exchange commission's (sec's) office of investigations' (oig's) investigation of the failure of the sec to uncover bernard madoff's ponzi scheme. C menashi, circuit judge, concurring The court’s decision in th
S case might appear counterintuitive Citibank received a repayment of a loan it made to a fund that invested with bernard l More broadly, the madoff decision illustrates a growing (albeit not universal) trend in both u.s Madoff investment securities, llc (“madoff securities”)
On the facts known so far, two basic failures in internal controls are evident in the madoff case:
Following redemption requests totalling approximately us$7 billion, blmis collapsed and mr madoff was arrested for fraud A trustee was app p between fim advisers and blmis was close enough to warrant significant disclosure of the documents held by fim advisers On this basis, the trustee brought an application before the en
