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: Bodily Injury Blog

Madoff Whistleblower Critical of SEC

By Edward Bills

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A whistleblower told lawmakers Wednesday that the Securities and Exchange Commission largely ignored nine years of warnings that Bernard Madoff was engaged in fraudulent activities. In prepared congressional testimony, Harry Markopolis said SEC investigators repeatedly shrugged off clear signs of the fraud due to what he called investigative ineptitude. Lawmakers are currently considering whether to strengthen the agency?s investigative powers or turn those responsibilities over to another agency.

Full post as published by Bodily Injury Blog on February 05, 2009 (boomark / email).

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