IG Finds Incompetence Not Corruption in SEC’s Madoff Failure

The Inspector General of the Securities and Exchange Commission has released his report of the investigation of the SEC’s failure to uncover Bernard Madoff’s Ponzi scheme. The IG did not find evidence that any SEC personnel benefited financially or in any other inappropriate capacity from a connection with Madoff that influenced the examinations and investigations. […]

Investigators Probing Some of Madoff’s Purported Victims

The trustee in bankruptcy in the Madoff case has filed suit against some who have called themselves victims of the Madoff fraud. Irving Picard, the court appointed trustee for Bernard L. Madoff Investment Securities, LLC, has filed suit against two associates of Madoff. The suits allege that Jeffry Picower and Stanley Chais sought and received […]