Saturday, September 5, 2009

More on how Madoff kept his scheme going so long...

Information coming out about Madoff has been slow but here is the latest potential tip as reported by Bloomberg:
Family members of a U.S. Securities and Exchange Commission enforcement official, whose unit got an anonymous tip in 2005 suggesting Bernard Madoff may be running a Ponzi scheme, entrusted $2 million to the scam, the agency’s internal watchdog said.
Right now the details are pretty sketchy but it sounds like something fishy may have been going on at the SEC.

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