Report of Investigation of Failure of the SEC to Uncover Bernard Madoff's Ponzi Scheme

Download or read book Report of Investigation of Failure of the SEC to Uncover Bernard Madoff's Ponzi Scheme written by H. David Kotz and published by DIANE Publishing. This book was released on 2010-06 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This investigation did not find evidence that any SEC personnel who worked on an SEC exam. of Madoff Invest. Securities, LLC had any financial or other inappropriate connection with Bernard Madoff or the Madoff family that influenced the conduct of their exam. work. It also did not find that former SEC Assist. Dir. Eric Swanson's romantic relationship with Bernard Madoff¿s niece influenced the conduct of the SEC exam. of Madoff. The investigation did find, however, that the SEC received more than ample info. in the form of detailed and substantive complaints over the years to warrant a thorough and comprehensive exam. of Bernard Madoff and BMIS for operating a Ponzi scheme. A thorough and competent exam. was never performed. Illus.