SEC: We Blew It on Bernie
S.E.C. Inspector General David Kotz released a report stating that the agency had missed numerous opportunities to bust Bernie Madoff and his 16-year Ponzi scheme. Madoff’s scam cost investors billions of dollars, shuffling money away from retirement funds, charitable donations, and trusts. Madoff is currently serving a 150-year sentence for his crimes, but what can the S.E.C. do to redeem themselves? We talk to David Scheer, S.E.C. reporter for Bloomberg News.
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