Who knew what and when in the Madoff fraud
The House Financial Services committee met yesterday to hear testimony to determine whether regulators could have caught on to Bernard Madoff’s Ponzi scheme before he bilked investors out of billions of dollars. Some say that the Securities Exchange Commission may have known what Madoff was up to long before the disgraced investor’s stunning admission of guilt. Stephen Harbeck from Security Investor Protection Corporation, who was among the witnesses who testified yesterday, joins the discussion.
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