Investigation of Failure of the SEC To Uncover Bernard Madoff's Ponzi Scheme: Summary
http://www.sec.gov/spotlight/secpostmadoffreforms/oig-509-exec-summary.pdf
Finds that ineptitude rather than collusion was responsible for the failure of the SEC to uncover the Ponzi Scheme run by Madoff, despite warnings as early as 1992 that an unregistered investment company was offering 100% safe investments to special customers. A summary of the full report. From the Office of the Inspector General of the Securities and Exchange Commission.
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