Daily Archives: December 21, 2008, 11:59 pm

Report: SEC in “state of complete panic” over Madoff mistakes

The recent revelation by Chairman Cox that the SEC failed to follow up on credible, specific tips that Bernard Madoff was running an alleged Ponzi scheme has reportedly “put the agency into a state of complete panic,”  according to a “current long-serving member of the commission’s enforcement division” who spoke with the publication TPMMuckraker.  According to the article, The source…

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