Bernard Madoff and SEC Inspector General reportedly met for three hours on Wednesday of this week, sources tell CNN. The meeting reportedly occurred at New York’s Metropolitan Correctional Center, where Madoff is awaiting sentencing on federal fraud charges. Kotz is investigating the SEC’s failure to take action in stopping the Madoff scheme.
Asked about the reported meeting, Kotz stated: “We’ve been making substantial progress in the investigation and plan to issue a comprehensive report very shortly.”
