Daily Archives: August 11, 2009, 5:10 pm

SEC Files Case Against Madoff CFO Frank DiPascali with New Details of Scam

The SEC today charged Bernard Madoff’s CFO, Frank DiPascali, with securities fraud.  The SEC alleges that DiPascali oversaw the mechanics of Madoff’s entirely fictitious investment strategy and created “millions of phony documents and trading records to conceal the fraud from regulators and investors.” Full details of what SEC Enforcement Director Robert Khuzami called “an extraordinary and massive counterfeiting operation” are…

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Securities Docket A.M. News Wire for August 11, 2009

DOJ Looks for ‘Rock Star’ to Lead Its Fraud Section; Judge Attacks Merrill Pre-Merger Bonuses, Demands More Information Before Approving SEC Settlement; State Street Discloses Receipt of Wells Notice from SEC; State Street Says Subprime Reserve May Be Insufficient; NERA: SEC Settlements Values Remain High; Enron… The Play; BofA, SEC to Defend Merrill Settlement Today; and more.

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