Tag ArchivesFor the word: madoff
Dec16
Rant: And the hits keep on coming
Jaysuz! Ya couldn’t make it up could you? Just when you think that the finance watchdogs of the western world couldn’t fuck up any worse, along comes the story of Bernard Madoff and his 50 billion pyramid scheme.
Not only did the SEC fail to perform even a spot inspection of this geezer as a matter of routine, they appear to have entirely ignored / failed to act on information received from an apparently reliable source, advising them of the large-scale Ponzi fraud being perpetuated by Madoff for years!
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