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To: Enchante

Nope. I believe this is another event.


170 posted on 01/04/2009 1:01:02 PM PST by utax
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To: utax

You are so right — I thought I’d followed the Madoff story pretty closely but I missed that one!


From Times Online
December 18, 2008

New SEC chief gave Bernard Madoff’s son a job
Rosie Lavan

Mary Schapiro, Barack Obama’s choice to lead the Securities and Exchange Commission (SEC), previously appointed one of Bernard Madoff’s sons to a regulatory body that oversees American securities firms.

It has emerged that in 2001, Ms Schapiro, currently chief executive of the Financial Industry Regulatory Authority (Finra), employed Mark Madoff to serve on the board of the National Adjudicatory Council — the division that reviews disciplinary decisions made by Finra.

Last week, Mark Madoff, with his brother, Andrew, were understood to have approached the authorities after their father apparently confessed to orchestrating a $50 billion securities fraud.

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article5364345.ece


181 posted on 01/04/2009 1:53:54 PM PST by Enchante (Bernie Madoff Learned His Ponzi-Investment Strategy from our Social Security System!!)
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