The watchdog of the Securities and Exchange Commission has found the agency consistently mishandled its five investigations of Bernard Madoff's business, despite ample complaints over 16 years about the multibillion-dollar fraud. But SEC inspector general David Kotz's report found no evidence of any improper ties between agency officials and Madoff. Despite speculation that senior SEC officials may have tried to influence the probes, a summary of Kotz's 450-page report released Wednesday found no evidence of that.
September 03, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The watchdog of the Securities and Exchange Commission has found the agency consistently mishandled its five investigations of Bernard Madoff’s business, despite ample complaints over 16 years about the multibillion-dollar fraud.
But SEC inspector general David Kotz’s report found no evidence of any improper ties between agency officials and Madoff.
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