Wednesday 17 December 2008

La SEC ammette le proprie colpe sul caso Madoff

Christopher Cox, the SEC chairman, has called for an investigation of his own agency, acknowledging multiple failures to investigate allegations of wrongdoing by Bernard Madoff. 

Cox’s comments came amid widespread criticism of the SEC for failing to detect Madoff’s alleged $50bn “Ponzi” scheme. Separately, the FT reports that US officials said Madoff left behind a trail of “falsified” and “unreliable” records, hampering efforts by investigators to unravel his alleged fraud.

http://ftalphaville.ft.com/

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