We do not know enough to blame Chung or absolve her.
I think it's unfair to put this case at her door, especially since she is now a private person.
The blaming articles and comments I read are all smart with hindsight.
If there was fraud involved in Madoff's office, as is probable, they could easily have come up with documents "showing" where clients' assets were held.
Who can say what happened, and what documents were presented, and whether there was sufficient third-party confirmation ?
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We do not know enough to blame Chung or absolve her.
Jan 08 18:30 pm
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All Comments by Paul V. Azzopardi »SEC's Meagan Chung Pleads Innocent [View article]
I think it's unfair to put this case at her door, especially since she is now a private person.
The blaming articles and comments I read are all smart with hindsight.
If there was fraud involved in Madoff's office, as is probable, they could easily have come up with documents "showing" where clients' assets were held.
Who can say what happened, and what documents were presented, and whether there was sufficient third-party confirmation ?