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  • D_Virginia: 
  • Comments (198)
  Isn't the whole SEC supposed to /be/ a team of specialists focused on fighting fraud???
  
  No faith.

  Apr 29 08:30 AM | Link | Reply
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  • huskerbob: 
  • Comments (178)
  The SEC is going to fight fraud? This IS news! A common refrain of people who have been ringing alarm bells on suspected ponzi schemes is that their warnings are ignored by the SEC.
  As a hilarious aside, here is a quote from the investigator who gave the all-clear to Madoff in 2006: "If someone provides you with the wrong set of books, I don't know how you find the real books." She is shocked that a criminal would give her phony accounting to look at! No fraud will be uncovered unless the company provides the investigator with the documentation of their fraudulent activities!
  She "was shocked" to learn of the $50 billion fraud. You can't make this stuff up!

  Apr 29 08:35 AM | Link | Reply
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  • Neil459: 
  • Comments (1063)
  •  • Instablog (1)

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  • perceptivemind.com
  It takes a specialist to look up the address of the Auditor and to find that its a single person auditing a multi-billon dollar company?
  
  It takes a specialist to say "Show me the transactions" and then to confirm the transactions with both the client and the exchange.
  
  What we have here is more government smoke and mirrors, coupled with journalistic misconduct. These types of statements would be laughed and ridiculed at by real journalists.
  
  
  
  

  Apr 29 09:45 AM | Link | Reply