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SEC Ignored Detailed 2005 Complaint re: Madoff
Posted By Barry Ritholtz On December 20, 2008 @ 7:57 am In Hedge Funds,Legal,Regulation | Comments Disabled
What follows is the Harry Markopolos complaint to the SEC, circa November 2005, identifying 29 red flags that Madoff was a fraud. This highly detailed complaint was filed regarding the apparent Fraud at Madoff Securities.
It was ignored by the Christopher Cox SEC, which was too busy concocting schemes to dismantle the SEC  rather than investigate complaints such as this.
Cox “Worked to Dismantle The SEC,” Says Commission Vet
TPM Muckraker, December 19, 2008, 1:32PM
madoff_secdocs_20081217  (PDF)
Madoff Misled SEC in ’06, Got Off 
GREGORY ZUCKERMAN and KARA SCANNELL
WSJ, DECEMBER 18, 2008
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2008/12/detailed-and-ignored-sec-madoff-complaint/
URLs in this post:
 dismantle the SEC: http://tpmmuckraker.talkingpointsmemo.com/2008/12/cox_worked_to_dismantle_the_se.php
 Madoff_SECdocs_20081217: http://www.scribd.com/doc/9231188/MadoffSECdocs20081217
 Publish at Scribd: http://www.scribd.com/upload
 explore: http://www.scribd.com/browse
 Business: http://www.scribd.com/browse?c=123-business
 madoff fraud hedge f: http://www.scribd.com/tag/madoff%20fraud%20hedge%20fund
 madoff_secdocs_20081217: http://www.ritholtz.com/blog/wp-content/uploads/2008/12/madoff_secdocs_20081217.pdf
 Madoff Misled SEC in ’06, Got Off: http://online.wsj.com/article/SB122956182184616625.html
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