SEC Office of Inspector General
Investigation of Failure of the SEC to Uncover Bernard Madoff's Ponzi Scheme (OIG-509, public version)
Report · written 31 August 2009 · released 2 September 2009
Why this matters
The SEC Inspector General's account of how the agency received credible complaints about Madoff, including Harry Markopolos's detailed submissions from 2000 onward, and conducted examinations that never verified his trading. The report runs to more than 450 pages, with testimony excerpts. One of the most damning regulatory self-examinations ever published.
Read the original
https://www.sec.gov/files/oig-509.pdf
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Follow the Money
A regulator that was handed the fraud and missed it.
Cite
SEC Office of Inspector General. "Investigation of Failure of the SEC to Uncover Bernard Madoff's Ponzi Scheme (OIG-509, public version)." 31 August 2009. Released 2 September 2009. https://www.sec.gov/files/oig-509.pdf (accessed via The Quiet Archive, QA-0084).
Shelved nearby
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