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IPFS News Link • Economy - Economics USA

Blistering report faults SEC for Madoff misses

09-02-2009 • Reuters

U.S. securities regulators missed "numerous" red flags that may have led to Bernard Madoff's $65 billion Ponzi scheme and never did a "thorough and competent" probe despite complaints dating to 1992, a federal watchdog has concluded.

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Reported By Powell Gammill

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