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Criminal Law

: Crime & Federalism

Corrupt SEC Younglings Enabled Bernie Madoff

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Every lawyer I know who litigates against the SEC uses the same cliche, "It's like taking candy from a baby, Mike."  A new book discusses how SEC younglings treated Bernie Madoff: YOUNG, inexperienced government regulators were so wowed by Bernard Madoff's ritzy Midtown headquarters that they asked about job openings and dropped off resumes while missing clear evidence he was running a massive Ponzi scheme, a new book claims."The youthful SEC staffers were so dazzled to be at Madoff headquarters that they occasionally inquired about job openings at the company," Kirtzman writes.The New York Post has more.

Full post as published by Crime & Federalism on August 11, 2009 (boomark / email).

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