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Tuesday, 09/18/2018 11:13:17 PM

Tuesday, September 18, 2018 11:13:17 PM

Post# of 41268

Madoff said in the June 17, 2009, interview that SEC Chairman Mary Schapiro was a "dear friend", and SEC Commissioner Elisse Walter was a "terrific lady" whom he knew "pretty well".[66]

After Madoff's arrest, the SEC was criticized for its lack of financial expertise and lack of due diligence, despite having received complaints from Harry Markopolos and others for almost a decade. The SEC's Inspector General, Kotz, found that since 1992, there had been six investigations of Madoff by the SEC, which were botched either through incompetent staff work or by neglecting allegations of financial experts and whistle-blowers. At least some of the SEC investigators doubted whether Madoff was even trading.[67][68][69]

Due to concerns of improper conduct by Inspector General Kotz in the Madoff investigation, Inspector General David C. Williams of the United States Postal Service was brought in to conduct an independent outside review.[70]

The Williams Report questioned Kotz's work on the Madoff investigation, because Kotz was a "very good friend" with Markopolos.[71][72] Investigators were not able to determine when Kotz and Markopolos became friends. A violation of the ethics rule would have taken place if the friendship were concurrent with Kotz's investigation of Madof



This has omitted the portion where it took Inspector General David C. Williams 10 minutes to determine Madoff's earnings where mathematically impossible. Don't expect anyone to show up in your defense.

Go to Vegas to see who bought what from who. I don't need a 4am battle with some weird financial mob. I`m looking at you Jack Rubenstein (aka Ruby) based out of Dallas.

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