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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Crimson Ghost who wrote (102037)3/9/2009 7:48:10 PM
From: Broken_Clock  Read Replies (2) of 110194
 
Looks like the SEC was up to it's eyeballs in Madoff the whole time....

"In 1992, the SEC filed a suit against Avellino & Bienes charging them with selling $440 million of unregistered securities to 3200 investors. Although the SEC knew the money had gone to Madoff, their complaint referred only to an unnamed broker. The SEC said at the time they felt they were looking at a Ponzi scheme."
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