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nakedcapitalism.com - 12/14/2008
SEC Skipped Normal Inspection of Madoff Hedge Fund
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So how did Madoff get away with his $50 billion fraud? Time will tell when and how it started, although I'd hazard the dot com bust. Madoff may have been unwilling to report losses, and assumed (initially) that no one would be hurt if he fibbed if he could eventually trade his way out of ...

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Economist's View:  links for 2008-12-14

sec.gov - 12/11/2008
SEC Charges Bernard L. Madoff for Multi-Billion Dollar Ponzi Scheme
— sec.gov — The Securities and Exchange Commission today charged Bernard L. Madoff and his investment firm, Bernard L. Madoff Investment Securities LLC, with securities fraud for a multi-billion dollar Ponzi scheme that he perpetrated on advisory clients of his ... (more) SEC Charges Bernard L. Madoff for Multi-Billion Dollar ...

Comments vote down Alea found this 12/11/2008found this
sec.gov - 12/17/2008
Statement Regarding Madoff Investigation
— sec.gov — Securities and Exchange Commission Chairman Christopher Cox issued the following statement today concerning its ongoing investigation in the case of SEC v. Madoff. (more) Statement Regarding Madoff Investigation

Comments vote down DealBook found this 12/17/2008found this
online.wsj.com - 12/11/2008
Top Broker Accused of Fraud
— online.wsj.com — Bernard L. Madoff, a former chairman of the Nasdaq Stock Market and a force in Wall Street trading for nearly 50 years, was arrested by federal agents Thursday a day after telling two senior employees that his investment advisory business was "a ... (more) Top Broker Accused of Fraud

Comments vote down NakedShorts found this 12/11/2008found this
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links for 2008-12-14
Economist's View — ... Paradigms Fed Could Remake Credit Card Regulations - washingtonpost.com Report Spotlights Iraq Rebuilding Blunders - NYTimes.com How foreign car factories transformed the American South - Daniel Gross A Senator Speaks... - Adam Smith's Lost Legacy Confessions of a crass Keynesian - Willem Buiter Plant Migration Tied to Climate Change - Discover SEC Skipped Normal Inspection of Madoff Hedge Fund - naked capitalism Blame Basel ...

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Recommended reading: "SEC says it missed signals on Madoff fraud case"-- New York Times . Photo cred: Tanakawho