The Madoff Investment Securities Fraud


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Investigation of Failure of the SEC to Uncover Bernard Madoff's Ponzi Scheme


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Contents: (1) Results of the Invest.; (2) SEC Review of 2000 and 2001 Markopolos Complaints: (3) SEC 2004 OCIE Cause Exam. of Madoff; (4) SEC 2005 NERO Exam. of Madoff; (5) SEC 2006 Invest. of Markopolos Complaint; (6) Effect of Madoff¿s Stature and Reputation on SEC Exam.; (7) Allegations of Conflict of Interest from the Relationship between Eric Swanson and Shana Madoff; (8) Private Entities¿ Due Diligence Efforts Revealed Suspicious Activity about Madoff¿s Operations; (9) Potential Investors Relied upon the Fact That the SEC had Examined and Investigated Madoff in Making Decisions to Invest with Him; (10) Additional Complaints Received by the SEC re: Madoff; (11) Additional Exam. and Inspect. of Madoff¿s Firms by the SEC.




The Madoff Investment Securities Fraud


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The Madoff investment securities fraud : regulatory and oversight concerns and the need for reform : hearing before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Eleventh Congress, first session, on how the securities regulatory system failed to detect the Madoff investment securities fraud, the extent to which securities insu







The Madoff Investment Securities Fraud


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This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.




Madoff's Other Secret


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Nobody knew Bernie like I did, and nobody knows about me... Sheryl Weinstein met Bernie Madoff when she was just shy of forty, and went on to have a twenty-year secret, intimate relationship with the man now known as an evil mastermind, a villain of the greatest proportions. It was 1988 and Sheryl was facing a huge dilemma. Bernie Madoff was paying her a great deal of attention. She was in the midst of a rocky marriage and feeling vulnerable, when the powerful Wall Street mogul began making overtures. As a successful CPA and head of a major charitable organization, she had a lot to lose. She directed him to take things slowly. Over the next five years, there were business meetings over lunch, followed by intimate dinners in hotel rooms and finally, private moments that for a time seemed intensely satisfying to them both. "I'm not to be trusted," he once told her casually. She ignored it, having no idea how prophetic those words would be. After all, her relationship with Bernie was passionate and profound. She felt desirable. She was the one nobody knew about, with the window into the real man. So careful about investing her money, when the SEC cleared him in 1992 she decided to get in all the way--with her heart, her soul--and her financial future. Sheryl was in the wrong place at the wrong time. She couldn't possibly have imagined the devastation that would befall her. Learning the truth was shattering on so many levels. Many books are being written about the scale of Madoff's fraud, but until now, nothing has shown the man through private eyes. Sheryl Weinstein's riveting story reveals a Madoff who will shock and surprise you. From the boardroom to the bedroom, in each other, the two found something that had been lacking in their own lives. It's a story with tragic overtones--a drama that only now could find a devastating conclusion.




Too Good to Be True


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The untold story of the Madoff scandal, by one of the first journalists to question his investment practices Despite all the headlines about Bernard Madoff, he is still shrouded in mystery. How did he fool so many smart investors for so long? Who among his family and employees knew the truth? The person best qualified to answer these questions is Erin Arvedlund. In early 2001, she was suspicious of the amazing returns of Madoff's hedge fund. Her subsequent article in Barron's could have prevented a lot of misery, had the SEC followed up. Arvedlund presents a sweeping narrative of Madoff's career-from his youth in Queens, New York, to his early days working for his father­in- law, and finally to infamy as the world's most notorious swindler. Readers will be fascinated by Arvedlund's portrayal of Madoff, his empire, and all those who never considered that he might be too good to be true.




Bernard L. Madoff Charged In Multi-Billion Dollar Ponzi Scheme


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The SEC's complaint, filed in federal court in Manhattan, alleges that Madoff yesterday informed two senior employees that his investment advisory business was a fraud. Madoff told these employees that he was "finished," that he had "absolutely nothing," that "it's all just one big lie," and that it was "basically, a giant Ponzi scheme." The senior employees understood him to be saying that he had for years been paying returns to certain investors out of the principal received from other, different investors. Madoff admitted in this conversation that the firm was insolvent and had been for years, and that he estimated the losses from this fraud were at least $50 billion.According to regulatory filings, the Madoff firm had more than $17 billion in assets under management as of the beginning of 2008. It appears that virtually all assets of the advisory business are missing.




No One Would Listen


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Harry Markopolos and his team of financial sleuths discuss first-hand how they cracked the Madoff Ponzi scheme No One Would Listen is the thrilling story of how the Harry Markopolos, a little-known number cruncher from a Boston equity derivatives firm, and his investigative team uncovered Bernie Madoff's scam years before it made headlines, and how they desperately tried to warn the government, the industry, and the financial press. Page by page, Markopolos details his pursuit of the greatest financial criminal in history, and reveals the massive fraud, governmental incompetence, and criminal collusion that has changed thousands of lives forever-as well as the world's financial system. The only book to tell the story of Madoff's scam and the SEC's failings by those who saw both first hand Describes how Madoff was enabled by investors and fiduciaries alike Discusses how the SEC missed the red flags raised by Markopolos Despite repeated written and verbal warnings to the SEC by Harry Markopolos, Bernie Madoff was allowed to continue his operations. No One Would Listen paints a vivid portrait of Markopolos and his determined team of financial sleuths, and what impact Madoff's scam will have on financial markets and regulation for decades to come.




Bernie Madoff, the Wizard of Lies


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Based on award-winning reporter Diana Henriques' unprecedented access to Madoff, including extensive correspondence and his first interviews for publication since his arrest, "Bernie Madoff, The Wizard of Lies" is the ultimate true-life financial thriller.