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The Madoff Fraud:Scam of the Century
SEC charges Madoff

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The SEC has entered into a partial settlement of its enforcement action against...

Votes:35 Comments:0
The first in what promises to be a long series of steps to resolve the Madoff scandal took place yesterday. The SEC has entered into a partial settlement of its enforcement action against Bernard Mado READ MORE
http://www.secactions.com/...

Top US SEC Officials To Testify At Madoff Hearing

Votes:22 Comments:0
Five top U.S. Securities and Exchange Commission officials are expected to testify at a Congressional hearing into why regulators missed Bernard Madoff's alleged $50 billion fraud. The SEC's director READ MORE
http://www.javno.com/en/economy/clanak.php...

SEC Complaint Madoff Fraud

Votes:33 Comments:0
The Commission brings this emergency action to halt ongoing fraudulent offerings of securities and investment advisory fraud by Madoff and BMIS, a broker dealer and investment adviser registered wit READ MORE
http://www.sec.gov/litigation/complaints/2008/comp-madoff121108.pdf

SEC Charges Madoff for Ponzi Scheme

Votes:25 Comments:0
SEC Charges Bernard L. Madoff for Multi-Billion Dollar Ponzi Scheme FOR IMMEDIATE RELEASE 2008-293 Washington, D.C., Dec. 11, 2008 — The Securities and Exchange Commission today charged Bernard READ MORE
http://www.sec.gov/news/press/2008/2008-293.htm

SEC order imposing Prelininary Injunction and asset freeze -Madoff Fraud

Votes:30 Comments:0
ORDER ON CONSENT IMPOSlNG PRELIMINARY INJUNCTION, FREEZING ASSETS AND GRANTING OTHER RELIEF AGAINST DEFENDANTS The Securities and Exchange Commission ("SEC") having filed a Complaint in this matter READ MORE
http://www.sec.gov/news/press/2008/2008-293-order-2.pdf

Madoff Investigators Said to Be Struggling Over Scheme’s Scope

Votes:15 Comments:0
Madoff Investigators Said to Be Struggling Over Scheme’s Scope By Patricia Hurtado Jan. 9 (Bloomberg) -- Almost a month after Bernard Madoff was arrested for securities fraud, investigators a READ MORE
http://www.bloomberg.com/apps/news...
SEC Charges Bernard L. Madoff for Multi-Billion Dollar Ponzi Scheme Washington, D.C., Dec. 11, 2008 — 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 firm. The SEC is seeking emergency relief for investors, including an asset freeze and the appointment of a receiver for the firm. 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.
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