Catch Me If You Can

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As we learn more about the intricacies of the Bernie Madoff saga, it becomes painfully obvious that the SEC failed miserably. Allan Dodds Frank digs through the inspector general’s report.

Wall Street legend Bernie Madoff repeatedly lied to inexperienced SEC investigators, fed them documents that probably were false, and browbeat them into submission with temper tantrums, according to SEC Inspector General H. David Kotz. Madoff, in one memorable assertion in 2005, even told investigators he was on “the short list” to be the next chairman of the SEC.

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