02.06.2013 - 06:46 [ Rolling Stone ]

Why Didn‘t the SEC Catch Madoff? It Might Have Been Policy Not To

This has been true of people outside the SEC, like Harry Markopolos or Leyla Wydler, who came forward with information about the Stanford Ponzi scheme, only to be ignored by the SEC. Both the Madoff and Stanford cases, which incidentally were both „IM cases,“ snowballed into far bigger disasters than was necessary because the agency identically blew off those two whistleblowers.