• 16 Jun 2009 at 1:18 PM

Has The SEC Done Any Work On The Madoff Case?

By Greg Michaels

Pau Kanjorski.jpgHaving shown remarkable ineptitude for detecting fraud, the SEC is now taking heat from Pennsylvania Congressman Paul Kanjorski for its inability to do anything once it’s handed a case on a Harry Markopolos silver platter. Kanjorski is less than impressed that 6 months into the Bernie investigation, the SEC’s robust efforts have yielded a hefty one-page summary on the Ponzi King’s magic which was included in its March 31st semi-annual report. After prodding the SEC’s inspector general, H. David Kotz, yesterday for some details, Kanjoriski was undoubtedly relieved when Kotz responded that the Madoff reports were coming “very shortly”.
Congressman, Again, Pushes S.E.C. for Madoff Report [Dealbook]

Comments (12)

  1. 1
    Posted by guest | June 16, 2009 at 1:20 PM

    Having shown remarkable ineptitude for journalism…..

  2. 2
    Posted by guest | June 16, 2009 at 1:28 PM

    The dog ate the Madoff report.
    Sincerely,
    The SEC
    P.S. We still can’t understand anything Markopolus is talking about.

  3. 3
    Posted by guest | June 16, 2009 at 1:30 PM

    they should pull the old “accidentally” sent the email without the attachment trick.

  4. 4
    Posted by guest | June 16, 2009 at 1:31 PM

    Yes, the SEC has done some work on the Madoff case. Sometime after 3/18/2009, the Madoff statements of financial condition in PDF format were removed from the SEC website. (The statements can be found online at Scribd.)

  5. 5
    Posted by guest | June 16, 2009 at 1:31 PM

    Greg tried to ask Bess out on a date last night:
    http://www.youtube.com/watch?v=vZChD_Gni8U

  6. 6
    Posted by guest | June 16, 2009 at 1:37 PM

    Dejected, Greg then went to his night job
    http://www.youtube.com/watch?v=E4VxewepbYk&feature=related

  7. 7
    Posted by guest | June 16, 2009 at 1:42 PM

    Greg,
    You are hated.
    Sincerely,
    Everyone you have ever met.

  8. 8
    Posted by guest | June 16, 2009 at 1:47 PM

    hahaha

  9. 9
    Posted by guest | June 16, 2009 at 2:09 PM

    people are not taking it easy on the hatorade here..

  10. 10
    Posted by guest | June 16, 2009 at 3:10 PM

    If you’re not nice to Greg he may resort to quoting un-named sources. Wouldn’t that be a time-waster?

  11. 11
    Posted by guest | June 16, 2009 at 3:20 PM

    I farted and @7 came out…woops

  12. 12
    Posted by guest | June 17, 2009 at 12:19 AM

    SEC lawyers:
    –still attempting complex trade to front-run Madoff fund
    –finding one’s own ass w/both hands priority one

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