The meeting took place yesterday, at Bernie's office in the Metropolitan Correctional Center. The participants are pretty hush hush about what was discussed but it sounds like Ruth, Andy, Mark and the secretary who felt the need to tell Vanity Fair about his love of massage parlor handies might want to get out of town (yeah, he said he wasn't going to sell them down the river, but guess what? Things change and Ponzi Boy's gotta make some sacrifices if he wants to get back in the game).

Admitted fraudster Bernard Madoff, the mastermind of history's biggest Ponzi scheme, had a three-hour meeting with the Securities and Exchange Commission's top watchdog this week, several sources with knowledge of the situation told CNN.

The session took place Wednesday at New York's Metropolitan Correctional Center, where Madoff is awaiting sentencing on federal fraud charges, the sources said. He met with SEC Inspector-General David Kotz, who is investigating what federal securities regulators knew about Madoff's $50 billion enterprise before it collapsed in December.

Asked about the reported meeting, Kotz said only, "We've been making substantial progress in the investigation and plan to issue a comprehensive report very shortly." He told a congressional committee earlier this week that his main report should be complete by the end of August.