Madoff's $80 Billion Scam was known to Wall Street Financial Regulators

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SEC Repeatedly Turned a Blind Eye to Valid Complaints of Madoff Fraud


The SEC’s own Inspector General( OIG) has found that between 1992 and 2008 the SEC received six substantive complaints about fraudster Bernie Madoff’s hedge fund operations yet never conducted a thorough and competent examination of them.

The SEC conducted two investigations and three examinations based on credible complaints about Madoff’s operations but never verified Madoff’s trading or conducted a Ponzi scheme probe.

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Our government knew about Madoff and did nothing. Our government knew about 9/11 plotters and did nothing. Our government knew about the Christmas bomber plans and did nothing. Our government knew about the Austin IRS plane attack and did nothing. You better worrry when our government says, "We will be attacked in three to six months."

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