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SEC Rejects Madoff Customer Damage Claim for $1.7 Million; Lawsuit Likely
National News June 24, 2009
The U.S. Securities and Exchange Commission has rejected an attempt by a Bernard Madoff customer to get the agency to pay $1.7 million she lost in the fraud, setting the stage for a federal ...
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| Subject | Posted By | Posted On |
|---|---|---|
| Government Oversight | Fred Hilpert | Jun 25, 2009, 7:19 am |
| Hope this is just a start | Swindler | Jun 24, 2009, 5:28 pm |
| I hope they win | Baxtor | Jun 24, 2009, 5:26 pm |
| Back to article | ||


Subject: Government Oversight
The Securities and Exchange Commission and is a beautiful example - authority with NO responsibility.
If out federal, state, county, or cities governments bring into existence an "oversight" organization, we the people have the constitutional right to hold it accountable. The Bernard Madoff case shows that the SEC was just a bunch of lazy bureaucrats smoking and joking on my tax dollar.