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Madoff was the same as well. SEC "investigators" accepted falsified documents and failed to verify transactions with third parties. Particularly with options

Madoff was the same as well. SEC "investigators" accepted falsified documents and failed to verify transactions with third parties. Particularly with options trades.

kgwgk 6y ago
But he didn’t exactly fool his auditor... https://www.sec.gov/news/press/2009/2009-60.htm https://www.sec.gov/news/press/2009/2009-60.htm
- icedchai 6y ago
  He fooled them for many many years, over 16 years according to Wikipedia. If the financial crisis didn't happen, it would probably still be going on.
  - kgwgk 6y ago
    I meant he and his auditor fooled the SEC.
    - icedchai 6y ago
      Okay. That's what I meant, too. He fooled the SEC for over 16 years.