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Dan From Reno Scribbled:
With this level of detail, the only ways the SEC could fail to uncover the fraud was if they were bought off or if they wanted to avoid finding it. Mere incompetence can not explain it.

Madoff_SECdocs_20081217

This is the detailed analysis filed with the SEC about Bernie Madoff's fruad. / It was ignored by the SEC headed by COX

ritholtz

12 / 20 / 2008