The SEC's failure to investigate and put an end to Madoff's crime, its announcing in 1992 that there was no problem with Madoff and its failure ever to correct that statement, its consequent sabotaging of thousands of investors with the literal impoverishing of countless numbers and the crippling of many charities, medical research organizations and injury to pension funds, must be one of the greatest regulatory failures in American history, if not the single greatest failure.

This is the audio version of Dean Lawrence R. Velvel's blog, www.velvelonnationalaffairs.com
For more information on The Massachusetts School of Law, log on to www.mslaw.edu
And to hear (and see!) the history of MSL, please visit "Against the Tide" on www.podiobooks.com or in the podcast section of iTunes

A foremost red flag was that Madoff apparently was not even making the trades of securities shown on the monthly statements. The trades shown on the monthly statements were fictitious, a fact which still seems unbelievable a month after the scandal broke. Experts who checked this got out of Madoff. The expert SEC apparently checked out none of this however, so the average investor was again left completely in the dark.

This is the audio version of Dean Lawrence R. Velvel's blog, www.velvelonnationalaffairs.com
For more information on The Massachusetts School of Law, log on to www.mslaw.edu
And to hear (and see!) the history of MSL, please visit "Against the Tide" on www.podiobooks.com or in the podcast section of iTunes

I first heard of Bernie Madoff at some point in approximately the early 1990s. I think it must have been sometime around 1992 or 1993 because one of the points that made a big impression when I heard of him was that the SEC had investigated and had publicly said it found nothing wrong with what Madoff was doing.

This is the audio version of Dean Lawrence R. Velvel's blog, www.velvelonnationalaffairs.com
For more information on The Massachusetts School of Law, log on to www.mslaw.edu
And to hear (and see!) the history of MSL, please visit "Against the Tide" on www.podiobooks.com or in the podcast section of iTunes

An extensive complaint seeking federal prosecution of American officials who ordered, authorized, approved or committed war crimes is currently being prepared. While the complaint is in preparation, the Steering Committee of the Justice Robert H. Jackson Conference is issuing this preliminary memorandum setting forth several of the points to be presented more extensively in the complaint itself.

This is the audio version of Dean Lawrence R. Velvel's blog, www.velvelonnationalaffairs.com
For more information on The Massachusetts School of Law, log on to www.mslaw.edu
And to hear (and see!) the history of MSL, please visit "Against the Tide" on www.podiobooks.com or in the podcast section of iTunes