Investor tries to hold SEC liable for Madoff losses (Reuters)

Posted by admin on December 25, 2008 under News | Be the First to Comment

Investor tries to hold SEC liable for Madoff losses (Reuters)

The offices of Bernard Madoff, who confessed to defrauding investors of 50 billion dollars, are seen on 885 Third Avenue in New York December 15, 2008. An investor who lost nearly $2 million investing with Bernard Madoff has filed a claim against the U.S. Securities and Exchange Commission (SEC) alleging the agency was negligent in failing to detect an alleged decades-long fraud, the Wall Street Journal said. (Chip East/Reuters)Reuters – A woman who says she gave accused swindler Bernard Madoff $2 million to manage is trying to hold U.S. regulators responsible for her losses, a case that shows how widely investors are casting their net in trying to find potential defendants in the scandal.


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