Two Madoff Victims File Lawsuit Against The SEC

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First Posted: 10-14-09 05:15 PM   |   Updated: 10-14-09 06:53 PM

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Bernie Madoff

Reuters:

Two victims of Bernard Madoff's Ponzi scheme filed a federal lawsuit against the U.S. Securities and Exchange Commission on Wednesday, seeking at least the $2.4 million they lost in the fraud.

The victims, believed to be the first to sue the SEC over the $65 billion fraud, said in court papers the agency was negligent and breached its duties by failing to investigate Madoff, despite numerous warnings and tips.

Read the whole story: Reuters

Two victims of Bernard Madoff's Ponzi scheme filed a federal lawsuit against the U.S. Securities and Exchange Commission on Wednesday, seeking at least the $2.4 million they lost in the fraud. The vi...
Two victims of Bernard Madoff's Ponzi scheme filed a federal lawsuit against the U.S. Securities and Exchange Commission on Wednesday, seeking at least the $2.4 million they lost in the fraud. The vi...
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- NeoconGal I'm a Fan of NeoconGal 9 fans permalink
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Ha Ha Ha.

    Reply    Favorite    Flag as abusive Posted 11:08 PM on 10/14/2009

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