Senate Holds Hearing On Madoff Ponzi Scheme And SEC Oversight
In This Photo: David Kotz
U.S. Securities and Exchange Commission Inspector General David Kotz testifies about the failure of the SEC to discover Bernard L. Madoff's ponzi scheme during a hearing before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill on September 10, 2009 in Washington, DC. Kotz said the ponzi scheme was not uncovered by the commission due to Madoff's savvy and reputation, combined with incompetent work by SEC investigators.
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