SEC Watchdog Slams Ex-GC For Madoff Ties

Law360, New York (September 20, 2011, 5:11 PM EDT) -- Former U.S. Securities and Exchange Commission general counsel David Becker had a conflict of interest when he handled the agency's response to Bernard L. Madoff's massive Ponzi scheme, and may face a criminal investigation, according to a report issued Tuesday.

The report from the SEC's Office of the Inspector General centers on Becker’s inheritance of Madoff funds from his mother’s estate. The report found that because of this inheritance, Becker was in a position to directly benefit his personal financial situation while serving as an architect...
To view the full article, register now.