We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Madoff Scandal A Huge Blow To SEC Credibility

Law360 (December 15, 2008, 12:00 AM EST) -- As U.S. Securities and Exchange Commission investigators set up camp inside Bernard L. Madoff’s investment firm and attempt to unravel a stunning scam that could have resulted in some $50 billion in losses for investors, others are beginning to wonder what kind of hit the agency itself will take as the full scale of the plot becomes known.

A criminal complaint filed Thursday charged Madoff with securities fraud for allegedly defrauding investors for as much as $50 billion. The SEC moved in after learning that Madoff...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.