Bernie Madoff Affair

1. Ultimately, I think the SEC did non properly do their jobs when it came to investigating the Bernie Madoff fiasco. The SEC ascertaind numerous red flags from hassle Markopolos and yet, did not further any actions. First waste created an 8 page memo of everything that was suspicious of Bernies Ponzi scheme and how it did not add up. They did a minor investigation, saw that Bernie was stressing; but at long last cle ared him of any of the allegations. Over the next 10 years, Harry and his associates were trying to amaze together more conclusive and unscathed education that clearly incriminates Bernie. Finally in 2006, Harry created a 21 page memo of all of the Evil plant Bernie was creating. Harry got his word out and now the SEC was put under the bus on how they did not act on Mr. Markopoloss information. They also would not be criticized on their inadequacy of financial expertise and lack of due diligence. The SEC looked bid the guilty party when they were being asked questions. 2. When it comes down to it, the ones that are at fault are: Bernie and his other big shot investment funds friends like Ezra Merkin, Frank Avellino and Stanley Chase. They are the ones that moved their investors and marketers to Bernie. They also withheld information about the whereabouts of their clients money and if it actually existed.

These gentlemen were also masters of fantasy and misleading their investors whole-heartedly into Bernies mitts. Not to mention, they all made millions upon millions of dollars in this entire scheme. 3. I dont think that the national government could make up incur the losses of the Madoff fraud even if they wanted to. The US government is so far in debt with themselves and other countries, we dont have money to lend. We are in the upwards of trillions of dollars in debt. It was hard enough to receive the government bailout for the auto and bank industries. Our government is not passing game to be willing to expunge 64 billion dollars in lost revenue to the thousands... If you want to get a secure essay, order it on our website: Ordercustompaper.com

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