"A republic, if you can keep it." Defeat MAGA
"A republic, if you can keep it." Defeat MAGA
Doug Henwood Apparently the SEC has known that something was fishy with Stanford for years. The same with Madoff before him. Yet they did nothing. Was this corruption? Bribery? Self-censorship? Complacency? Probably all of them. But this is a society…
[Madoff] told a federal agent that he’d “personally traded” for clients, according to the complaint. James Ratley, president of the Association of Certified Fraud Examiners, said he’s convinced Madoff was lying to the FBI. Q: How do you tell if…
As the investigators dug deeper into Stanford’s operations, they faced roadblocks. They were told by bank employees that they didn’t have jurisdiction to access records of the bank and couldn’t see relevant documents, according to court records. Madoff also refused…
Madoff bought no securities for at least 13 years, yet no regulator had a clue. Stanford broker fired for asking questions. The SEC knew about this, and multiple other Stanford complaints too, and of course did nothing. Just like they…
But the bottom line is that a guy in the drug trade, with amazing connections to politicians (the latest are Bill Clinton and Nancy Pelosi), was treated with kid gloves by regulators, who could’ve easily nailed him first but… didn’t.…