The crooks are in charge.
Bernard Madoff once boasted that he ‘was on the short list’ to be the next chairman of the Securities and Exchange Commission, according to a report issued Wednesday by the agency’s internal watchdog.
The blistering report offers new details into how the agency missed the multi-billion-dollar Ponzi scheme.
Madoff’s claim came during a 2005 interview with agency investigators. The report doesn’t detail whether Madoff’s claim was ultimately verified but it did note that Madoff told the investigators that Christopher Cox — the now-disgraced former SEC chairman — would be appointed to the position ‘a few weeks prior’ to the official announcement.
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