Swindled Madoff Investors Sue U.S. Gov't for Ignoring 'Smoking Guns' in Ponzi Scheme

Investors "lured" by the impressive returns of Bernie Madoff's billion-dollar fraud are pointing the finger at the U.S. government for failing to stop the massive Ponzi scheme, accusing the U.S. Securities and Exchange Commission (SEC) with "serial, gross negligence" in investigating Madoff's investment firm and saying the SEC "botched" opportunities to protect investors from criminal activity. Citing examples from a scathing internal investigation by the SEC's own inspector general, a...Full Story
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