Event
Madoff Ponzi scheme
On 11 December 2008 the SEC sued Bernard Madoff over what it alleged was a Ponzi scheme; he was sentenced to 150 years in 2009.
- Dates
- 11 Dec 2008
- Also known as
- Madoff fraud
According to Harry Markopolos
- involved Harry Markopolos
According to SEC Office of Inspector General
Connections 5
involved
- Bernard Madoff sued by the SEC on 11 December 2008; pleaded guilty on 12 March 2009 Primary record 12
- Harry Markopolos says he sent the SEC written submissions in 2000, 2001, 2005, 2007 and 2008 According to Harry Markopolos Primary record 1
- U.S. Securities and Exchange Commission received six substantive complaints between 1992 and 2008, by its inspector general’s count According to SEC Office of Inspector General Primary record 3
appears in
- Investigation of Failure of the SEC to Uncover Bernard Madoff’s Ponzi Scheme Primary record 3
- The World’s Largest Hedge Fund Is a Fraud the 2005 submission Primary record 3
Timeline 1 date
- 11 Dec 2008 Madoff Ponzi scheme
Proof 3 sources
-
Assessing the Madoff Ponzi Scheme and Regulatory Failures (hearing, Subcommittee on Capital Markets, House Committee on Financial Services), U.S. House of Representatives, Committee on Financial Services (via the Government Publishing Office), 4 Feb 2009.
Primary record
On December 11, 2008, the SEC sued Mr. Madoff and his firm for securities and investment advisory fraud in connection with an alleged Ponzi scheme
as they didn't respond to my written submissions in 2000, 2001, 2005, 2007, and 2008, here we are today.
-
Bernard Madoff Sentenced to 150 Years in Prison (press release), U.S. Attorney’s Office, Southern District of New York, 29 Jun 2009.
Primary record
MADOFF has been in custody since he pleaded guilty on March 12, 2009, to an eleven-count Information charging securities fraud, investment adviser fraud, mail fraud, wire fraud
-
Oversight of the Securities and Exchange Commission’s Failure to Identify the Bernard L. Madoff Ponzi Scheme and How to Improve SEC Performance (Senate hearing, S. Hrg. 111-368), U.S. Senate, Committee on Banking, Housing, and Urban Affairs (via the Government Publishing Office), 10 Sep 2009.
Primary record
the SEC received six substantive complaints that raised significant red flags concerning Madoff’s investment adviser operations
On August 31, 2009, we issued to the SEC Chairman a comprehensive report of investigation in the Madoff matter containing over 450 pages of analysis.
The complaint submitted in 2005, entitled “The World’s Largest Hedge Fund is a Fraud,” detailed approximately 30 red flags
Page history 1 change
- Add 55 stories, each checked against its sources96e92fe6
Something wrong or missing? Tell us, with a source, or edit this page.