Comments on: DC’s Cosa Nostra http://www.blackinformant.com/politics/dcs-cosa-nostra Engaging the culture by challenging the status quo Mon, 06 Feb 2012 14:52:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jack-NYC http://www.blackinformant.com/politics/dcs-cosa-nostra/comment-page-1#comment-8817 Jack-NYC Wed, 31 Dec 2008 21:51:43 +0000 http://www.blackinformant.com/?p=6917#comment-8817 Re Mary Schapiro (who I don't follow and therefore have no opinion about), before they collapse Ponzi schemes are very hard to detect, unlike insider trading, which can be electronically flagged. Did any Madoff investor ever complain to the SEC (I'm not aware any did, but I could be wrong, correct me if I am)? I know non-investors complained, but the man-hours required to fully investigate wasn't worth it to the SEC, since investors with skin-in-the-game were happy. Re Mary Schapiro (who I don’t follow and therefore have no opinion about), before they collapse Ponzi schemes are very hard to detect, unlike insider trading, which can be electronically flagged.

Did any Madoff investor ever complain to the SEC (I’m not aware any did, but I could be wrong, correct me if I am)? I know non-investors complained, but the man-hours required to fully investigate wasn’t worth it to the SEC, since investors with skin-in-the-game were happy.

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