This just in: John Malkovich files claim for money lost to Madoff; Bone Thugs-n-Harmony member arrested in Ohio

John Malkovich, left, and Bernie Madoff. (Reuters file photos)
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April 2, 2010; 1:00 AM ET
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Posted by: thingsfallapart | April 2, 2010 3:40 PM | Report abuse
I sure hope the SEC and their bastard child SIPC see the light and payoff Madoff victims.
These people would not have been "victims" if SEC had ever done a REAL audit of Madoff's firm 20 plus years ago - Rule of thumb - Firm depository Assets = Sum total of Client Statement Assets.. sound auditing wasn't Rocket Science. The SEC, SIPC, FINRA and any other regulatory agency involved are negligent!
If SEC, SIPC and FINRA don't step up to the plate, all investors in US markets should be outraged- PUBLIC: Don't trust that your funds are insured in ANY US FINANCIAL MARKET- some type of fraud is usually involved in every failed institution.
Posted by: 1DirtyDog | April 3, 2010 7:14 AM | Report abuse
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