David Becker was the Securities and Exchange Commission’s top lawyer, but he could not keep Bernie Madoff away from his own mother. When she died in 2004, she left Mr. Becker and his siblings an estate that included a $2 million Madoff account. His father had made the investment, originally. Didn’t his parents ever get a fake statement in the mail and say, “Hey, this is great. Maybe we should show our son, the securities lawyer?” Mr. Becker’s parents died not knowing how the investment would turn out. Mr. Becker’s brother liquidated the account in 2005 to pay estate taxes, also not knowing. Read Wall Street Journal article here.
