Madoff victims enraged at SEC’s decision to keep employees who failed to stop fraud

Victims of Bernard Madoff’s Ponzi scheme have reacted angrily to the Securities and Exchange Commission’s decision not to fire any employee over the agency’s failure to stop the massive fraud. “That Mary Schapiro would have a greater sense of obligation to the personnel in her agency than the investors in this country she is charged to protect is beyond my understanding,” Ron Stein, president of an advocacy and support group for Madoff victims, said in a statement. Read more in the Washington Post here.

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