First, Madoff victims seized on the SEC’s admitted failures in the Madoff case, which were further documented by the SEC Inspector General’s scathing report on the matter, as the basis for a lawsuit in federal court seeking millions in damages. Now, even a defendant in a Madoff-related SEC case is making an issue of the SEC’s botched investigations, arguing that the SEC’s lawsuit against him should be dismissed as a result. Read Securities Docket Report here.
Sourced from: Madoff Help News & Assistance
