NEW YORK (MarketWatch) — The odds of another Bernie Madoff-style financial fraud have been greatly reduced during the past four years, Wall Street’s retiring top cop said Sunday. “The chances of it happening again are very slight,” Robert Khuzami, the outgoing enforcement director of the Securities and Exchange Commission, told the Bloomberg Government Sunday show “Capitol Gains.” Bernard Madoff is serving a 150-year federal sentence for mastermind a $17.5 billion fraud. Madoff, 74, pleaded guilty in 2009 to running a $17.5 billion Ponzi scheme viewed as the largest financial fraud in U.S. history. He is serving a 150-year federal prison term. More on MarketWatch here.
