Congress blasts agency over Madoff 'fraud' blunders
House of Representatives members accused America’s Securities and Exchange Commission of impeding their probe into how the agency failed to uncover the alleged £35bn (€39.2bn) fraud perpetrated by Bernard Madoff.
The clash between politicians and high-ranking SEC officials came at a hearing after the whistleblower in the case, Harry Markopolos, said he had feared for his safety and would turn over new evidence to the agency showing the alleged Ponzi -pyramid – scheme mastermind had not acted alone.
