A former investment manager was ready to tell a House hearing on Wednesday that the Securities and Exchange Commission ignored repeated warnings about the relationships of financial misfortune Bernard L. Madoff.
The director, Harry Markopolos says that the warnings about Mr. Madoff presented since 2000 and that assails the agency for ignoring their warnings to one side or brushing. “Nothing has been done,” he declares, with Dow Jones Newswires and Fox Business report was prepared testimony.