The Madoff Scandal
"Legacy of shame" and 150 years in prison
Bernard Madoff was sentenced to 150 years in prison for perpetrating Wall Street's biggest investment fraud, the maximum punishment allowed for what the judge called "extraordinarily evil" crimes. Full Article
Why did the SEC fail to spot the Madoff case?
The central flaw at the SEC is that its current oversight approach is not sufficiently risk focused, writes Mark T. Williams, a risk-management expert and former Federal Reserve Bank examiner. Commentary

