Securities & Exchange Commission
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In 2009, the Securities and Exchange Commission (SEC) caught Bernard Madoff (Ponzi scheme) in lies but disregarded many concerns. What do you think about the fact that the SEC, whose purpose is to make sure that laws are obeyed, ignored these facts?
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Solution Summary
This solution provides an explanation of thoughts and ideas as to why the SEC ignored the Ponzi scheme.
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First, in reference to the SEC, sometimes I think that these commissions overlook certain people and companies. I think that there is a lot of overlooking when it comes to "money" and "power." More than likely, although this cannot be proven, there were probably people in the SEC that knew what Madoff ...
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