SEC Probing Several Other Potential Madoff-Style Scams
That's according to the obligatory person familiar with the situation.
The Securities and Exchange Commission is casting a wide net as it investigates the apparent $50 billion fraud allegedly committed by Bernard Madoff, and it continues to look into whether Mr. Madoff's family had any connection to wrongdoing, according to a person familiar with the probe.
The publicity surrounding the Madoff scandal has sparked a half-dozen SEC investigations into other alleged Ponzi schemes, the person familiar with the probe said. Investors are taking closer note of red flags such as promised returns that seem too good to be true, and some are bringing their concerns to the SEC, this person said.
Handcrafted by Flip on December 26, 2008 |
TrackBack URL for this entry:
Listed below are links to weblogs that reference SEC Probing Several Other Potential Madoff-Style Scams: