100% the SEC knew that Bernie Madoff was a total complete fraud .
Of course. Because the President of the SEC was married to Bernies Daughter
He literally wasn't even sending Trades to wall street exchanges. Literally No Trading for Bernies Ponzi Scheme the last 25 years of his Fraud
Harry Markopolous blew the whistle and the SEC refused to listen and refused to investigate.
Harry ( forensic auditing accountant) tried to blow the whistle 5 times ! And nobody would Listen.
He wrote a book called " Nobody would Listen"
And they still wouldn't Investigate Bernie Madoff
He was the secret within wall street , the elephant in the room
He offered the biggest commissions for selling of his products world wide to super wealthy, so everyone pushed his products and they knew the returns were better than the stock market. With no risk! They got repeat business and more commissions
So everyone was happy
And
https://youtu.be/uw_Tgu0txS0 cspan testimony
Thank you for sharing it. The SEC was founded by a crook who helped coordinate the Wall Street crash of '29 that started the great depression, Joe Kennedy, and when called out for FDR said "It takes a crook to catch a crook" and in my life time it's all been crooked and probably was back then too.