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
I do t have the sources on-hand but I think if knowing what we know today, you would find the same if you went back down the rabbit hole of Enron and Tyco.
I used to love these kinds of posts in r/conspiracy before things got so weird. They aren't conspiracies, obviously, just a place where this was talked about openly.
Its all cover ups, it is corruption, possibly wide spread corruption. And its happening now to General Electric , maybe people are saying it. I personally don't know the evidence. But cooking the books is very real folks. Not just for a ponzi scheme but also with publicly traded companies books to make the stock appear healthy