Quote:
Originally Posted by Clodfobble
Wow. This is a guy who could have blown the whistle at any time,
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We don't know he did not. Many did blow the whistle on Madoff. Since the political agenda demanded deregulation and no government oversight, those numerous blown whistles were ignored.
A poltical agenda could not have been more apparent. Both Democrats and Republicans offered to double the SEC budget. Harvey Pitts (representing the George Jr adminstration's political agenda) refused to accept that money. That was the 2002(?) Enron hearings. It only got worse because the political agenda was to deregulate everything. Later, laws were passed to make regulations of derivatives illegal.
For all we know, Madoff's accountant did blow the whistle. What we do know is the George Jr administration ignored numerous Madoff whistleblowers. Even refused to prosecute Skilling and Lay for Enron until embarrassed by the state of Oklahoma. We do not yet know if this accountant tried to blow a whistle. We do know that if he did, he would have been ignored.