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Archive Home > 2008 > December > 18 > SEC knew Madoff as friend, foe

SEC knew Madoff as friend, foe

Although he was admired and an occasional ally, regulators deny Madoff held influence with them

By Stephen Labaton / The Bulletin
December 18, 2008

WASHINGTON — As the Securities and Exchange Commission begins an internal examination into how it missed the red flags of one of the largest frauds in history, it will inevitably discover that Bernard Madoff was a Wall Street pioneer who over the past 20 years alternately impressed and....

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