Could they have busted Madoff in 2004?

[Moby]

http://news.yahoo.com/s/nm/20090702/bs_nm/us_madoff_sec_2
Thu Jul 2, 1:48 am ET
WASHINGTON (Reuters) – A U.S. Securities and Exchange Commission lawyer warned about irregularities at Bernard Madoff's financial management firm as far back as 2004, The Washington Post reported on Thursday, citing agency documents and sources familiar with the investigation.

Genevievette Walker-Lightfoot, a lawyer in the SEC's Office of Compliance Inspections and Examinations, sent emails to a supervisor saying information provided by Madoff during her review didn't add up and suggesting a set of questions to ask his firm, the report said.

Several of the questions directly challenged Madoff activities that turned out to be elements of his massive fraud, the newspaper said.

Madoff, 71, was sentenced to a prison term of 150 years on Monday after he pleaded guilty in March to a decades-long fraud that U.S. prosecutors said drew in as much as $65 billion.

The Washington Post reported that when Walker-Lightfoot reviewed the paper documents and electronic data supplied to the SEC by Madoff, she found it full of inconsistencies, according to documents, a former SEC official and another person knowledgeable about the 2004 investigation.

The newspaper said the SEC staffer raised concerns about Madoff but, at the time, the SEC was under pressure to look for wrongdoing in the mutual fund industry. Walker-Lightfoot was told to focus on a separate probe into mutual funds, the report said.

One of Walker-Lightfoot's supervisors on the case was Eric Swanson, an assistant director of her department, the Post reported, citing two people familiar with the investigation.

Swanson later married Madoff's niece, and their relationship is now under review by the SEC inspector general, who is examining the agency's handling of the Madoff case, the Post reported.

Swanson, no longer with the agency, declined to comment, the Post said.

SEC spokesman John Nester also declined to comment, citing the ongoing investigation by the agency's inspector general, the newspaper said.

(Writing by JoAnne Allen; Editing by Eric Walsh)

[Life_Long_Dem!]

of course they could have but didnt because Bush didnt want to upset and piss of his corporate buddies by doing so.

[disrupter]

Every time the SEC actually goes against the congress's corporate masters the threaten to withdraw funding to the agency.

In the US market it is CYOA, Cover Your Own Ass, because the corporations are using your government to cover theirs while they take a grody dump on you.

Who did Bush* put in charge of the SEC after the Enron, WorldComm blow up?
Harvey Pitt, a paid lobbyist for the same accounting firms that brought you that disaster.
During the Clinton years the congress overrode the president & made it ilegal for honest shareholders to sue legal & accounting firms complicit in corporate fraud. They robbed the market of a natural, organic self-regulating mechanism.
So legal & accounting firms got big consulting fees convincing CEOs to lie and defraud shareholders with bogus quarterly reports, & they had COMPLETE IMMUNITY from shareholders & the SEC is terminally lame, especially on a prospective basis. Thanks to Dodd, Tauzin & Lieberman.

Not too long after that my thought is that the US market is rudely rigged for insiders & all the small investors are just getting set up & robbed by them,

And it is all fucking 'legal' because the law has been unethically twisted into a licensing of corruption rather than the implementor & guardian of ethical, honest & fair practices.

That is why i missed out on this most recent blow up.
Screw me once, shame on you.
Screw me twice, shame on me.

In theory the SEC could have stopped Madoff much earlier,
In reality they & your entire government is working against your & your nation's better interest & instead acting for a corporate centralized planned economy where they can guarantee, criminal profiteering for the elites.

*Bush got away with Insider trading at Harken Energy because the price eventually rose after he bailed out.

[The Professor]

madoff

LOLOLOL!

the president's agenda is already dead

none of his supporters can name a single agenda item not already dead bigger than an afterschool program in detroit

LOLOLOL!

mr madoff has to be seen in that context as a kinda cowardly attempt to change the subject from what's really going on

which is bigears obama the already irrelvant has LOST all his BIG TICKETS in just over ONE HUNDRED AND FIFTY DAYS

and THAT's with BOTH HOUSES behind him

SIXTY filibuster free!!! SENATORS

a MEDIA all THRILLED

a PLANET hi-5'ing

still, so sad---cap and trade's no more

the public option is doa

his answer to iran is laughable

HER stimulus is admitted failure, and THAT's according to pelosi/obama itself

LOLOLOL!

mr madoff

dang, the EARS crowd is getting desperate

The empathic Prof comprehends

ie, sympathizes

LOLOLOL!

carry on

a topic for you---skinheads are not skinny, and their heads are empty---discuss

LOLOLOL!

[Life_Long_Dem!]

madoff

LOLOLOL!

the president's agenda is already dead

none of his supporters can name a single agenda item not already dead bigger than an afterschool program in detroit

LOLOLOL!

mr madoff has to be seen in that context as a kinda cowardly attempt to change the subject from what's really going on
which is bigears obama the already irrelvant has LOST all his BIG TICKETS in just over ONE HUNDRED AND FIFTY DAYS

and THAT's with BOTH HOUSES behind him

SIXTY filibuster free!!! SENATORS

a MEDIA all THRILLED

a PLANET hi-5'ing

still, so sad---cap and trade's no more

the public option is doa

his answer to iran is laughable

HER stimulus is admitted failure, and THAT's according to pelosi/obama itself

LOLOLOL!

mr madoff

dang, the EARS crowd is getting desperate

The empathic Prof comprehends

ie, sympathizes

LOLOLOL!

carry on

a topic for you---skinheads are not skinny, and their heads are empty---discuss

LOLOLOL!
wow dude you never cease to amaze me...talking about madoff is not delfecting from Obama...there is way more in this world to talk about then him...you righties seem so obsessed with talking about Obama 24/7...its like a friend of mine said today, the republican right has nothing left so Obama is the new conservative...talk away my friend and the rest of us will expand on other issues.

[The Professor]

other issues...

LOLOLOLOL!

you, like msnbc, are INCAPABLE of talking about bigears

for obvious reasons

LOLOLOL!

cap and trade is dead

public option is dead

iran policy is a joke

gitmo makes him look as foolish as the 3 above

the cia tortured pelosi and somehow bigears came outta that too looking DUMBO

plan pelosi failed

the car takeover is doomed

12.65% of gdp is keynesian death, like gravity

he lied about putting legislation online

he lied about taxing those under 250

he lied about rendition

he lied about detention

he lied about lobbyists

he lied to the gays

he lied about taxing benefits

he lied about public finance

sure, go ahead

talk about OTHER ISSUES

LOLOLOL!!!

i completely understand

i, meanwhile, will talk about what's important

our GOVT IN THE MIDST OF OUR CRISIS

ie, barak bigears obama the already irrelevant

LOLOLOL!!!

thanks!

[Moby]

Everything is not a left or right issue. Madoff was making bank for a lot of people and some of them big donors and probably politicians. As long as Americans allow themselves to be divided by the billionaires this type of thing will continue to happen.

Get over yourselves.

[The Professor]

madoff's a jerk who's now a LIFER

none of US signifies outside our own teeny circle

bigears obama is already irrelevant

which is why he's the BIGGEST LOSER

bigears the already irrelevant squandered a PLANET's worth of advantages in 100 days

the media are PISSED!

that's pretty stupid, no?

LOLOLOL!

100 comebacks---yet NOT ONE finger of DEFENSE for the big DUMBO who killed (in 3 thrilling months) cap and trade, the public option, gitmo, the cars, the "torture," the rendition, the mccain plan...

[The Professor]

there is way more in this world to talk about than him...

i fully understand, even commiserate

LOLOLOL!

[radioguy]

Geeez... With all the problems we have going on with the economy and the world, all Moby can do is try and find something to hang on Bush.

Bush may be gone, but Bush Derangement Syndrome lives on. :lmao2:

.

[Moby]

Geeez... With all the problems we have going on with the economy and the world, all Moby can do is try and find something to hang on Bush.

Bush may be gone, but Bush Derangement Syndrome lives on. :lmao2:

.
Again you show your ignorance and inability to see beyond your programming. As I stated clearly in my follow up post, this is not a left or right issue.

I know such a statement is outside of what you've been programmed to handle so you should just leave things alone or send Beck and email and maybe he'll get some feedback from Luntz so that your canned response makes sense.

Sometimes it's better to be silent and thought a fool. You seem determined to remove all doubt. :thumbsup:

[The Professor]

links, please, mr CENSOR?

LOLOLOL!

[Moby]

links, please, mr CENSOR?

LOLOLOL!
Read the thread dip shit.

Remember when I asked you to stop lying? Remember how everyone came to your defense and claimed that you weren't lying because you really believed all the false information that you were spewing?

You're the only person here that both dems and reps think is too stupid to know the truth. Stop competing with RG. You won a long time ago.

[The Professor]

Remember how everyone came to your defense and claimed that you weren't lying because you really believed all the false information that you were spewing?

no, i'm afraid that can't be remembered cuz it never happened

i'm gonna have to DEMAND a link, CENSOR

or don't you LIVE UP to the STANDARDS you IMPOSE on OTHERS?

[Moby]

no, i'm afraid that can't be remembered cuz it never happened

i'm gonna have to DEMAND a link, CENSOR

or don't you LIVE UP to the STANDARDS you IMPOSE on OTHERS?
http://dcjunkies.com/showthread.php?t=8841

In the thread I posted 4 bits of very false information. Maybe you're not educated enough to know that you were lying but Seedy was all over the situation claiming that not knowing the truth was not grounds. Others joined in as well. Smurf went on and on about it in private messages.

The seriously most disturbing thread that you posted was telling these that everyone pays Social Security tax. That's just so wrong to tell these people that listen to commentators as if they're journalists. It borders on just being evil.

You should read the thread.

[The Professor]

You need to stop the smear campaigns, you don't know if this member is lying or using sources, he does need to post links but you should not call him a liar unless you can prove he is a liar. Where's your proof he's a liar??? No links proving Professor is a liar??

actually, here's what seedy said, mr CENSOR

where's your LINK to the POLL you referenced?

LOLOLOL!

[The Professor]

Is there a rule that allows mods to ban for lying??? Sounds like moderator abuse. Banning someone for lying is not going to be allowed. No links, where is the rule that forces people to use links to sources????????

Abusing members is not going to be allowed Sirmoby, you must not ban people nor threaten to ban them for reasons outside of the rules. You wanted to ban someone for using "faggot" and there was no rule at the time. You are once again oversteping the rules and you are abusing members

if you're gonna BAN liars, CENSOR...

LOLOLOL!

[The Professor]

all his supporters even claimed he's not responsible because he simply doesn't know

I think you're being ridiculous and you have it out for Cliff, that's what Bill used to do .

Practice what you preace SirMoby , I have asked for you for proof on many, many statements you have made in the past only to be ignored.

Prof is a great poster and you are just looking for an excuse to ban him.

hey, CENSOR, when you gonna BAN the LIAR?

LOLOLOL!

[The Professor]

I loved Cliff's political observations ... very deep, and humorus!

looks like all my supporters aren't quite backing you up

LOLOL!

do you STILL ban LIARS?

LOLOLOL!

[The Professor]

The Prof should be reinstated immediately. He's "called out" by a Mod as the subject of a thread and subsequently banned?

How Naziesque.

i'm still waiting for that "vote" you earlier referred to

link, please, mr CENSOR

LOLOLOL!

[The Professor]

a personal message i JUST received

from one of the most respected liberals on this forum

i will protect his or her confidentiality:




As much as I can't stand many who stand on the right in these forums, I wanted to thank you for being the most coherent and well spoken of any of them. Even though we disagree on most things, your approach encourages intellectual thought and not childish mud-slinging.
I wish you the best of luck in whatever you do.

[The Professor]

if you ask me, you're the one who over reacted by starting a thread singling out the Professor in the first place.

who's the LIAR, mr CENSOR?

[radioguy]

I think you're being ridiculous and you have it out for Cliff, that's what Bill used to do .

Practice what you preace SirMoby , I have asked for you for proof on many, many statements you have made in the past only to be ignored.

Prof is a great poster and you are just looking for an excuse to ban him.

Boy, can I relate to that statement... lol

Bill had a hard on for me from the get-go... He started out by picking apart everything I said to get a reaction out of me, then ended up refusing to respond to anything I posted... To put it simply, he was an ass.

Moby is following right along those lines now... I mean in being an ass. Just take a look at how many posts he's made lately where he references me in an insulting way to provoke a reaction... and many of them are in threads where I'm not even involved in the discussion.

If I were you Cliff, I would consider it an honor that Moby is fixated on you... I know I do... Him resorting to insults and nit-picking, means that we're getting under his skin by making solid argument that he can't deal with.

.

[The Professor]

everyone already voted on your ignorance

He didn't break any rules. He just does not agree politically with Sir Moby. And in a liberals world, that is enough to ban someone.

BURN HER!

BURN HER!

SHE's A WITCH!

LOLOLOL!

[The Professor]

Boy, can I relate to that statement... lol

Bill had a hard on for me from the get-go... He started out by picking apart everything I said to get a reaction out of me, then ended up refusing to respond to anything I posted... To put it simply, he was an ass.

Moby is following right along those lines now... I mean in being an ass. Just take a look at how many posts he's made lately where he references me in an insulting way to provoke a reaction... and many of them are in threads where I'm not even involved in the discussion.

If I were you Cliff, I would consider it an honor that Moby is fixated on you... I know I do... Him resorting to insults and nit-picking, means that we're getting under his skin by making solid argument that he can't deal with.

.

of course i see it that way

thanks!

the BAN was a TESTIMONY to my EFFECTIVENESS

i was SUPREMELY FLATTERED by all the ATTENTION

he made me a STAR!

nowhere near as big as MS PALIN, of course

LOLOL!

i understand they once tried to EXECUTE you

CENSORS are actually quite FUNNY!

CRUCIFY CLIFFY!

LOLOLOL!

[The Professor]

everyone claimed that you were too ignorant to know the truth

The Professor doesn't strike me as a liar

Who concluded that The Professor was indeed lying?

that vote you pointed to, CENSOR, seems to be going MY WAY

LOLOL!

the record shows
i took the blows
and DID IT
MYYYY
WAYYY!

LOLOLOL!

[The Professor]

What were the 4 items against Obama? Please post them here and show that you are telling the truth.

here, the CENSOR dissembles

claims to SMURF that he doesn't know the famous "4 items" (LOLOLOL!) that the CENSOR HIMSELF originally cited

LOLOLOL!

exactly WHO's the LIAR?

BAN HER!

BAN HER!

SHE's A WITCH!

LOLOLOL!

[The Professor]

Cliffy is a very smart guy (aka prof) I've known him for a while now (from other boards) and there's no way some of his stuff is plagiarized.

another VOTE goes against the CENSOR

LOLOLOL!

[The Professor]

It is a message board, not a book to be published or a news source. Opinions are just that......

another member in favor of FREEDOM and opposed to CENSORSHIP

LOLOLOL!

[The Professor]

I warned a man that claimed to be a professor about lying.

I waned him when he made the statement many days before

blatantly UNtrue

i'd NEVER HEARD of you

you started a thread about me at 11:46am on 4-17

i responded immediately thus:

thank you, sir

but there is NO LINK for OBAMA and PELOSI being TWINS

for obama being a pelosi CLONE

ie, it's INTERPRETATION

and certainly VALID

i flesh out the COMPARISON with solid REASONING

i will admit to painting on dcj with my broadest brush

it's called HARDBALL OPPOSITION politics

and i would think it would be just what djc, being, y'know, fair, would want

for you, sir, however, i will try to apply my finer filberts

thank you, sincerely, for the notification

cliff

aka, The Prof

i then went back to work bashing obama

with my finest filaments

i posted this at 2:17

not a single lie, sir, all sincere belief

maybe a mistake, The Prof is imperfect, he's human

i'm surprised you desire back and forth on this

i hear you

i will use my pointier brushes, just for you, out of respect

i tried already to do so in my newest piece, Extremist

thank you, sir moby

i edited it, took the 9000 claim down to 8000

removed the word amnesty cuz, tho i can PEG ms P easily on amnesty, the mumblings outta O's mouth last week were a little less coherent

cliff, The Prof

i was busy going about providing links for what you demanded

i posted this at 2:37pm:

i googled---acorn fraud registration, this was my FIRST hit, 30 seconds of googling

Recent Fraud

State Year Details
AR 1998 A contractor with ACORN-affiliated Project Vote was arrested for falsifying about 400 voter registration cards.
CO 2005 Two ex-ACORN employees were convicted in Denver of perjury for submitting false voter registrations.
2004 An ACORN employee admitted to forging signatures and registering three of her friends to vote 40 times.
CT 2008 The New York Post reported that ACORN submitted a voter registration card for a 7-year-old Bridgeport girl. Another 8,000 cards from the same city will be scrutinized for possible fraud.
FL 2008 Election officials in Brevard County have given prosecutors more than 23 suspect registrations from ACORN. The state's Division of Elections is also investigating complaints in Orange and Broward Counties.
2004 A Florida Department of Law Enforcement spokesman said ACORN was “singled out” among suspected voter registration groups for a 2004 wage initiative because it was “the common thread” in the agency’s fraud investigations.
IN 2008 Election officials in Indiana have thrown out more than 4,000 ACORN-submitted voter registrations after finding they had identical handwriting and included the names of many deceased Indianans, and even the name of a fast food restaurant.
MI 2008 Clerks in Detroit found a "sizeable number of duplicate and fraudulent [voter] applications" from the Michigan branch of ACORN. Those applications have been turned over to the U.S. Attorney's office for investigation.
2004 The Detroit Free Press reported that “overzealous or unscrupulous campaign workers in several Michigan counties are under investigation for voter-registration fraud, suspected of attempting to register nonexistent people or forging applications for already-registered voters.” ACORN-affiliate Project Vote was one of two groups suspected of turning in the documents.
MO 2008 Nearly 400 ACORN-submitted registrations in Kansas City have been rejected due to duplication or fake information.
2007 Four ACORN employees were indicted in Kansas City for charges including identity theft and filing false registrations during the 2006 election.
2006 Eight ACORN employees in St. Louis were indicted on federal election fraud charges. Each of the eight faces up to five years in prison for forging signatures and submitting false information.
2003 Of 5,379 voter registration cards ACORN submitted in St. Louis, only 2,013 of those appeared to be valid. At least 1,000 are believed to be attempts to register voters illegally.
MN 2004 During a traffic stop, police found more than 300 voter registration cards in the trunk of a former ACORN employee, who had violated a legal requirements that registration cards be submitted to the Secretary of State within 10 days of being filled out and signed.
NC 2008 County elections officials have sent suspicious voter registration applications to the state Board of Elections. Many of the applications had similar or identical names, but with different addresses or dates of birth.
2004 North Carolina officials investigated ACORN for submitting fake voter registration cards.
NM 2008 Prosecutors are investigating more than 1,100 ACORN-submitted voter registration cards after a county clerk found them to be fraudulent. Many of the cards included duplicate names and slightly altered personal information.
2005 Four ACORN employees submitted as many as 3,000 potentially fraudulent signatures on the group’s Albuquerque ballot initiative. A local sheriff added: “It’s safe to say the forgery was widespread.”
2004 An ACORN employee registered a 13-year-old boy to vote. Citing this and other examples, New Mexico State Representative Joe Thompson stated that ACORN was “manufacturing voters” throughout New Mexico.
NV 2008 Nevada state authorities raided ACORN's Las Vegas headquarters as part of a task force investigation of election fraud. Fraudulent registrations included players from the Dallas Cowboys.
OH 2008 ACORN activists gave Ohio residents cash and cigarettes in exchange for filling out voter registration card, according to the New York Post. Some voters claim to have registered dozens of times, and one man says he signed up on 72 cards.
2007 A man in Reynoldsburg was indicted on two felony counts of illegal voting and false registration, after being registered by ACORN to vote in two separate counties.
2004 A grand jury indicted a Columbus ACORN worker for submitting a false signature and false voter registration form. In Franklin County, two ACORN workers submitted what the director of the board of election supervisors called “blatantly false” forms. In Cuyahoga County, ACORN and its affiliate Project Vote submitted registration cards that had the highest rate of errors for any voter registration group.
PA 2008 State election officials have thrown out 57,435 voter registrations, the majority of which were submitted by ACORN. The registrations were thrown out after officials found "clearly fraudulent" signatures, vacant lots listed as addresses, and other signs of fraud.
2008 An ACORN employee in West Reading, PA, was sentenced to up to 23 months in prison for identity theft and tampering with records. A second ACORN worker pleaded not guilty to the same charges and is free on $10,000 bail.
2004 Reading’s Director of Elections received calls from numerous individuals complaining that ACORN employees deliberately put inaccurate information on their voter registration forms. The Berks County director of elections said voter fraud was “absolutely out of hand,” and added: “Not only do we have unintentional duplication of voter registration but we have blatant duplicate voter registrations.” The Berks County deputy director of elections added that ACORN was under investigation by the Department of Justice.
TX 2008 In Harris County, nearly 10,000 ACORN-submitted registrations were found to be invalid, including many with clearly fraudulent addresses or other personal information.
2008 ACORN turned in the voter registration form of David Young, who told reporters “The signature is not my signature. It’s not even close.” His social security number and date of birth were also incorrect.
VA 2005 In 2005, the Virginia State Board of Elections admonished Project Vote and ACORN for turning in a significant number of faulty voter registrations. An audit revealed that 83% of sampled registrations that were rejected for carrying false or questionable information were submitted by Project Vote. Many of these registrations carried social security numbers that exist for other people, listed non-existent or commercial addresses, or were for convicted felons in violation of state and federal election law.

In a letter to ACORN, the State Board of Elections reported that 56% of the voter registration applications ACORN turned in were ineligible. Further, a full 35% were not submitted in a timely manner, as required by law. The State Board of Elections also commented on what appeared to be evidence of intentional voter fraud. "Additionally,” they wrote, “information appears to have been altered on some applications where information given by the applicant in one color ink has been scratched through and re-entered in another color ink. Any alteration of a voter registration application is a Class 5 Felony in accordance with § 24.2-1009 of the Code of Virginia."
WA 2007 Three ACORN employees pleaded guilty, and four more were charged, in the worst case of voter registration fraud in Washington state history. More than 2,000 fraudulent voter registration cards were submitted by the group during a voter registration drive.
WI 2008 At least 33,000 ACORN-submitted registrations in Milwaukee have been called into question after it was found that the organizations had been using felons as registration workers, in violation of state election rules. Two people involved in the ongoing Wisconsin voter fraud investigation have been charged with felonies.
2004 The district attorney’s office investigated seven voter registration applications Project Vote employees filed in the names of people who said the group never contacted them. Former Project Vote employee Robert Marquise Blakely told the Milwaukee Journal Sentinel that he had not met with any of the people whose voter registration applications he signed, “an apparent violation of state law,” according to the paper.

http://rottenacorn.com/activityMap.html

by 3:20, i was BANNED

LOLOLOL!

mr CENSOR, i DO NOT want to refight the BANNING WAR

i took it like a MAN and emerged a GIANT

what i'm eager to discuss is this VOTE you keep referring to

i'm so EAGER to see it and its results

cuz i just know i musta KICKED BUTT

LOLOLOL!

http://dcjunkies.com/showthread.php?t=8841

[The Professor]

I waned him when he made the statement many days before

waRned has an "r" in it, 4th grade

i'm afraid i'm gonna have to DEMAND a link for this, CENSOR

as The persistent and encyclopedic Prof can prove its spuriousness

please don't leave The expectant Prof suspended so long this time

he is comprehensively prepared

LOLOLOL!

[The Professor]

Everyone already voted on your ignorance

yeah!

this is the LINK i REALLY wanna see

LOLOLOL!

the POLL!

thank you, CENSOR

and HURRY UP this time!

cliff

[The Professor]

STILL WAITING, sirCENSOR

LOLOLOL!

24 hours later

you've been awful busy POSTING, i see

yet, you haven't ADDRESSED any of the ABOVE

LOLOLOL!