3 chapters across the catalog
Matt Taibbi reports in Rolling Stone that the SEC has been destroying records of preliminary investigations (Matters Under Inquiry) dating back to 1993. This practice reportedly eliminated evidence in 18,000 cases, including those involving Bernie Madoff and major investment banks, preventing future investigators from cross-referencing tips. The hosts discuss the "revolving door" between the SEC and the banks they are tasked with regulating.
Harry Markopolos, Bernie Madoff and SEC Whistleblowing
Whistleblower Harry Markopolos, who exposed the Bernie Madoff Ponzi scheme, is revealed to have a background in military special operations. The discussion questions whether Markopolos acted as a front for intelligence agencies to force leadership changes at the SEC.
Bernie Madoff Scam Victim List and SEC Whistleblower
A 300-page PDF listing victims of the Bernie Madoff Ponzi scheme was published by the New York Post, including venture capitalist Arthur Rock and residents of Berkeley. Discussion turns to the testimony of whistleblower Harry Markopolos, who criticized the SEC for being inadequate and under-motivated. SEC official Linda Thomsen is highlighted for her refusal to answer specific questions during congressional testimony.
