"My team and I kept collecting additional information, and I kept sending it to the SEC, and they kept ignoring it," he said.He said that the SEC was afraid of bringing big cases, and that only Massachusetts state regulators and the New York attorney general's offices were willing to prosecute financial fraud.
"I gifted and wrapped and delivered the largest Ponzi scheme in history to them but somehow they could not be bothered," he said. "If a $50bn Ponzi scheme doesn't top their list of priorities, I want to know who sets their priorities."
Setting aside the admission that financial fraud is not being prosecuted in 48 of the 50 states, I too want to know where the order to stand down from Bernie Madoff came from. We know that some of Madoff's clients were these foundations that supported AIPAC. Was Bernie the funding mechanism for AIPAC's subversion of the US Congress? Is that why Bernie received "protection"?
We know because of Norman Hsu that funds from stock frauds wound up in the campaign coffers of politicians, including Barack Obama and Hillary Clinton. Is the reluctance to find where Bernie's ill-gotten gains went because much of it went to the politicians?