This is just criminal.
Obama needs to properly fund the SEC so they can rout out this kind of crooked behaviour.
Madoff whistle blower assails SEC
The man who waged a decade-long campaign to alert regulators to problems in the operations of fallen money manager Bernard Madoff told the U.S. Congress Wednesday that he had feared for his physical safety.
Harry Markopolos also assailed the Securities and Exchange Commission in his first appearance before lawmakers. The SEC failed to act despite receiving credible allegations of fraud from Mr. Markopolos about Mr. Madoff's operations over a decade.