FYInance

Madoff hedge fund fraud and scam, destroying lots of people’s retirement funds.

Sponsored Enterprises is holding a hearing to assess the alleged billion investment fraud engineered by Mr. Bernard L. Madoff. This is the second in a series of hearings that will help to guide the work of the Financial Services Committee and the Capital Markets Subcommittee in the 111th Congress in undertaking the most substantial rewrite of the laws governing the US financial markets since the Great Depression. Rep. Gary Ackerman questioned witnesses from the Securities and Exchange.

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