‘Hey Buddy, I Was Just Wondering, Would You Mind Telling Me How You Pulled Off the Biggest Ponzi Scheme of All Time?’


SEC Inspector General David Kotz, whose report on how the commission failed to act on multiple warnings about Bernie Madoff’s Ponzi scheme is overdue, had a three-hour klatsch with Madoff in prison yesterday, according to CNN. Asked about the reported meeting, Kotz said only, “We’ve been making substantial progress in the investigation and plan to issue a comprehensive report very shortly.” [CNN]