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Old 04-02-2011, 06:13 AM   #1
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(Excerpt) Read more at abcnews.go.com ...
Madoff Boasted of Close SEC Relationship, My Niece Even Married One
A top Securities and Exchange Commission compliance official who worked for the SEC when it found no problems at Bernard Madoff;s firm in 2005 Links of London Heart Gold Charm, later began to date and married Madoff;s niece Links Charm Bracelet, who was a compliance lawyer for the company.
A spokesman for Eric Swanson, who has since left the SEC Links Two Hearts Charm-red, said Swanson did not participate in any inquiry of Bernard Madoff Securities or its affiliates while involved in a relationship with Shana Madoff.
The failure of the SEC to detect the alleged fraud carried out by Madoff, estimated by Madoff himself at $50 billion, has raised questions about the SEC;s performance.
The Securities and Exchange Commission failed the American people Links 3D S Charm, said Senator Charles Grassley (R-IA).
Since 1992 Links of London 3D P Charm, the SEC has at least twice dismissed concerns about Madoff;s firm, following complaints.
At a business roundtable meeting last year, Madoff boasted of his very close relationship with a SEC regulator Links of London Sweetie Bracelet with Thumprint Heart, chuckling as he said GB Charm, in fact Slipper Charm, my niece even married one.
A spokesman for Swanson Links of London Accessories Outlet, the former SEC official who married Madoff;s niece and compliance lawyer, said Swanson met the niece through her trade association work in the industry. Throughout his career, Eric has displayed the highest ethical standards and his reputation has been – and continues to be – above reproach.
Madoff formally registered with the SEC as an investment adviser in 2006 Links Classic Heart Bangle, but the SEC failed to conduct the standard review that normally follows such a new registration.
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