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Easier Than Talking Your Way Out Of A Speeding Ticket
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Even Bernie Madoff can't believe that he got away with it as long as he did. After all, he says, the signs were obvious and the SEC could have easily just checked the central clearinghouse and the firms he'd claimed were handling his trades. But they didn't. The SEC's inexperienced investigators fixated on things like e-mails and botched every opoortunity to bust the guy. There were SIX substantive complaints since 1992 and they blew every investigation. A senior lawyer in the New York office even convinced his staff that it was a waste to bother "burning resources" chasing Ponzi schemes. Your government in action.
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