Word: kotz
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...sticky wicket to Bernie Madoff's $50 billion decades-long lie, it seems each new day brings another round of financial madness, and yet no one person or government agency seems to be moving fast to find a cure. But the Securities and Exchange Commission's Inspector General, David Kotz, is all ears for one group with answers: Wall Street's whistleblowers...
While this was going on, SEC inspector-general David Kotz was huddled for several hours late last week with Madoff whistle-blower Harry Markopolos to learn about two new suspected frauds, or mini-Madoffs. Kotz is conducting an investigation into how the SEC missed the Madoff swindle for so long...
...very productive meeting with Mr. Markopolos, and he presented to us two separate pieces of potentially improper activities," said Kotz. He would not comment on the nature of the information but said the evidence was given directly to Schapiro. There was no comment on what steps she or the agency might take next...
Madoff was supposed to come clean with his list of assets last week - it certainly should add up to more than $850 million - but so far there has been nary a public peep of the list. When, during the hearing, Representative Gary Ackerman, a New York Democrat, asked David Kotz, the Securities and Exchange Commission's inspector general, what Madoff's assets were, Kotz answered meekly, "We don't have that information." Ackerman finally badgered Kotz to agree to supply the total asset list publicly within a week. We'll see. (See the top 10 scandals...
...many children on public assistance or otherwise "lost" is a different issue. To suggest that kidnappings are getting too much of the attention does not help and, worse, it could lessen chances that law enforcement, communities and the media will use every resource available to find abducted children. LAURA KOTZ Greensboro...