Madoff scheme
(Mary Altaffer / Associated Press)
Bernard L. Madoff, whose charm and promises of steady riches propelled him through social circles that included Hollywood celebrities and Nobel Prize winners, plead guilty on March 12, 2009 to bilking his onetime friends out of tens of billions of dollars.
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The Fed chairman calls for a new way to police the financial industry. But would it catch a Madoff?
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Why the SEC did not move against Madoff remains to be seen. But the next administration should make sure securities rules are clear -- and enforced.
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The Times takes a look at some of the people and institutions caught up in the case of disgraced financier Bernard L.
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