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TomCADem

(17,387 posts)
Sat Jul 14, 2012, 12:22 PM Jul 2012

C'mon, False Statements In SEC Filings Are Not A Big Deal...

...They are just a technicality. And, if they are for a private investment company, rather than a publicly traded company, who is harmed? No one really relies on them. So what if Romney actually signed the SEC filings after 1999?

Signed,


Bernie Madoff


http://www.sec.gov/news/press/2012/2012-126.htm

Washington, D.C., June 29, 2012 – The Securities and Exchange Commission today charged Peter Madoff, the brother of Bernie Madoff, with committing fraud, making false statements to regulators, and falsifying books and records in order to create the false appearance of a functioning compliance program over Madoff’s fraudulent investment advisory operations.

The SEC alleges that Peter Madoff, who served as Chief Compliance Officer and Senior Managing Director at Bernard L. Madoff Investment Securities LLC (BMIS) from 1969 to December 2008, created stacks of compliance documents setting out supposedly robust policies and procedures over BMIS’s investment advisory operations. However, Peter Madoff created these compliance manuals, written supervisory procedures, reports of annual compliance reviews, and compliance certifications to merely paper the file. No policies and procedures were ever implemented, and none of the reviews were actually performed even though Peter Madoff represented that he personally completed the reviews.






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C'mon, False Statements In SEC Filings Are Not A Big Deal... (Original Post) TomCADem Jul 2012 OP
Ask Martha Stewart malaise Jul 2012 #1
Rich guys are permitted to lie / game the system. Like voting outside of their home state. DirkGently Jul 2012 #2
Steal $500 dollars, get five years in jail. Curtland1015 Jul 2012 #4
You're right! Ask George W Bush. He forgot to mention selling his HARKEN stock... Octafish Jul 2012 #3
If ... 99Forever Jul 2012 #5
Mitt Romney: "Hahaha, my signature isn't worth the paper it's written on" aint_no_life_nowhere Jul 2012 #6

DirkGently

(12,151 posts)
2. Rich guys are permitted to lie / game the system. Like voting outside of their home state.
Sat Jul 14, 2012, 12:26 PM
Jul 2012

It isn't illegal when the 1% does it!

Octafish

(55,745 posts)
3. You're right! Ask George W Bush. He forgot to mention selling his HARKEN stock...
Sat Jul 14, 2012, 12:28 PM
Jul 2012

...before it tanked and ended up buying (a sliver) of the Texas Rangers with it.

Of course, once the SEC found out, Poppy hepped.

99Forever

(14,524 posts)
5. If ...
Sat Jul 14, 2012, 12:31 PM
Jul 2012

... there were a few hundred more 1%ers behind bars, where the criminal bastards SHOULD BE, I might join in your laughter. As it is, odds are good that ripping We the People off, not only won't get you arrested or prosecuted, it'll get you MULTI-MILLION$ in bonuses.


But that just my way of seeing things.

aint_no_life_nowhere

(21,925 posts)
6. Mitt Romney: "Hahaha, my signature isn't worth the paper it's written on"
Sat Jul 14, 2012, 12:33 PM
Jul 2012

That was the essential message yesterday over the course of five network interviews.

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