Top SEC officials unaware of Madoff probes: report

Fri, 09/04/2009 - 17:59 EDT - Reuters - Business News

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WASHINGTON (Reuters) - Former U.S. Securities and Exchange Commission chairmen and directors were generally unaware that staff were probing Bernard Madoff until the former financier was arrested in December 2008 for running a $65 billion Ponzi scheme, a federal watchdog said in a report released on Friday.

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