Preventing Another Madoff: Reengineering the SEC’s Investigation Process

Below are the available bulk discount rates for each individual item when you purchase a certain amount

Register as a Premium Educator at hbsp.harvard.edu, plan a course, and save your students up to 50% with your academic discount.

Publication Date:
July 22, 2015

Source:
Harvard Kennedy School

Bernard Madoff perpetrated a $60 billion fraud that lasted for more than a decade. The fallout ruined the lives of many of his investors and significantly damaged the reputation of the Securities and Exchange Commission (SEC). How did the federal agency entrusted to protect investors fail to discover the Ponzi scheme? The question is more salient because a financial expert alerted the SEC to the likely fraud and was ignored, not just once, but many times over a multiyear period. The case provides the context to explore questions such as: What was the SEC’s investigation process? Why did it fail to uncover the fraud? What was the role of organizational structure and culture in the debacle? How could the SEC reengineer its processes to prevent such schemes? Case number 1950

Copyright © 2021 Harvard Business School Publishing. All rights reserved. Harvard Business Publishing is an affiliate of Harvard Business School.

Preventing Another Madoff: Reengineering the SEC’s Investigation Process

Research & References of Preventing Another Madoff: Reengineering the SEC’s Investigation Process|A&C Accounting And Tax Services
Source