[0:00:04] ... task by its all inspector general over the way it handled the Madoff case -- Adam Shapiro as usual is here with all the details on this so this is the IG's report right it's it's it used -- we saw the huge report on -- this is recommendations on how to fix the Office of Compliance investigations. And examinations. At the FCC so what you've got his OC IE the Office of Compliance investigations and examinations we have different units within that office which apparently are not talking to one another. And very simply that's how they blew the Madoff case here's the key quote. From inspector general David -- we found that enforcement. And -- CIA's broker dealer examination units failures. To communicate with -- CIA's investment advisory unit. Led to the OC IA's failure to conduct an examination of Bernard Madoff investment securities advisory business. In English yet the brokers unit the broker dealer unit. Looking at the legitimate side of Madoff aware that he's running a hedge fund but they're not paying attention to it. Meanwhile the investment advisory unit of the Office ...
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[0:03:23] ... the same thing happened with look like Acropolis and the SEC Bernie Madoff -- in Stamford -- this makes the SEC looked horrible. ...
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[0:01:29] ... embarrassments for the Department of Justice. Of course we all know about Madoff and then just last week. What was supposed to be an easy case for the Department of Justice the first case out ...
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[0:22:56] ... it will eventually go into the pockets. Of the victims of Bernie Madoff if this stuff wasn't sold those people would be even work out. ...
[0:24:44] ... value -- what they were valued at. There were first from Ruth Madoff and by the way Tracy you should have -- for one day that's all I'm gonna say in it I you know ...
[0:25:28] ... I absolutely would you. Ever tell anyone that you got from the Madoff auction I would have no plot. ...
[0:25:40] ... blowing the budget. If I were to get hold of a Bernie Madoff -- yeah I would love driving that. Because I would know one the money went to the victims to I've covered this ...
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[0:00:00] ... At the block tomorrow from the life of Ponzi schemer Bernard Madoff this time around. Foreign luxury yachts and Mercedes-Benz seized from Madoff and his aide frank is just the past -- India in the auction guys held in Florida. At national liquidators begins at ...
[0:01:02] ... this auction. There's been a lot of interest because of of the Madoff saying there's been a lot of interest because of high quality boat he he'd decided on. Deepest valleys biking which is behind me is another one that's in the auction all the way to the Madoff. As well as his Mercedes vans and we have three other high end up re possessions that are offered the same time ...
[0:02:33] ... bull. And inside the bulls are the initials. BL AM burning L Madoff which I think his. That to me as kind of populist on top of the napkin was inscribed in gold leaf bowl. ...
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