Meydof of each check came out clean tear

Federal Commission for Securities and Exchange Commission (FKTSKFB) has received several times since 1992 signals the machinations of financier Bernard Meydof sentenced to 150 years in prison for a gigantic fraud, authorities said. A report by the inspector David FKTSKFB Kots indicated that although the five checks Meydof expose the „lies and false information, the Commission had failed to detect irregularities, due to“ lack of experience of the officers entrusted with the investigation of the operations. The Commission was informed by more detailed than is necessary and justified complaints and should have ordered a full inspection of the financial pyramid fraud, organized by Bernard Meydof and his company would EMI S (BMIS), indicating the author of the report. This report clearly shows that the committee has missed many opportunities to detect fraud, said in a statement chairwoman of FKTSKFB Mary Shapiro. She argues that this failure has imposed reforms in the way of regulating markets and protecting investors. Bernard Meydof was sentenced to 150 years imprisonment for fraud of investors with more than 60 billion dollars over 20 years through the so-called Pontsi scheme. This is the largest financial fraud in the history of the United States Pontsi scheme is called the Italian immigrant Charles Pontsi, creator of the first pyramid of this type in the 20-ies in the United States. In Pontsi pattern of older investors with money paid to new customers. Fraud was detected when the mass began withdrawing funds caused by the financial crisis in the autumn.

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Finance