SEC decision not to have David Becker on Madoff scheme is under scrutiny

In the aftermath of Bernard L. Madoff's epic investment fraud, the Securities and Exchange Commission was considering sending David M. Becker, the agency's general counsel at the time, to testify on Capitol Hill on issues affecting how much money Madoff's account holders could recover, according to a source familiar with the matter.

But there was a wrinkle: Becker's mother had held an account with Madoff, which Becker and his brothers had inherited and liquidated before the fraud was exposed. Becker told SEC officials that if he testified before Congress, he should disclose the account, the source said.

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Steve Hendrix 10 Sep, 2011

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Source: http://feeds.washingtonpost.com/click.phdo?i=e6e9791f0d501194fa69cd31bc833eee
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