U.S. House of Representatives
Committee on Financial Services
Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises

Assessing the Madoff Ponzi Scheme and Regulatory Failures
Wednesday, February 4, 2009, 9:30 a.m., 2128 Rayburn House Office Building

Washington, DC – Congressman Paul E. Kanjorski (D-PA), the Chairman of the Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, today announced that the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises will convene a hearing on Wednesday, February 4, 2009, to assess the alleged $50 billion investment fraud engineered by Mr. Bernard L. Madoff. This is the second in a series of hearings that will help to guide the work of the Financial Services Committee and the Capital Markets Subcommittee in the 111th Congress in undertaking the most substantial rewrite of the laws governing the U.S. financial markets since the Great Depression.

Original source: C-SPAN
Committee page: house.gov

There are 3 videos in this series. This is Part 1 of the February 4 hearing.

February 4, Part 1 | February 4, Part 2 | January 5


Witness List & Prepared Testimony:

Panel One

Mr. Harry Markopolos, an independent financial fraud investigator for institutional investors and others seeking forensic accounting expertise, as well as a Chartered Financial Analyst and Certified Fraud Examiner

Panel Two

- Ms. Linda Thomsen, Director, Division of Enforcement, U.S. Securities and Exchange Commission
- Andrew J. Donohue, Director, Division of Investor Management, U.S. Securities and Exchange Commission
- Mr. Erik Sirri, Director, Division of Trading and Markets, U.S. Securities and Exchange Commission
- Mr. Andy Vollmer, Acting General Counsel, U.S. Securities and Exchange Commission
- Ms. Lori A. Richards, Director, Office of Compliance Inspections and Examinations, U.S. Securities and Exchange Commission
- Mr. Stephen Luparello, Interim Chief Executive Officer, Financial Industry Regulatory Authority

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