Bernard Madoff

Failing Upward: Many SECers Who Failed To Catch Madoff Haven't Paid A Price

Alex Amend | October 13, 2009, 9:49AM

Ever wonder what happened to the SEC staffers and supervisors who, for nearly two decades, managed to miss Bernie Madoff's multi-billion dollar Ponzi scheme, despite a persistent whistle-blower and multiple inquiries -- a monumental level of incompetence that "astonished" even Madoff himself?

Well, some saw their failures rewarded with high-paying private-sector jobs, while others are still at the agency, charged with catching the next Madoff.

Via CNN, here's a quick look at what happened to some of the major players.

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Topics: Bernard Madoff, Securities and Exchange Commission, Wall Street