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The IG's review found that the inspections office never undertook an exam of Madoff's investment business — which was separate from his brokerage operation — even after he was forced by the SEC in August 2006 to finally register the investment business.

Bob Bergsten, 47, was there to bid for a Rolex unrelated to the Madoff case, but was not upbeat about his chances.

Still, there are a lot of people want a piece of Madoff and now they'll have their chance to buy anything from Ruth Madoff's diamond earrings to Bernie's duck decoys.

An inspection of Madoff's operation in 2003-04, for example, "was put on the back burner" even though the exam team still had unresolved questions, Kotz found.

Inspector General David Kotz has already found that the agency bungled five probes of Madoff, missed red flags and dismissed tips and complaints that might have discovered the Ponzi scheme, in which earlier investors were paid with money from later investors.

Print WASHINGTON (AP) -- Bernard Madoff was apparently convinced that it never even occurred to Securities and Exchange Commission staff he was running a Ponzi scheme, despite the agency's numerous probes of his business.

Picower, 67, who was sued over allegations he made $7.2 billion from his investments in Madoff's funds, was found dead in his Palm Beach, Florida swimming pool on Sunday after suffering a heart attack.

MIAMI : The body of Florida investor and philanthropist Jeffry Picower, accused of making billions of dollars in his friend Bernard Madoff's fraud scheme, was found yesterday at the bottom of his swimming pool .

MIAMI (Reuters) - Palm Beach billionaire and philanthropist Jeffry Picower, described as the biggest beneficiary of Bernard Madoff's fraud, died on Sunday after he was found lying at the bottom of the pool at his home, police said.

In December, Frenchman Thierry Magon de la Villehuchet, co-founder of money manager Access International, was found dead with his wrists slashed, reportedly distraught over losing up to $1.4 billion in client money to Madoff's fraud.

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'Office' plotlines reflect recession anxieties By Jo Piazza , CNN STORY HIGHLIGHTS RELATED TOPICS Television TV Stars (CNN) -- Dunder Mifflin, the...

What’s a piece of Bernard Madoff worth? A Saturday auction of personal items that once belonged to the Ponzi schemer gave a few clues.

McClatchey has a damning investigative report out on the dealings of Goldman Sachs ( GS ) a few years ago, back when the housing and credit bubbles were...

Isn't it funny how much the world changes in two minutes? Specifically between 8:29 AM and 8:31 AM.

NEW YORK (Reuters) - Epic fraudster Bernard Madoff's longtime deputy Frank DiPascali must stay in jail at least until more is disclosed about his cooperation...

Commentary by Susan Antilla Oct. 28 (Bloomberg) -- Trickle down really does work.

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SEI Investments Co.

By Jonathan Ferziger Oct. 7 (Bloomberg) -- Investment opportunities are rare in the Gaza Strip.

TOURA, Lebanon – A Mideast version of the Bernie Madoff scandal is threatening to tarnish Hezbollah 's reputation in Lebanon for being incorruptible, and...