The Securities and Exchange Commission has now admitted what has been obvious to anyone who has been paying attention over the past several months: Inspectors utterly failed to detect Bernard Madoff's massive Ponzi scheme despite numerous warnings over a sixteen ...

I am not alone in wondering how it could be possible for so many highly educated and wealthy individuals to fall for a scam on the staggering scale of Bernard Madoff's ponzi scheme. How could it be that a prominent ...