There are two posts linked below--one inside the other. They perfectly reflect my thinking about Madoff, the SEC, and the fact that if the IRS or an attorney general had had the same amount of "headsup" about ANY nonprofit that the SEC did for Madoff, the feds would have had everyone and their cousin looking into the nonprofit's management. But Madoff? He skated. And took a bunch of nonprofits down with him.
Read this for an ironic laugh...and show it to your board, too.