Former SEC Lawyer Says Ethics Counsel Permitted His Madoff Work
This article is for subscribers only.
David M. Becker, the former chief Securities and Exchange Commission lawyer being sued for inheriting money linked to Bernard Madoff’s Ponzi scheme, said he didn’t recuse himself from Madoff-related matters at the SEC on advice from the ethics counsel.
Becker, whose latest two-year stint as the SEC’s chief counsel ended Feb. 25, wrote the same day in a letter to U.S. House Republicans that he had consulted with the SEC’s ethics counsel at least twice about work related to Madoff. He said he had no recollection of having any contact with the imprisoned money manager.