One such effort was to seek payments from SIPA as former BLMIS customers.

FORBES: Madoff Victims Suffer Major Setback In Federal Appeals Court

On December 11, 2008, FGA learned, at the same time as the rest of the world, that BLMIS had defrauded those funds.

FORBES: Connect

With all due respect to Mr. Bharara, maybe the SEC and his office first discovered this fraud only four years ago but I hardly think that the rumors and charges against Bernie and BLMIS were dormant prior to that time.

FORBES: Wall Street Regulation Goes Hollywood