The Senate's report into ASIC is as scathing as it is overdue for a regulator that's been failing fo

Bernie Madoff died in a North Carolina medical centre attached to Butner, a US federal prison known for housing inmates with chronic health conditions, just three years ago.

Once a titan of Wall Street, the 82-year-old was just 12 years into a 150-year sentence for running the world's biggest Ponzi scheme, worth a reputed $US65 billion.

Previously considered untouchable, the former chair of the Nasdaq Stock Exchange was unceremoniously led from his office in handcuffs on December 11, 2008 and paraded before the public in what US politicians refer to as the "perp walk" by FBI and US Securities and Exchange Commission officers.

To know more: https://www.abc.net.au/news/2024-07-05/asic-failures-over-years-highlighted-in-senate-report/104063824