Attorney Eric Swanson is a former assistant director of compliance at the U.S. Securities and Exchange Commission (SEC) and the husband of Shana Madoff, niece of former NASDAQ director Bernard Madoff. In December 2008, Bernard Madoff was charged with securities fraud in connection with his alleged involvement in a $50 billion Ponzi scheme. Swanson reportedly headed an SEC investigative team looking into the Bernard L. Madoff Investment Securities financial advisory firm years before the Ponzi allegations surfaced. Swanson married Shana Madoff in 2007.The New York Times: S.E.C. Issues Mea Culpa on Fraud Case Bloomberg.com: SEC Probes of Madoff are 'Deeply Troubling,' Cox Says
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"Eric Swanson worked at the SEC for 10 years and did not participate in any inquiry of Bernard Madoff Securities or its affiliates while involved in a relationship with Shana, whom he met through her trade association work, Throughout his career, Eric has displayed the highest ethical standards and his reputation has been, and continues to be, above reproach."—Randy Williams, spokesperson for BATS TradingBloomberg.com: SEC Probes of Madoff are 'Deeply Troubling,' Cox Says
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Fast Facts
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Husband of Bernard Madoff's niece, Shana Madoff
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Former assistant director of compliance and examinations at the SEC
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Headed an investigation into Bernard Madoff's firm while with the SECThe New York Times: S.E.C. Issues Mea Culpa on Fraud Case
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Left the agency in 2006; married Bernard Madoff's niece Shana Madoff in 2007The New York Times: S.E.C. Issues Mea Culpa on Fraud Case
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Spokesperson says Swanson's relationship with Shana Madoff "began years after the compliance team he helped supervise made an inquiry about Bernard Madoff's securities operations"The New York Times: S.E.C. Issues Mea Culpa on Fraud Case
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