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Meaghan Cheung is a former SEC branch chief of the New York enforcement division. She came under fire in January 2009 after a whisleblower revealed that he had given very specific information to her regarding Bernard Madoff and the ponzi scheme he was running. Cheung had previously signed off on an investigation into Madoff's business practices in 2006, giving him the all clear.
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Fast Facts
- Age in January 2009: 37New York Post: The SEC Watchdog Who Missed Madoff (January 7, 2008)
- Relationship status: MarriedNew York Post: The SEC Watchdog Who Missed Madoff (January 7, 2008)
- Mother of two childrenNew York Post: The SEC Watchdog Who Missed Madoff (January 7, 2008)
- Resigned from SEC in September 2008 for personal reasonsNew York Post: The SEC Watchdog Who Missed Madoff (January 7, 2008)
- Graduate of Yale University and Fordham University Law SchoolNew York Post: The SEC Watchdog Who Missed Madoff (January 7, 2008)
- Singled out by whistleblower Harry Markopolos
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Quotes
"Why are you taking a mid-level staff person and making me responsible for the failure of the American economy? ... I worked very hard for 10 years to make a career, and a reputation, and that has been destroyed in a month." - Meaghan CheungNew York Post: The SEC Watchdog Who Missed Madoff (January 7, 2008)"Cheung, branch chief in New York, actually investigated but with no result that I am aware of. In my conversations with her, I did not believe that she had the derivatives or mathematical background to understand the violation." - Harry MarkopolisNew York Post: The SEC Watchdog Who Missed Madoff (January 7, 2008)
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The Mahalo Top 7
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New York Post: The Sec Watchdog Who Missed Madoff
nypost.com (January 07, 2009) -
Huffington Post: Meaghan Cheung, ... Don't Blame Me!
huffingtonpost.com (January 07, 2009) -
Portfolio.com: Meagan Chung Pleads Innocent
portfolio.com (January 07, 2009) -
Wall Street Journal: SEC Recommendation on Madoff (115Kb)
online.wsj.com -
Hedgefund.net: Post Grills SEC Staffer Who Missed Madoff
hedgefund.net (January 07, 2009) -
TPMMuckraker: SEC IG Can't Compel Testimony From Key Madoff Witnesses
tpmmuckraker.talkingpointsmemo.com (January 06, 2009) -
TPMMuckraker: SEC's Madoff Probe: How Much Blame Does It Deserve?
tpmmuckraker.talkingpointsmemo.com (December 18, 2008)
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New York Post: The Sec Watchdog Who Missed Madoff
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Questions and Answers About Meaghan Cheung | View All | Ask a Question
View All Meaghan Cheung Questions (1) | Ask a QuestionMeaghan Cheung, why didnt she stop Madoff when she had a chance? (1 Answer)Well, she says she and her team did everything possible to investigate: "If someone provides you with the wrong set of books, I don't know how you find the real ... read more
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