The S.E.C. does not keep statistics on Ponzi fraud, but it has brought cases involving losses of over $200 million since the beginning of October last year, including one against the disgraced Democratic donor Norman Hsu. Mr. Hsu was accused of using money from a $60 million Ponzi scheme to make campaign donations to leading candidates, including President Obama and Secretary of State Hillary Clinton.
This may explain why the SEC has turned a blind eye to these operators all these years!
This gets right back to my theory that Bernie Madoff was the funding mechanism by which AIPAC members were buying and bribing our Congress.