U.S. lawmakers to question SEC watchdog about Madoff (Reuters)

Bernard Madoff arrives at his house after a hearing at Federal Court in New York in this December 17, 2008 file photo. Federal prosecutors investigating Madoff's $50 billion fraud are starting to look into the role played by offshore fund operations, the New York Times reported. (Chip East/Reuters)Reuters – The internal watchdog at the U.S. Securities and Exchange Commission will testify Monday at a hearing by U.S. lawmakers who want to know how the investor protection agency failed to detect the alleged $50 billion fraud by Wall Street financier Bernard Madoff.

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