Subject: File No. S7-08-09
From: Ben Madoff

June 30, 2009

If SEC is indeed serious about what the rules, enforce naked short rules. Let's count shares to see how many billions of fake shares are circulating in the system.

Issuing fake shares or naked shorting almost destroyed US financial system, this is THE LARGEST ponzi game ever in human history. This is 100s or thousands times bigger than Madoff case.

Yet, SEC is relunctant doing anything about it