Former WSJ editor doubts Madoff tip ever occurred

Editor & Publisher reports former editor of The Wall Street Journal said he does not remember being tipped off about Bernie Madoff's ponzi scheme. Paul Steiger said, "I don't recall it and it would have come up to me." He added that he "highly doubts" the tip even occurred. 

On Wednesday, whistle-blower Harry Markopolos testified at a House hearing that he "approached Journal reporter John Wilke in December 2005 with a tip on Madoff." Markopolos claimed Wilke could not pursue the story because he "could not get approval from higher-ups." 

Steiger said the whistle-blower's claim that the Journal was "afraid of Madoff" is "preposterous...[and] silly" because the paper has covered "[p]eople that were much bigger than Madoff." 

Steiger added, "We would have loved to have done the story." 

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