OT: Could a Blog have prevented a fraud

[Stephen P Rufle]

http://money.cnn.com/2009/02/04/news/newsmakers/madoff_whistleblower/

The question I want to pose is if the whistle blower first tried to
contact the SEC, but was given the brush off. Could that whistle blower
posted what he knew to a personal blog that might have been picked up by
say digg. This in my mind could have prevented many years of the scheme.
I am just unsure if there are reasons other then when the guy might have
started all of this (2000) the net may not have been as mature.

What do you think?