Video: Harry Markopolos Discusses Repercussions of the Madoff Ponzi Scheme and the Regulatory Agencies That Failed to Prevent It.

Introduction (Via Fraud Conference)

Harry Markopolos, who blew the whistle on Bernard Madoff’s huge Ponzi scheme, has met many people affected by the mind-numbing crime. But one victim, in particular, brings tears to his eyes.

During a recent finance conference, the son of a Madoff victim thanked him for his nine-year investigative fight to expose the crime. “But as he thanked me, I said, ‘All we did was try; we weren’t successful,'” said Markopolos during the Tuesday lunch General Session. “But he said, ‘That’s OK – thank you for trying.’ “

Watch The Video Clips Below (Via Fraud

Clip 1: “You need to have the spirit to fight the big cases.”

Clip 2: “It’s the largest case of failure in history.”

Clip 3: “The math never worked out for us.”

Clip 4: “Fear was my constant companion.”

Clip 5: “Most of the money went to pay off old investors.”

Clip 6: “Let me talk to you about the red flags.”

Clip 7: “Don’t blame the victims.”

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01. August 2009 by Miguel Barbosa
Categories: Curated Readings, Finance & Investing | Leave a comment

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