“Bernie Madoff is stealing and no one will listen to me. I feel like I’m taking pills!”!”

For almost ten years Harry Markopolos tried, and failed, to alert regulators and investors of Bernie Madoff’s $65 billion dollar Ponzi scheme.

In his new book “No One Would Listen”, Markopolos writes of how he and a group of colleagues spent years gathering information about Madoff and sending it to the Securities and Exchange Commission. Initially they hoped it would level the playing field by eliminating a successful rival they believed was engaged in fraud, later it became a mission to bring down a man they believed posed a risk to the entire financial system.

For Markopolos, a former hedge fund manager and forensic accountant, trying to bring down a man he considered one of the most powerful on Wall Street was one fraught with risks, for his career and family.

In an extended interview Markopolos speaks about his book, his investigation, his frustration with the regulators and how he feared for his own life.

Markopolos said he was living under a “death sentence” for ten years. Believing Madoff’s client list included drug cartels and organized crime, Markopolos went to extremes to protect himself and his family, even going so far as to devise a plan to kill Madoff.

True story or exaggerations to cash in and sell books?  Read more here. I wonder if Markopolos also invented the piano key neck tie?

Advertisements

2 Responses

  1. If he had assassinated Bernie back in the day and all of Bernie’s assets had already passed to his wife, would we still have been able to recover them the same as now when he was prosecuted?

  2. This guy seems like he was either really bad at life or really wishy washy.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: