Markopolos Has Been Telling The SEC About Madoff Since 1999
Josh's post on the front page brings up a guy named Markoplos who has been telling the SEC Madoff was running a Ponzi Scheme for years. Here's the report Josh linked to that Markopolos sent to the SEC in 2005 http://www.slideshare.net/hblodget/markopolos-madoff-complaint-presentation?type=document .
Was the SEC compliant in the scheme? Will anyone investigate? I hear Madoff was very well connected politically and I see Chucky Schumer has given back contributions from him. Will anyone investigate to see if anyone pulled strings for him?
This is pretty damning stuff. Markopolos tried but no one would listen. Read that document. He lays out how it was totally obvious to many in the industry that Bernie Madoff couldn't possibly be getting the returns he had been getting legally.
Shouldn't someone in the SEC be in prison over this too?
Was the SEC compliant in the scheme? Will anyone investigate? I hear Madoff was very well connected politically and I see Chucky Schumer has given back contributions from him. Will anyone investigate to see if anyone pulled strings for him?
This is pretty damning stuff. Markopolos tried but no one would listen. Read that document. He lays out how it was totally obvious to many in the industry that Bernie Madoff couldn't possibly be getting the returns he had been getting legally.
Shouldn't someone in the SEC be in prison over this too?











