Harry Markopolos

Bernie Madoff Arrested for $65 Billion Ponzi Scheme After SEC Ignored Warnings for 16 Years

2008-12-11 00:00:00 +0000 UTC | Importance: 10/10

On December 11, 2008, FBI agents arrested Bernard L. Madoff for orchestrating the largest Ponzi scheme in history, worth approximately $65 billion and affecting 37,000 victims across 136 countries. Madoff, former chairman of the Nasdaq Stock Market, confessed to his sons on December 9 that his …

Bernie Madoff Federal Bureau of Investigation Securities and Exchange Commission (SEC) Harry Markopolos fraud regulatory-capture sec ponzi-scheme financial-crime +3 more

Harry Markopolos Submits 'The World's Largest Hedge Fund Is a Fraud' to SEC, Agency Ignores Detailed Evidence for Third Time

2005-11-07 00:00:00 +0000 UTC | Importance: 10/10

On November 7, 2005, financial analyst Harry Markopolos submitted his third and most detailed complaint to the SEC, a report entitled ‘The World’s Largest Hedge Fund is a Fraud,’ outlining approximately 30 red flags indicating that Bernie Madoff was operating a Ponzi scheme, which …

Harry Markopolos Securities and Exchange Commission (SEC) Bernie Madoff fraud regulatory-capture sec ponzi-scheme financial-crime +3 more