“Under the proposed rule, it would be far too easy for the commission, in hindsight, to claim that it could have or would have learned of a fraud on its own," Harry Markopolos, who blew the whistle on Bernard Madoff, tells the U.S. Securities and Exchange Commission.
September 18, 2018 at 05:23 PM
1 minute read
In 2009, with the wounds of Bernie Madoff’s financial fraud still fresh, a forensic accountant named Harry Markopolos told a congressional committee that he “gift wrapped and delivered” damning evidence of the scheme to securities regulators—only to be ignored.
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