Harry Markopolos, Date of Birth, Place of Birth

    

Harry Markopolos

Whistleblower who exposed the Madoff investment scandal

Date of Birth: 22-Oct-1956

Place of Birth: Erie, Pennsylvania, United States

Profession: whistleblower, investor, chief investment officer, investigator, forensic accountant

Nationality: United States

Zodiac Sign: Libra


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About Harry Markopolos

  • Harry M.
  • Markopolos (born October 22, 1956) is an American former securities industry executive and a forensic accounting and financial fraud investigator. He discovered evidence over nine years that he said suggested that Bernie Madoff's wealth management business was a huge Ponzi scheme.
  • In 2000, 2001, and 2005, Markopolos alerted the U.S.
  • Securities and Exchange Commission (SEC) of his views, supplying supporting documents, but each time the SEC ignored him or only gave his evidence a cursory investigation.
  • Madoff was finally revealed to be a fraud in December 2008, when his sons contacted the Federal Bureau of Investigation.
  • After admitting to operating the largest private Ponzi scheme in history, Madoff was sentenced in 2009 to 150 years in prison.
  • In 2010, Markopolos' book on uncovering the Madoff fraud, No One Would Listen: A True Financial Thriller, was published.
  • Markopolos has criticized the SEC for failing to discover the Madoff fraud despite repeated tips, and for failing to investigate properly the larger companies it supervised.
  • He described the private moments he had with victims of the Madoff fraud as: "Heartfelt, gut-wrenching things.
  • People trying to commit suicide or losing loved ones who've died of heartbreak."Critics of Markopolos have called him obsessive, a self-publicist, and self-righteous, and some questioned whether he was motivated by a financial bounty, which he denied.
  • The Wall Street Journal described him as "a little bit nuts".
  • In his book, he revealed that at one point he kept an old army gas mask handy in case SEC investigators burst into his home with teargas.
  • He wrote in his book: "If [Madoff] contacted me and threatened me, I was going to go down to New York and take him out.
  • At that point, it would have come down to him or me, [and] I felt I had no other options: I was going to kill him."

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