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Harry Markopolos, the fraud investigator whose efforts to blow the whistle on investment adviser Bernard Madoff were rebuffed by the Securities and Exchange Commission, has presented the SEC’s inspector general with evidence of two new cases of potential investment fraud.
“Pursuant to an agreement with him, I’ve handed those tips to the office of the [SEC] Chairman Mary Shapiro,” SEC Inspector General David Kotz said. Kotz said he could not elaborate on the tips from Markopolos.
Kotz and members of his staff met with Markopolos and two of his attorneys for seven hours Thursday as part of Kotz’s investigation into the SEC’s failure to uncover Madoff’s alleged scam. Madoff was arrested on December 11 on suspicion of running a multibillion-dollar Ponzi scheme.
“[Markopolos] is a key witness in our investigation,” Kotz said. “It was a very productive meeting. We received a tremendous amount of good information.”
Testifying before the House Subcommittee on Capital Markets on Wednesday, Markopolos slammed the SEC’s failure to heed his warnings that Madoff was a fraud.
“I gift-wrapped and delivered the largest Ponzi scheme in history to them, and somehow they couldn’t be bothered to conduct a thorough and proper investigation,” Markopolos said.
Somehow I feel it ain’t gonna take the SEC nine years to get off their rusty-dusty this time.
# 20 Mr. Fusion said, “It is evident you are trolling because there is no interview.”
Yes, Barney wasn’t on Meet the Press this morning.
God, you are the King of Idiots.
Ok # 21 Paddy-O and # 20 Mr, what’s the point any one of you are making that’s worthy of this blog/
Both you love birds need to kiss and make up or Dvorak will have to give you both jiggly and sloppy hugs.
#21, Cow-Patty,
Then post the link.
#21, Cow-Patty,
I’m still waiting to see the link.
Harry Markopolos testifies:
http://cspanjunkie.org/?tag=harry-markopolos
Awesome.
The auditors at the SEC are only one step away from the peacekeeper troops of the UN who must be having a good time at the local cafes and with the local girls while the missile laden trucks roll by under their noses pretending to see nothing
Its amazing though the action promptly taken against Elliot Spitzer without anyone in the press asking – might Mr. Spitzer have some enemies out in the financial and business fields
I actually happened upon this hearing yesterday on CSPAN. It was amazing. The congressional committee was raining praise down upon Markopolos while he was testifying. Then, when the leaders of SEC came it, they absolutely were destroyed and attacked for not doing anything when they were given so much.
Awesome.
# 23 Mr. Fusion said, “Then post the link.”
Yeah, Meet the Press posts their shows for download.
Does your mom know you are posting on this site?
Transcript: The criminal Barney Frank blaming voters for criminals like Daschle committing crimes after leaving congress. Umm, Daschle was tossed out by the voters…
All I can figure is that Barney is committing crimes and when caught he wants to be on the record as having placed the blame elsewhere…
http://www.msnbc.msn.com/id/29083534/page/4/
#29, Cow-Patty,
Maybe you should be a little more careful. There is nothing in that link where Frank blamed the voters.
Just more of your bullshit.
Post the link. I’m waiting.