Ron Cesek's Blog – February 2009 Archive (1)
Harry Markopolos
The whistleblower who detected the alleged Bernard Madoff fraud nine years ago yesterday subjected the US Securities and Exchange Commission (SEC) to a devastating public attack.
Testifying to Congress, Harry Markopolos accused the US regulator of being scared of confronting big Wall Street investors and of being crippled by internal squabbling and incompetence. Mr Markopolos said that many banks and funds on Wall Street knew about Mr Madoff’s fraud before it was exposed but “those… Continue
Testifying to Congress, Harry Markopolos accused the US regulator of being scared of confronting big Wall Street investors and of being crippled by internal squabbling and incompetence. Mr Markopolos said that many banks and funds on Wall Street knew about Mr Madoff’s fraud before it was exposed but “those… Continue
Added by Ron Cesek on February 5, 2009 at 4:30pm — 6 Comments
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