Markopolos had gift wrapped Madoff to SEC « Enterprising Investor Forum

Markopolos had gift wrapped Madoff to SEC Thursday, February 5, 2009

Posted by ei-forum in Miscellaneous.
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Indeed, Markopolos had gift wrapped and delivered the largest ponzi scheme in history to the SEC and absolutely nothing was done with the information! Furthermore, he claims that he will deliver more names in the near future….

This is truly incredible. Markopolos had actually submitted a detailed report in 2005 where he highlighted that Madoff was a fraud, that he was sure the returns were impossible and that – therefore – the fund was involved in illegal activities.

It will be interesting to see how the SEC tries to get out of this one….