Sign up to save your podcasts
Or
Share The SEC Had The Evidence& Ignored It For 9 Years. - Madoff Chapter 2
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
The SEC Had The Evidence& Ignored It For 9 Years. - Madoff Chapter 2
Harry Markopolos figured out Madoff's fraud in four hours — then spent nine years being ignored by the SEC.
In November 2005 he submitted a 21-page memo naming 29 red flags, and the SEC still closed the case without verifying a single trade.
It took Lehman Brothers collapsing in September 2008 to drain Madoff's cash and force the confession.
When FBI agents arrived on December 11, 2008, Madoff greeted them in his bathrobe and said: 'There is no innocent explanation.'
🎧 Part of the Sleepy Stock Market series — financial history told as documentary audio.SLEEPY STOCK MARKETFall asleep to the greatest stories in financial history.
#BernieMadoff #PonziScheme #WallStreetScandal #HarryMarkopolos #FinancialFraud #SECFailure #TrueFinance #FinancialHistory
View all episodes
By Sleepy Stock MarketHarry Markopolos figured out Madoff's fraud in four hours — then spent nine years being ignored by the SEC.
In November 2005 he submitted a 21-page memo naming 29 red flags, and the SEC still closed the case without verifying a single trade.
It took Lehman Brothers collapsing in September 2008 to drain Madoff's cash and force the confession.
When FBI agents arrived on December 11, 2008, Madoff greeted them in his bathrobe and said: 'There is no innocent explanation.'
🎧 Part of the Sleepy Stock Market series — financial history told as documentary audio.SLEEPY STOCK MARKETFall asleep to the greatest stories in financial history.
#BernieMadoff #PonziScheme #WallStreetScandal #HarryMarkopolos #FinancialFraud #SECFailure #TrueFinance #FinancialHistory