Harry Markopolos and his team of financial sleuths discuss first-hand how they cracked the Madoff Ponzi scheme
No One Would Listen is the exclusive story of the Harry
Markopolos-lead investigation into Bernie Madoff and his $65 billion
Ponzi scheme. While a lot has been written about Madoff's scam, few
actually know how Markopolos and his team-affectionately called "The
Fox Hounds" by Markopolos himself, uncovered what Madoff was doing
years before this financial disaster reached its pinnacle.
Unfortunately, no one listened, until the damage of the world's largest
financial fraud ever was irreversible.
Since that time, Markopolos openly has testified and questioned
the enforcement and fraud investigation capabilities of the Securities
and Exchange Commission (SEC), shared a sliver of this page-turning
story with 60 Minutes, and become perhaps the world's most
visible and insightful whistleblower on fraud and conflicts of interest
in financial markets.
Throughout the book, Markopolos and his Fox Hounds tell their
first-hand story of investigating Madoff—with the help of bestselling
author David Fisher. They explain how they discovered the fraud, and
then how they provided credible and detailed evidence to major
newspapers and the Securities and Exchange Commission (SEC) many times
between 2000 and 2008, only to have his warnings ignored repeatedly by
the SEC.
- Provides a firsthand account of how Markopolos uncovered Madoff's scam years before it actually fell apart
- Discusses how the SEC missed the red flags raised by Markopolos
- Describes how Madoff was enabled by investors and fiduciaries alike
- The only book to tell the story of Madoff's scam and the SEC's failings by those who saw both first hand
Despite repeated written and verbal warnings to the SEC by Harry
Markopolos, Bernie Madoff was allowed to continue his operations. No One Would Listen
paints a vivid portrait of Markopolos and his determined team of
financial sleuths, and what impact they will have on financial markets
and financial regulation for decades to come. |