It turns out there were plenty of red flags pointing squarely at the scheme Madoff was running. It was clear years ago to Harry Markopolos, the author of “No One Would Listen: A True Financial Thriller.” …
Markopolos spent hours digging into Madoff’s activities, looking for any way he could to prove that Madoff wasn’t legitimate. But no one would listen to him. The SEC couldn’t have had it any easier. Markopolos gave them a simple roadmap that outlined exactly why Madoff was lying about his investment strategy and the returns he was generating. He had no returns and no strategy, and Markopolos laid out the air-tight red flags time and again for the SEC.
‘Enforcement 40’ for 2020
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn