No One Would Listen: A True Financial Thriller. Harry Markopolos

Ritholtz

I met Harry several times — a quiet, studious guy. Very serious. The sort of guy you want doing your taxes.

That he discovered the Madoff fraud isn’t very surprising; That he could not get anyone to listen is amazing.

How long did it take to uncover and expose a $40 billion crook? Ten years.

Even though Markopolos said he knew in five minutes that Madoff was a fraud, no one in the government had a clue, they just couldn’t figure it out? Well, it certainly is a better defense to feign incompetence than admit culpability, isn’t it?

Of course someone was paid off. Probably lots of them.

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