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Originally Posted by Kasept
Mass. investor saw inside Madoff scam
http://news.yahoo.com/s/ap/20081219/...wcSuI7.1iyBhIF
BOSTON – His repeated warnings that Wall Street money manager Bernard Madoff was running a giant Ponzi scheme have cast Harry Markopolos as an unheeded prophet.
But people who know or worked with Markopolos say it wasn't prescience that helped him foresee the collapse of Madoff's alleged $50 billion fraud. Instead, they say diligence and a strong moral sense drove his quixotic, nine-year quest to alert regulators about Madoff.
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Here's his letter to the SEC from 2005. Unbelievable that they tossed this aside like yesterday's salad.
http://online.wsj.com/documents/Mado...s_20081217.pdf
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