Something tells me that it may have already been too late by the time Markopolos was on to him as Madoff was running his Ponzi scam for decades. However, if the SEC had paid attention to this guy, some people who had not yet given his money to Madoff or had given their money to someone managing mutual and retirement funds had dealings with Madoff would have been spared this awful financial tragedy.
@DrPepperAndSteak can you imagine if 60 minutes actually did a REAL story about the truth of financial fraud in america and globally by exposing the rockefellers and the federal reserve with its fornicating with the european central bank, imf and all of this connected to the city of london? all of this to collapse the financial systems of the world - huh, and russia just joined the wto - they're going down now too..it's the end of the world as we know it.. and i feel fine..
behold!!!! remember that the ''law'' is just a matter of perception there bare no exacts just a bunch of variables and loop holes. A man works his whole life..hard work, overtime to provide for his family just when life gets better and things are getting easier he invests to secure some comfort for the end years of his life .... when that time finally comes he finds out that 50 years of work just vanished from under him now he seats at a soup line hungry and ashamed ...what a horrible fait
It no longer surprises me that a blind eye has been turned towards the trading of Credit Default Swaps on our homes. Every SEC investigator who allows this Wall Street gang to continue destroying our nation should be sharing a jail cell with Madoff for life.
I don't like denigrating whistle blowers. But are there any, anywhere, that AREN'T the most arrogant, sanctimonious twats as soon as someone in the media gets to talking to them?
there is nothing wrong with being a nerd . knowledge is power using these power taking advantage of ppl should be retaliated. automech are notorious using thier skils screw u over some healthcareppl too
Stuff like this happens because moron Republicans think the Constitution protects them from everything. The Constitution only protects you from the government, not evil greedy Corporate America.
I hate that I am searching about Madoff scheme and looking for a serious discussions to understand the situation but then in every youtube video there are people who are talking about religions and generalization. please stop it.
I have no sympathy for these people. They thought they were apart of an exclusive group of people who lived the good life and i would bet never thought about the little person. They got their 12% return and kept quiet....well the shit has hit the fan and they want our sympathy? fuck them! Some schmuck loses a 8 figure fortune...ill be lucky to have a 6 figure retirement pension.
I fear the federal government is just a big bernard madoff skeem right now. We all pay our taxes to provide our defence and ssi and roads and bill of rights but the funds are being paid to the bankers and others so they can steal with law making what they cann't with banking.
You spoke my mind dude, every government is collecting huge taxes, but we are not sure where it goes. Definitely they are not using even half of it. Who knows even their reported sum is true or false. I think its going to bankers and politicians and rich mens kitty.
You spoke my mind dude, every government is collecting huge taxes, but we are not sure where it goes. Definitely they are not using even half of it. Who knows even their reported sum is true or false. I think its going to bankers and politicians and rich mens kitty.
SEC ignored Markopolos and they ignored Cmkx shareholders.
"The S.E.Cs 3.87 trillion dollar lawsuit"
Its the largest fraud case in world history. Between June of 2004 and October of 2005, over 2 trillion dollars worth of fake CMKM Diamonds Inc. shares were sold to the public. The companys shareholders are now suing the S.E.C Commissioners for 3.87 trillion dollars.
Fortunately the government has learned from it's mistakes and is now capable of running the new Health Care system, flawlessly. Get ready for excellent medical treatment and no more waiting in Doctor's offices.
Crazy, most people can't even discern that the govt had to be involved in this conspiracy. That's how stupid most people are, and it's why the market (or system) goes on functioning.
I AM TRYING TO FIND CHASING madoff . AND FUNNILY ENOUGH ITS NOWHERE TO BE FOUND ,, DOES ANYBODY THINK its WEIRD
BAWBAG100 2 hours ago
"You can't con an honest man."
slipperytaco 3 weeks ago
WHY DIDN'T HE JUST GO TO THE FBI? It was a crime he was 100% sure about, why not go to Law enforcement? This question he cannot answer.
buffett1000 4 weeks ago
Markopolos doesn't blink--kind of creepy ...
Seasass 1 month ago
It's funny watching Madoff talk at 8:15. What a psycho.
mirabilo 3 months ago
Something tells me that it may have already been too late by the time Markopolos was on to him as Madoff was running his Ponzi scam for decades. However, if the SEC had paid attention to this guy, some people who had not yet given his money to Madoff or had given their money to someone managing mutual and retirement funds had dealings with Madoff would have been spared this awful financial tragedy.
collegeman1988 3 months ago
no sir, the largest financial fraud in us history is THE FEDERAL RESERVE!
inbetweentics 4 months ago
@inbetweentics Haha, too true.
DrPepperAndSteak 1 month ago
@DrPepperAndSteak can you imagine if 60 minutes actually did a REAL story about the truth of financial fraud in america and globally by exposing the rockefellers and the federal reserve with its fornicating with the european central bank, imf and all of this connected to the city of london? all of this to collapse the financial systems of the world - huh, and russia just joined the wto - they're going down now too..it's the end of the world as we know it.. and i feel fine..
inbetweentics 1 month ago
@inbetweentics Oh, you're THAT guy.....
gradfark 1 month ago
I LUV 60 MINUTES!!!
GiveMeTheMic12 4 months ago
SNITCH!!!!!!!!!!!!!
handsome25286 6 months ago
@handsome25286 THANK GOD FOR HARRY! Madoff would still be ripping ppl off!!
GiveMeTheMic12 4 months ago
behold!!!! remember that the ''law'' is just a matter of perception there bare no exacts just a bunch of variables and loop holes. A man works his whole life..hard work, overtime to provide for his family just when life gets better and things are getting easier he invests to secure some comfort for the end years of his life .... when that time finally comes he finds out that 50 years of work just vanished from under him now he seats at a soup line hungry and ashamed ...what a horrible fait
lipito86 6 months ago
It no longer surprises me that a blind eye has been turned towards the trading of Credit Default Swaps on our homes. Every SEC investigator who allows this Wall Street gang to continue destroying our nation should be sharing a jail cell with Madoff for life.
farmboycarl 6 months ago
I don't like denigrating whistle blowers. But are there any, anywhere, that AREN'T the most arrogant, sanctimonious twats as soon as someone in the media gets to talking to them?
FGN123 7 months ago
there is nothing wrong with being a nerd . knowledge is power using these power taking advantage of ppl should be retaliated. automech are notorious using thier skils screw u over some healthcareppl too
samantha34ize 7 months ago
LADIES AND GENTLEMEN, NOW THIS IS A NERD.
financehawk 8 months ago
@financehawk If we had more nerds working at the SEC and these so-called feeder funds maybe Madoff wouldn't have operated for as long as he did
DrMBA28 4 months ago
Comment removed
Icarus19911991 9 months ago
After all this we still have moronic conservatives that think self regulation works.
TrojanMike60 1 year ago
@TrojanMike60 that's not true. Conservatives believe in capitalism and checks and balances. Madoff is a democrat.
GROMSF 11 months ago
@GROMSF democrats believe in socialism, Rockefeller republican believe in corportism
trueconservatie33 8 months ago
@trueconservatie33 what about conservative pres bush would bailed out the banks, auto, insurance co
hojoleon 8 months ago
Stuff like this happens because moron Republicans think the Constitution protects them from everything. The Constitution only protects you from the government, not evil greedy Corporate America.
jebenn23 1 year ago
I can't find any proof that this Madoff guy is, in fact, behind bars. I'm not saying he isn't, just that I can't find any proof.
jelinto 1 year ago
I feel so sorry for the man around 9.59
Sweetcleopatraa 1 year ago
I hate that I am searching about Madoff scheme and looking for a serious discussions to understand the situation but then in every youtube video there are people who are talking about religions and generalization. please stop it.
Sweetcleopatraa 1 year ago 2
I have no sympathy for these people. They thought they were apart of an exclusive group of people who lived the good life and i would bet never thought about the little person. They got their 12% return and kept quiet....well the shit has hit the fan and they want our sympathy? fuck them! Some schmuck loses a 8 figure fortune...ill be lucky to have a 6 figure retirement pension.
middlefingeratyourmo 1 year ago
"The evils of the Jews do not stem from individuals but from the fundamental nature of this people.” -- Napoleon Bonaparte
TheSerpentSeedHasWon 1 year ago
I fear the federal government is just a big bernard madoff skeem right now. We all pay our taxes to provide our defence and ssi and roads and bill of rights but the funds are being paid to the bankers and others so they can steal with law making what they cann't with banking.
fizzywool 1 year ago
@fizzywool
You spoke my mind dude, every government is collecting huge taxes, but we are not sure where it goes. Definitely they are not using even half of it. Who knows even their reported sum is true or false. I think its going to bankers and politicians and rich mens kitty.
hariraghavendra1 11 months ago
This has been flagged as spam show
@fizzywool
You spoke my mind dude, every government is collecting huge taxes, but we are not sure where it goes. Definitely they are not using even half of it. Who knows even their reported sum is true or false. I think its going to bankers and politicians and rich mens kitty.
hariraghavendra1 11 months ago
This has been flagged as spam show
SEC ignored Markopolos and they ignored Cmkx shareholders.
"The S.E.Cs 3.87 trillion dollar lawsuit"
Its the largest fraud case in world history. Between June of 2004 and October of 2005, over 2 trillion dollars worth of fake CMKM Diamonds Inc. shares were sold to the public. The companys shareholders are now suing the S.E.C Commissioners for 3.87 trillion dollars.
thislife2010 1 year ago
Fortunately the government has learned from it's mistakes and is now capable of running the new Health Care system, flawlessly. Get ready for excellent medical treatment and no more waiting in Doctor's offices.
AprilStrike 1 year ago 2
Is this a joke or are you dead serious? As I look at the US external and internal debt soaring over 10 trillion dollars, I feel a bit anxious.
Polishman1 1 year ago
Thank you for doing this story, CBS... now do the hard stories again, too.
iamafractal 2 years ago
math is a badass
born2begawlin 2 years ago
Crazy, most people can't even discern that the govt had to be involved in this conspiracy. That's how stupid most people are, and it's why the market (or system) goes on functioning.
soulharvest2012 2 years ago 10
This shouldn't shock anyone. The system doesn't work because it was never designed to in the first place.
crazyirishdan 2 years ago 7
that is unconscionable that the SEC aren't the best and brightest in finance and economics.
shakaama 2 years ago
ok...
rubasxxx 2 years ago
The US Government....Too Big to manage and Showing up from 9 to 5, working for there pension.
No Training program of testing used to insure there " QUALIFIED " to have a Job..............
ubuibiok 2 years ago