ID LIKE TO KNOW WHY IM NOT ALLOWED TO HIRE , BUY ,OR DOWNLOAD FROM ANY SOURCE THE MOVIE CALLED CHASING MADOFF !!!! ,I CAN BUY THE BOOK EVEN THO THAT WAS A HURDLE IN ITS SELF . NOBODY HAD THE BOOK . MORE AND MORE DELAYS BY UNSEEN FORCES I THINK :) OR AM I TAKING THIS A LITTLE FAR :)
The SEC is another typical bumbling Govt organization, no surprises here. A classic liberal Obama type organization. A do nothing, no work jobs factory just like the EPA, DOE, EPA, etc.
This is undeniable proof of why we DON'T need government oversight of the economy. Markopolos tells the SEC for close to a decade that Bernie Madoff is running a Ponzi Scheme, they ignore him, Bernie's sons turn him in after he confesses to them that it was a Ponzi Scheme, and NOW all of a sudden, we need MORE regulation? These fucking clowns can't even be trusted to enforce laws that are already on the books, and we should give them MORE regulatory power!? You people are EEEEDIOTS!!!!
These committee's are a joke, it's just a show for dumb americans to think their government is doing nothing. At the end of the day the jewish bankers still call the shots in this corrupt government.
I admire Markapolos for all he did but I can't help wondering why he kept on bothering with the SEC when he knew they were ineffective. Why didn't he just turn this to the FBI as it was so obvioulsy a criminal case against Madoff and save some people?
Most insightful part of his book is the chapter on the media not listening. Great line: "I always wonder in conspiracy movies why the hero just doesn't go to the press, get the truth out and it'll all be okay. Now I know, it doesn't work at all." And his heading of the chapter: "Did No One Want a Pulitzer?" The SEC is one thing but you'd think some reporter in nine years would want to blow this open.
The SEC was right where the Republicans wanted it - a government agency that services their clients - Wall Street. For that "government" gets the blame? Blame the political party that wanted a toothless agency. Had citizens (including Democrats) not bought into the Republican mantra - "government needs to get out of the way of business", not only what there not have been a Maddoff, there wouldn't have been a financial meltdown. Was that lesson learned? No. Tragic.
SEC is another Government Dept to legally give tax payers money to people , thru SALARIS < PENSIONS <BENEFITS !! another scheme to rob tax payers money !!!!!!!
@dave9767 gay boy-I live in Chicago and oh yeah I wouldn't think about coming without my .357 magnum. Then I will pick through your remains and find your address-I will then fuck your wife and children while I murder them. I'm into snuff-I assume you are too. And when the US collapses I will dance on it's shit grave and then I'll go fuck your mother and then murder her.
@EFTanker Bin Laden's been dead for years. Oh, and his birth certificate was faked too. Wake up sheep. Go to Youtube and type in Obama's fake birth certificate and you'll see how they faked it.
...And Harry doesn't mind, if he doesn't, make the scene. He's got a daytime job. He's doing alright. He can play the honky tonk, like anything. Saving it up, for Friday night, with the Sultans, with the Sultans, of Swing.
The douch bag democrats let this happen. Obama says he wants to look forward and not back. Oh boy-jughead doesn't get it. Obama is an illegal alien and shouldn't even be president.
Harry is a hero. F the US and the entire US Ponzi scheme economy, like social security. Wait until the US economy crashes. Oh what joy-I wish Harry the best-any asshole that doesn't recognize him as a hero-truly is an asshole.
What I don't understand is this, Madoff, through his very successful brokerage firm, had access to plenty of private data on market activity, he would have been able to produce massive returns front running on his clients' trades. Perhaps it would have been immoral in some people's eyes but it wouldn't have been nearly as immoral as fabricating returns and he would probably have been sent to prison for 10 years not 150.
This dick reads with his finger like a first grader!!! Hope he's enjoying the limelight. Dear Harry, YOU ARE STILL A LOSER. This guy is just terrible.
The Bush/Republican appointed people at the SEC through that time period... so much for allowing for 'self-regulation'... a joke. Under conservative/libertarian leadership this is what happens....you're letting the fox watch the hen house... Markopolos is a true American hero.
That is how Markopolos uncovered the crime, he noticed that Madoff was pulling off ridiculous figures such as 20% in a year of bear markets, so he back-engineered the figures and after only 4 hours of analysis realised there was no possible way that it was legitimate and that it had to be a massive ponzi scheme.
Over the 8 years he was whistle-blwing and deliberately being ignored by the SEC he received many threats and was told to shut-up. The SEC is criminal.
I love it. The attorneys didn't think the CFA knew what he was talking about. And look what happened. A law degree does not a great mind make, as has been shown time and again. This time the vulgar arrogance of those in the legal profession has cost this country dearly. Hopefully congress will learn from this and all attorneys will be exterminated from the SEC. Bring in mathematicians and see how many more Madoffs get away with it.
Madoff rubbed the shoulders of some very powerful and very dangerous people and he pissed off 40 countries, the only safe place would be a prison cell.
He, and all the people that helped him determine that Madoff was fraud, could immediately replace the incompetent morons that failed to catch the fraud. And You didn't even have to catch it. They did ALL the work for the SEC. SMH!
Is there any reason NOT to commit massive fraud? All I get out of this is that anyone with the balls to pull off a major scam has nothing to fear from the authorities.
Wall Street has proven time and again beyond a shadow of a doubt that it is utterly incapable of self-regulation. Unfortunately, the Madoff case suggests that the government's capability for effective regulation is dubious at best.
Even a year later, this is powerful TV. With the Nov elections coming up, it's time for the American People to speak. Sweep our leadership with a wide broom because Congress was in charge of the SEC and did not properly oversee it, therefore, they didn't do their jobs either and shouldn't earn a paycheck at our expense.
Read his book. It's pretty terrifying. Also most people on Wall street had a hunch something was going on but don't question anything when they're making money.
All these times SEC was entirely addicted to Porn paradise that is why everybody was so busy surfing or watching porn rather than checking a boring papers submitted by a guy with funny name that might be found in highschool text books.
Harry Markopolos is an American hero! His book!! If anyone gets a chance to read it (get a copy, it's worth it!) don't pass it up!!! "No One Would Listen". He was rightfully fearful for his family and his own life during his investigation into Bernard Madoff: the most dangerously ignored man in America.
3.87 Trillion dollar lawsuit against SEC present and past Chairmans and Commissioners going on now.
cmkx shareholders, cmkm diamonds inc, after years of waiting for justice, have finnaly filled a lawsuit against SEC present and past chairmans and commissioners, including SEC Chairman Mary Schapiro.
You can find the report on that here on utube by Tim Barello on Alyona show.
"The S.E.Cs 3.87 trillion dollar lawsuit" TheAlyonaShow
So the last 20 years of SEC work you can basically claim as a loss on the government P/L statement. People at the SEC should go to Jail as well. Pay offs, Pay offs, Pay Offs.
it's easy to think that pay offs are the reason the SEC didn't move on madoff sooner, that's what I thought at first too. It's actually (surprisingly) not the case. Even Mr. Markopolos doesn't believe there were any pay offs to the SEC directly. If there were, the SEC would have given up his name to Madoff, and Mr. Markopolos probably would have either been killed or intimidated into putting an end to his whistle blowing.
@abetterplayer It basically just boils down to the SEC being financially incompetent. If there are any payoffs going on, I would suspect they would be to the congressmen who are opposing reform to institutions like the SEC, and allowing them to continue operating at the unsatisfactory level they have been in recent years. you should check out markopolos's book "no one would listen" if this stuff interests you, it was a really good read, and it goes really in depth into this stuff.
@abetterplayer It basically just boils down to the SEC being financially incompetent. If there are any payoffs going on, I would suspect they would be to the congressmen who are opposing reform to institutions like the SEC, and allowing them to continue operating at the unsatisfactory level they have been in recent years. you should check out markopolos's book "no one would listen" if this stuff interests you, it was a really good read, and it goes really in depth into this stuff.
@abetterplayer where ever theres money being made there will always be impropriety and even criminal conduct, that avenue is created with an unregulated market or rather the DJIA and brokers are self regulated. regulators like SEC , ASIC etc do not have the professional capacity or adequate facilities to examine financial market matters.
@bilaczenko CEO Mr Patrick Byrne , like Mr Markopolos must be also recognised for exposing failure of delivery in naked short selling see bloomberg special (video) "phantom shares
@bilaczenko Adendum: Too explain what CEO Mr Patrick Byrne exposed in failure of delivery in naked short selling being practised by the worlds largest hedge funds an anaology for those who do not understand financial market matters, is a term called cornering the market to these practises where the percentages are stacked in favour of hedge funds when there are more shares in a company have been accumulated in the company than what the Exchange have issued to short the company SP to oblivion.
@bilaczenko with hedge fund practises Failure of delivery in naked short selling, the intension of hedge funds is to bankrupt a company and ruin lives, it is likened to selling and collecting payment for blocks of land sold to persons who wished to build a new home, all except these major global hedge funds had no actual physical blocks of land to be had
He should be running the SEC at any price he want's ... he is worth his weight in gold a million times over. A man of integrity and honesty with enough balls to go public and question what should be questioned. But of course someone that good would never work for an ineffective government organisation. That would be too logical.
There's nothing that will convince me the government wasn't in on this scam. No way can they claim ignorance. The SEC openly aided and abetted the criminals. Has anything changed at the SEC? Hah. What a joke. Not a single person has been disciplined. In fact some of them have even been promoted. Billions of dollars were stolen and changed hands under the table. Where did it go? Black ops budgets that couldn't see the light of day? Who knows. All we can say for sure is the SEC was in on it.
Uh, I think this topic may be just a little over your head. Clearly you have no idea what I'm talking about do you? Mr. Markopolous has said basically the same thing in subsequent interviews after these hearings. Also read some of the other comments below from people who "get it" and have more than a 5 second attention span. Phew.
This is what happens when the Jews intermingle with finanical systems. This is a repeat of what happened in Europe.
The fact that the Jewish people 2% of the U.S. population has so much power is sad. The fact that they stick with themselves with their "Jewish Funds" is sad.
Some may call me a "racist" but I don't want states within states. And the Jewish people are creating another state in the U.S. that play by their own rules and prey on the American people.
Does anyone have a doubt that a certain gov't agency and SEC worked hand in hand on this? I believe interested parties in the gov't made off (ha) with a substantial amount of the stolen money. This seems like an obvious fact considering how Markopolos's warnings were ignored for so long
So let me get this straight: SEC whose reason for being is to protect open markets still collects their salaries (bonuses?) but banks who returned the money the President forced them to take, and have completely returned, with interest are being told they can't take salary and bonuses?
As nice as that would be; I have this (self admitted non fact based) gut instinct that tells me the market and our economic system isn't designed to work honestly on all levels.
Unfortunately the system has been overwhelmed with corruption and the gerneral public in your country instead of the the direct participants have been burdened with the losses in bailouts. Here in Canada we have also been made to pay and were not immune to the wall street scams.
I give you the responsibility of pointing out to Americans that socialism in order to cover the crime of looting the treasury is not the same kind of socialism you've experienced in Canada so far.
I can kind of see where you are getting at and it seems like an US vs. THEM arguement..
There are crooks in sorts of Governments, a good example is our former Prime Minister Jean Chertain he used his position to scam cash plus he avoided Canada directly entering the Iraq war due to his relationship with the French oil company that had a $6 billon oil contract with Iraq.
I believe size of population to government is key; people tune out more as populations grows.
@kpcmg THE JEWS RUN WALL STREET AND THE S.E.C., THERE IS NO WAY IN HELL COULD BERNIE MADE-OFF WOULD HAVE GOTTEN AWAY WITH THIS IF HE DIDNT HAVE INSIDE HELP FROM THE S.E.C
IT JEWISH RUN!!
I TRADE WITH JEWS I DONT TRUST THEM NEVER HAVE NEVER WILL!!!!
yea, good thing that markopolos brought the issue to the attention of his congressman (stephen lynch, referenced @ 0:16 in the clip below) in a timely fashion. there are more people to blame here than just the SEC.
Markopolos OWNS.. This is a testament to how corrupt and USELESS the SEC are.. Mind you - if Madoff hadn't confessed and given himself in, he would still be living the high life while the SEC sat idle and watched.. I'm not excusing Madoff - that crook should burn for what he did, but the SEC are enablers! Suck it up SEC and get your act together! How many more Ponzi-esque fraudsters need to get arrested before you pull your finger out???
The largest Ponzi Scheme in history, yet Main Stream Media won't touch it, and no further investigation into the ring? I mean, just another example of unchecked blind robbery while America is distracted by Democrat/Republican Left/Right Liberal/conservative paradigm thinking"...must keep those Americans in Political antagonism". Just let them argue themselves into a FEMA coffin. Where are all the anti-war Liberal protestors now that Obama is in office? Disappeared, but same dirty little war!!
yeah but Madoff is giving head in prison now to Bubba. who says there is anything wrong with street justice. come on bernie who is getting fucked now !!. only 150 years to go.
Madoff OWNED the SEC. His niece Shana Madoff was fucking the Chief Officer of the SEC Eric Swanson. Madoff are now quickly divorcing each other to protect their stolen assets.
SEC is corrupt, like the media, like congress, lawyers, Bar Associations, and the WALL ST BAnkgangster work like hand and glove with the WALL ST. gangsters... Look what happened to the woman who disclosed Clintons lover's with the blue dress strain,after the media
turned off the attention. SEC is corrupt to the core. Designed to keep the Federal Reserve Bank robbing us
This video speaks to the depth and deepness of a nine year corruption ring, that involves Politicians, the SEC, and Governmental Agencies that all looked the other way for 9 YEARS.....9 YEARS!!! So, what has become of Harry Markopoulous's hard work? Nada, nothing, zip.
if jewa wanted respect, do these type of things lesser. good, good man and stupid, greedy us people who pull the rest of the world down with them. hope that fucking jew died along with his wife in hell
consider this: The SEC is a responsibilty of the U.S. Government; so? It's the govt./ Fed's responsibility to bail-out the loss incurred by the SEC\s negligence (i.e. allowing Madoff to conduct crime) to the tune of 50 billion - honour your governing, Government!!!!!!!!
Inspirational. His diligence, courage, and objective reprimand motivates me. Now, I strive to emulate his personal character, because I respect what he has accomplished.
First of all, he tried for 9 years to get the SEC to investigate Madoff with the first warnings were sent in 1999. By 2005, he submitted a 21 page report to the SEC listing 2 dozen red flags. The SEC could not determine, for unknown reasons, that Madoff was committing fraud. The SEC is the appropriate authority to report securities fraud.
Second he submitted to others like the Wall Street Journal who did pursue a story. MAR/Hedge did write a story.
There's an age-old saying about jews that sums it perfectly regarding all of the money-grabbers such as the Madoff family, Lou Pearlman, Reed Slatkin and countless other jews.
"When they are speaking, they are lying. When they are silent, they are stealing."
serving the interests of men like Madoff are the reason why these bailouts have been invented so....shut up & pay !...LOL...& don't forget : be a true patriot, keep using credit cards, buy stuff regardless of need for it , borrow beyond your means & mortgage the next 20 or 25 years of your life - those are the tools that keep self regulated slavery going/possible & that make all of this happen to Madoff's & friend's great pleasure !
Bernie is taking the fall for all the other scumbags who loot the financial system. Don't think for a minute Bernie is the only thief. The Obama stimulus money is being looted by the rich corporate fucks. what a joke
Yes there are bigger Ponzi Artists out there. In the Philippines there's a Ponzi Scheme artist who is a CEO of a bank and mayor of a city. He Bribed SEC Philippines and ripped off Filipino Tax Payers possibly Filipino Migrant workers in China and the USA. Celso De Los Angeles The accused ponzi artist could be the next president of the Philippines. This is dangerous because he will steal the entire budget of China and the US resulting in the US-China relations to be destroyed.
Maybe I'm going off the deep end, but I think Mr. Morkopolis should receive the CONGRESSIONAL GOLD MEDAL, the highest civilian award one can receive in the U.S. Obviously, now is not the time, but in the future when the time is right, after things settle down. I admire this man, he's my hero. The fact that others did not respond to his good work should not in any way distract from this man's dedication and hard work to serve so many. If this man is not worthy, then who, I ask.
Thanks to G.Bush, this country is ruined, He let his wealthy friends to do whatever they wanted to do. (means getting richer and richer). No control, No regulations,
here in canada we have a decentralized regulatory structure (at the provincial level) that is reasonably effective. hearing this testimony really gives pause to thoughts of a federal regulatory body like the SEC in canada.
it won't work. Thats the way its been throughout human history. The rich get richer and the poor get poorer. Even if the SEC gets overhauled they will still figure out a way to steal it all. All the spolis go to the thieves
My suggestion is to hire Mr. Markopolos to run the SEC and to fire the the senior staff bums. Bravo to you Mr. Markopolos!!If we had a few more like you, this country wouldn't be in the toilet right now.
Why do these senior staff SEC people still have their jobs? They should not only be fired, but should also be brought up on criminal charges. INCOMPETENCE doesn't begin to describe their job performance.
When I get up from my toilet seat after drinking much more than a twelve pack of budweiser, sometimes there is a little pos on the toilet seat, am so stressed by what is going on, I DO NOT lie, I love my child, she is so beautiful, but she has
ID LIKE TO KNOW WHY IM NOT ALLOWED TO HIRE , BUY ,OR DOWNLOAD FROM ANY SOURCE THE MOVIE CALLED CHASING MADOFF !!!! ,I CAN BUY THE BOOK EVEN THO THAT WAS A HURDLE IN ITS SELF . NOBODY HAD THE BOOK . MORE AND MORE DELAYS BY UNSEEN FORCES I THINK :) OR AM I TAKING THIS A LITTLE FAR :)
BAWBAG100 1 day ago
i see 5 people work for the SEC
b0lliks 1 month ago
The SEC is another typical bumbling Govt organization, no surprises here. A classic liberal Obama type organization. A do nothing, no work jobs factory just like the EPA, DOE, EPA, etc.
pismo10 3 months ago
@KleineBrogel Why punish him to a life of working with a bunch of losers in the govt...
pismo10 3 months ago
Wow this guy is awesome, he's also a great communicator.
acmedressform 3 months ago
This is undeniable proof of why we DON'T need government oversight of the economy. Markopolos tells the SEC for close to a decade that Bernie Madoff is running a Ponzi Scheme, they ignore him, Bernie's sons turn him in after he confesses to them that it was a Ponzi Scheme, and NOW all of a sudden, we need MORE regulation? These fucking clowns can't even be trusted to enforce laws that are already on the books, and we should give them MORE regulatory power!? You people are EEEEDIOTS!!!!
TheManiacalSatanist6 3 months ago
I'm surprised he didn't take this to 60 minutes earlier anonymously. Why did he wait for the SEC to do something all those years?
YitzchokFreed 3 months ago
These committee's are a joke, it's just a show for dumb americans to think their government is doing nothing. At the end of the day the jewish bankers still call the shots in this corrupt government.
fortyaider 3 months ago
Markopolos for President! Get this guy on Ron Paul's staff.
davidlory 3 months ago
SEC was run by V.P Dick Cheney lawyer,then no one F**kin with all that matter
cover up ! Remembering ! Dick Cheney shooting dear walk in 2 leg ! then he got good lawyer !
kevinvu2009 3 months ago
What an absolute debacle this thing is.
An embarrassment to the funds management industry, and an unfathomable failure by the SEC...
sjs2011 4 months ago
I admire Markapolos for all he did but I can't help wondering why he kept on bothering with the SEC when he knew they were ineffective. Why didn't he just turn this to the FBI as it was so obvioulsy a criminal case against Madoff and save some people?
Anynom 4 months ago
@halflinks
jesse ventura should run the SEC!
and his deputies should be the iron sheik and hulk hogan!
obaidCarkey 4 months ago
Respect.
orenofhowick 5 months ago
Most insightful part of his book is the chapter on the media not listening. Great line: "I always wonder in conspiracy movies why the hero just doesn't go to the press, get the truth out and it'll all be okay. Now I know, it doesn't work at all." And his heading of the chapter: "Did No One Want a Pulitzer?" The SEC is one thing but you'd think some reporter in nine years would want to blow this open.
Anynom 5 months ago 3
The SEC was right where the Republicans wanted it - a government agency that services their clients - Wall Street. For that "government" gets the blame? Blame the political party that wanted a toothless agency. Had citizens (including Democrats) not bought into the Republican mantra - "government needs to get out of the way of business", not only what there not have been a Maddoff, there wouldn't have been a financial meltdown. Was that lesson learned? No. Tragic.
GenRipper 6 months ago
I TOLD YOU SOOOOOOOOOOOOOOOOOOOO
TheMasterGouki 6 months ago
Once again, i applaud!
DinaStrange 6 months ago
SEC is another Government Dept to legally give tax payers money to people , thru SALARIS < PENSIONS <BENEFITS !! another scheme to rob tax payers money !!!!!!!
chrisbrownxoxo 7 months ago
This guy lives in my town
xxliros99xx 7 months ago
Why isn't this guy running the SEC?
PlntPeace 7 months ago
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Freedomloveandtruth 7 months ago
be good if this guy could look at the fed and the big banks.
but i would fear for his wellbeing.
banditz011 7 months ago
This guy is a hero
mistax2k 9 months ago 2
@joeschmojo you must be gay. Obama is clearly not qualified or legal to be president, and any time you want to meet me-just sat=y when and where.
dave9767 9 months ago
@dave9767 gay boy-I live in Chicago and oh yeah I wouldn't think about coming without my .357 magnum. Then I will pick through your remains and find your address-I will then fuck your wife and children while I murder them. I'm into snuff-I assume you are too. And when the US collapses I will dance on it's shit grave and then I'll go fuck your mother and then murder her.
dave9767 9 months ago
Comment removed
EFTanker 9 months ago
@dave9767 ass hole btw we got osama so stop your bitchin
Markopolos was a hero... this is not about Obama
EFTanker 9 months ago
@EFTanker Bin Laden's been dead for years. Oh, and his birth certificate was faked too. Wake up sheep. Go to Youtube and type in Obama's fake birth certificate and you'll see how they faked it.
dave9767 9 months ago
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waleswatcher 11 months ago
Comment removed
waleswatcher 11 months ago
Harry is a Greek hero!
EffLabels 11 months ago
The douch bag democrats let this happen. Obama says he wants to look forward and not back. Oh boy-jughead doesn't get it. Obama is an illegal alien and shouldn't even be president.
dave9767 11 months ago
Harry is a hero. F the US and the entire US Ponzi scheme economy, like social security. Wait until the US economy crashes. Oh what joy-I wish Harry the best-any asshole that doesn't recognize him as a hero-truly is an asshole.
dave9767 11 months ago
What I don't understand is this, Madoff, through his very successful brokerage firm, had access to plenty of private data on market activity, he would have been able to produce massive returns front running on his clients' trades. Perhaps it would have been immoral in some people's eyes but it wouldn't have been nearly as immoral as fabricating returns and he would probably have been sent to prison for 10 years not 150.
theporksicle 11 months ago
This dick reads with his finger like a first grader!!! Hope he's enjoying the limelight. Dear Harry, YOU ARE STILL A LOSER. This guy is just terrible.
jm01031976 1 year ago
@jm01031976 all assholes in the industry...this guy is less than most...Get it? You see this bull run for last 2 yrs/....its imploding too
neilzep 11 months ago
This dick reads with his finger like a first grader. Hope he's enjoying the limelight. Dear Henry, YOU ARE STILL A LOSER.
jm01031976 1 year ago
The Bush/Republican appointed people at the SEC through that time period... so much for allowing for 'self-regulation'... a joke. Under conservative/libertarian leadership this is what happens....you're letting the fox watch the hen house... Markopolos is a true American hero.
Thank you, sir...
rired48 1 year ago
Harry The Hero, why didn't your SEC listen? Driven by greed. We are a greedy bunch.
denzlepob 1 year ago
@MetagalaticLamas
That is how Markopolos uncovered the crime, he noticed that Madoff was pulling off ridiculous figures such as 20% in a year of bear markets, so he back-engineered the figures and after only 4 hours of analysis realised there was no possible way that it was legitimate and that it had to be a massive ponzi scheme.
Over the 8 years he was whistle-blwing and deliberately being ignored by the SEC he received many threats and was told to shut-up. The SEC is criminal.
karlkarlkarl1234 1 year ago
Its final: the SEC was covering from Madoff in order to allow money to be funnelled to Zionist Israel.
This is what happens when you give Zionists positions of authority, their allegiance is always to stealing from America and giving to Israel.
WAKE UP
karlkarlkarl1234 1 year ago
I think Markopolo is a Greek Christian. He needs to be Sainted.
TheAmazingamerica 1 year ago 2
I love it. The attorneys didn't think the CFA knew what he was talking about. And look what happened. A law degree does not a great mind make, as has been shown time and again. This time the vulgar arrogance of those in the legal profession has cost this country dearly. Hopefully congress will learn from this and all attorneys will be exterminated from the SEC. Bring in mathematicians and see how many more Madoffs get away with it.
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fghbtyhsfrtgfrgh 1 year ago
Madoff rubbed the shoulders of some very powerful and very dangerous people and he pissed off 40 countries, the only safe place would be a prison cell.
Markopolos has my respect.
Kryptonian250 1 year ago 2
This guy is organized. his room is probably really neat.
chadsexinton 1 year ago
He, and all the people that helped him determine that Madoff was fraud, could immediately replace the incompetent morons that failed to catch the fraud. And You didn't even have to catch it. They did ALL the work for the SEC. SMH!
SexyLikeAScorpio 1 year ago
Madoff is a scumbag. But the bigger scumbags are the SEC regulators who would not investigate and shutdown the Madoff ponzi scheme. Shame on them.
samtheman467 1 year ago
this guy could easily being kill by hired gun man if madoff know about it...
Markopolos and his co have my highest respect
meis 1 year ago 11
boy harry dont fuck around lol he for real...
richyrich300020 1 year ago
man he sounds fucking pissed as fuck
covingtonium 1 year ago
I just read Harry Markopolo's book. Fantastic reading.
AnomalousAppendages 1 year ago
@AnomalousAppendages dont buy shares in it, Its a scam.
michaelwright999 1 year ago
Is there any reason NOT to commit massive fraud? All I get out of this is that anyone with the balls to pull off a major scam has nothing to fear from the authorities.
Wall Street has proven time and again beyond a shadow of a doubt that it is utterly incapable of self-regulation. Unfortunately, the Madoff case suggests that the government's capability for effective regulation is dubious at best.
drno87 1 year ago
He's wearing a wig?
MrMoralMan 1 year ago
Even a year later, this is powerful TV. With the Nov elections coming up, it's time for the American People to speak. Sweep our leadership with a wide broom because Congress was in charge of the SEC and did not properly oversee it, therefore, they didn't do their jobs either and shouldn't earn a paycheck at our expense.
favefan 1 year ago
Read his book. It's pretty terrifying. Also most people on Wall street had a hunch something was going on but don't question anything when they're making money.
dethbiker 1 year ago 3
All these times SEC was entirely addicted to Porn paradise that is why everybody was so busy surfing or watching porn rather than checking a boring papers submitted by a guy with funny name that might be found in highschool text books.
videouzleg 1 year ago
That's because the entire SEC staff was PORN SURFING!!!
y2knoproblem 1 year ago
He paid homage to his Army Special Operations background and used those skills wisely. Awesome.
triplexxxsatyr 1 year ago
ALL STOCK MARKE'TS ARE PONZI ~!!!
redivivusrisen 1 year ago
Madoff made 40 countries and very dangerous people angry. He had to turn himself in for the safety of a prison cell.
Kryptonian250 1 year ago
If they were more Markopoloses out there.
Kryptonian250 1 year ago
Harry Markopolos is an American hero! His book!! If anyone gets a chance to read it (get a copy, it's worth it!) don't pass it up!!! "No One Would Listen". He was rightfully fearful for his family and his own life during his investigation into Bernard Madoff: the most dangerously ignored man in America.
amh1230 1 year ago 2
@amh1230 A Greek -American hero, my friend ;)
EffLabels 11 months ago
@EffLabels haha yes, very true.
amh1230 11 months ago
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3.87 Trillion dollar lawsuit against SEC present and past Chairmans and Commissioners going on now.
cmkx shareholders, cmkm diamonds inc, after years of waiting for justice, have finnaly filled a lawsuit against SEC present and past chairmans and commissioners, including SEC Chairman Mary Schapiro.
You can find the report on that here on utube by Tim Barello on Alyona show.
"The S.E.Cs 3.87 trillion dollar lawsuit" TheAlyonaShow
extacylife 1 year ago
Markopolos is a badass, he had the evidence and they didn't listen. SEC is a joke.
Kryptonian250 1 year ago 3
SEC is a joke. just another bloated gov't agency waiting for their pensions provided by taxpayers, not caring who/what they catch in the meantime.
keyfoodstore 1 year ago 5
So the last 20 years of SEC work you can basically claim as a loss on the government P/L statement. People at the SEC should go to Jail as well. Pay offs, Pay offs, Pay Offs.
abetterplayer 1 year ago 17
@abetterplayer
it's easy to think that pay offs are the reason the SEC didn't move on madoff sooner, that's what I thought at first too. It's actually (surprisingly) not the case. Even Mr. Markopolos doesn't believe there were any pay offs to the SEC directly. If there were, the SEC would have given up his name to Madoff, and Mr. Markopolos probably would have either been killed or intimidated into putting an end to his whistle blowing.
JschneiUD 1 year ago
@abetterplayer It basically just boils down to the SEC being financially incompetent. If there are any payoffs going on, I would suspect they would be to the congressmen who are opposing reform to institutions like the SEC, and allowing them to continue operating at the unsatisfactory level they have been in recent years. you should check out markopolos's book "no one would listen" if this stuff interests you, it was a really good read, and it goes really in depth into this stuff.
JschneiUD 1 year ago
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JschneiUD 1 year ago
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JschneiUD 1 year ago
@abetterplayer It basically just boils down to the SEC being financially incompetent. If there are any payoffs going on, I would suspect they would be to the congressmen who are opposing reform to institutions like the SEC, and allowing them to continue operating at the unsatisfactory level they have been in recent years. you should check out markopolos's book "no one would listen" if this stuff interests you, it was a really good read, and it goes really in depth into this stuff.
JschneiUD 1 year ago
@abetterplayer where ever theres money being made there will always be impropriety and even criminal conduct, that avenue is created with an unregulated market or rather the DJIA and brokers are self regulated. regulators like SEC , ASIC etc do not have the professional capacity or adequate facilities to examine financial market matters.
bilaczenko 7 months ago
@bilaczenko CEO Mr Patrick Byrne , like Mr Markopolos must be also recognised for exposing failure of delivery in naked short selling see bloomberg special (video) "phantom shares
bilaczenko 7 months ago
@bilaczenko Adendum: Too explain what CEO Mr Patrick Byrne exposed in failure of delivery in naked short selling being practised by the worlds largest hedge funds an anaology for those who do not understand financial market matters, is a term called cornering the market to these practises where the percentages are stacked in favour of hedge funds when there are more shares in a company have been accumulated in the company than what the Exchange have issued to short the company SP to oblivion.
bilaczenko 7 months ago
@bilaczenko with hedge fund practises Failure of delivery in naked short selling, the intension of hedge funds is to bankrupt a company and ruin lives, it is likened to selling and collecting payment for blocks of land sold to persons who wished to build a new home, all except these major global hedge funds had no actual physical blocks of land to be had
bilaczenko 7 months ago
He should be running the SEC at any price he want's ... he is worth his weight in gold a million times over. A man of integrity and honesty with enough balls to go public and question what should be questioned. But of course someone that good would never work for an ineffective government organisation. That would be too logical.
abetterplayer 1 year ago 4
There's nothing that will convince me the government wasn't in on this scam. No way can they claim ignorance. The SEC openly aided and abetted the criminals. Has anything changed at the SEC? Hah. What a joke. Not a single person has been disciplined. In fact some of them have even been promoted. Billions of dollars were stolen and changed hands under the table. Where did it go? Black ops budgets that couldn't see the light of day? Who knows. All we can say for sure is the SEC was in on it.
DeathNeedsTime 1 year ago 2
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shadowedsniper 1 year ago
@shadowedsniper
Uh, I think this topic may be just a little over your head. Clearly you have no idea what I'm talking about do you? Mr. Markopolous has said basically the same thing in subsequent interviews after these hearings. Also read some of the other comments below from people who "get it" and have more than a 5 second attention span. Phew.
DeathNeedsTime 1 year ago
murder dem fcc niggas. fucking get madoff's goons to murk them niggas and they families. all dem fcc bitches
19TSEliot48 1 year ago
Nice.
shiftyjake 1 year ago
We need MORE people like Harry Markopolos to expose criminals and to expose our criminal government, like the S.E.C and others.
JAtria 1 year ago 3
regulators? why do we need them?
Let the market do this job
sov19871987 1 year ago
It did.
JTravisRolko 1 year ago
@sov19871987
Are you serious
The World is in a recession because of de-regulation but you reckon we don't need regulators.
Tekjammin 1 year ago 2
Nicholas cage is Harry Markopolos in..House of cards. Coming to you 2015
MHUnited1 1 year ago
@MHUnited1 lol it should be called made off instead though
123columbo123 1 year ago
@MHUnited1 you're bang on! hahahaha. This guys is quirky and eccentric, perfect for Cage. I can't believe I didn't think of this myself.
GorterPoss 1 year ago
@GorterPoss Cage or John Malkovich. i think either one would be great! cheers!
amh1230 1 year ago
Pelosi was useless - Today on NY News Markopols:
"the SEC culture is the same... Don't trust your government"
The Americans have the government they deserve!
sugarpuddin88 1 year ago 3
This is what happens when the Jews intermingle with finanical systems. This is a repeat of what happened in Europe.
The fact that the Jewish people 2% of the U.S. population has so much power is sad. The fact that they stick with themselves with their "Jewish Funds" is sad.
Some may call me a "racist" but I don't want states within states. And the Jewish people are creating another state in the U.S. that play by their own rules and prey on the American people.
projections 1 year ago
@projections
I can guaranty you that our now "jew free" banks in germany are no better than yours. It´s the system not the religion.
pcuimac 1 year ago 2
Your an idiot
DavidJBMW 1 year ago
Does anyone have a doubt that a certain gov't agency and SEC worked hand in hand on this? I believe interested parties in the gov't made off (ha) with a substantial amount of the stolen money. This seems like an obvious fact considering how Markopolos's warnings were ignored for so long
Artfryne 1 year ago 3
Gratuitous self-promotion
utubey5 1 year ago
The money Madoff stole is in Israel -- Madoff's contacts included members of the Israeli government, ADL, and SEC.
Ruth Madoff now claims, "the gentiles did it." Watch the Brian Ross interview.
bigsoundz 2 years ago 2
I've met Harry
clickclickpatpat 2 years ago
So let me get this straight: SEC whose reason for being is to protect open markets still collects their salaries (bonuses?) but banks who returned the money the President forced them to take, and have completely returned, with interest are being told they can't take salary and bonuses?
Is this a good change?
papalooz 2 years ago
Banks returned tax payer money with tax payer money by way of AIG.
70road 2 years ago
I would hire this guy to be the regulator..
nextthought 2 years ago 4
@nextthought true but no way the government is able to pay him what he is worth
catalinaguerrero 2 years ago
I don't think it's about money I think it's about integrity some guys just hate cheaters!!!
My guess is fear of exposer of relationships between bankers and politicians is what pervents this guy from getting a job offer.
If you hired 100 guys and paid 5% commission for revealing every stolen dollar you would either clean up the system or have 100 dead guys...
Cheers
nextthought 2 years ago 2
As nice as that would be; I have this (self admitted non fact based) gut instinct that tells me the market and our economic system isn't designed to work honestly on all levels.
Jubel06 2 years ago
Unfortunately the system has been overwhelmed with corruption and the gerneral public in your country instead of the the direct participants have been burdened with the losses in bailouts. Here in Canada we have also been made to pay and were not immune to the wall street scams.
nextthought 2 years ago
I give you the responsibility of pointing out to Americans that socialism in order to cover the crime of looting the treasury is not the same kind of socialism you've experienced in Canada so far.
jaymzdean 1 year ago
I can kind of see where you are getting at and it seems like an US vs. THEM arguement..
There are crooks in sorts of Governments, a good example is our former Prime Minister Jean Chertain he used his position to scam cash plus he avoided Canada directly entering the Iraq war due to his relationship with the French oil company that had a $6 billon oil contract with Iraq.
I believe size of population to government is key; people tune out more as populations grows.
nextthought 1 year ago
unchecked authority is always corrupt
kpcmg 2 years ago 17
@kpcmg Almost like cops.
Kryptonian250 1 year ago
@kpcmg THE JEWS RUN WALL STREET AND THE S.E.C., THERE IS NO WAY IN HELL COULD BERNIE MADE-OFF WOULD HAVE GOTTEN AWAY WITH THIS IF HE DIDNT HAVE INSIDE HELP FROM THE S.E.C
IT JEWISH RUN!!
I TRADE WITH JEWS I DONT TRUST THEM NEVER HAVE NEVER WILL!!!!
AFRICA4AFRICANS 7 months ago
9 YEAR INVESTIGATION?? lol...corrupted country.
blind leading the blind. FUCK THE USA,better yet SHORT the bloated pig!
neilzep 2 years ago
I don't get it. You don't like it here, but you won't go back to whatever sh!shithole country you came from.
jtravis282 2 years ago
i cant,i was born in this shithole. Reagan was wrong,this is the great sATAN
neilzep 2 years ago
Lord, you're a joke.
Room0468 1 year ago
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@Room0468 i cant,i was born in this shithole. Reagan was wrong,this is the great sATAN
neilzep 1 year ago
Loser
Room0468 1 year ago
yea, good thing that markopolos brought the issue to the attention of his congressman (stephen lynch, referenced @ 0:16 in the clip below) in a timely fashion. there are more people to blame here than just the SEC.
888888888andy 2 years ago
Markopolos OWNS.. This is a testament to how corrupt and USELESS the SEC are.. Mind you - if Madoff hadn't confessed and given himself in, he would still be living the high life while the SEC sat idle and watched.. I'm not excusing Madoff - that crook should burn for what he did, but the SEC are enablers! Suck it up SEC and get your act together! How many more Ponzi-esque fraudsters need to get arrested before you pull your finger out???
Nanz76 2 years ago
The largest Ponzi Scheme in history, yet Main Stream Media won't touch it, and no further investigation into the ring? I mean, just another example of unchecked blind robbery while America is distracted by Democrat/Republican Left/Right Liberal/conservative paradigm thinking"...must keep those Americans in Political antagonism". Just let them argue themselves into a FEMA coffin. Where are all the anti-war Liberal protestors now that Obama is in office? Disappeared, but same dirty little war!!
Chance99able 2 years ago
this guy should run for president
inkey2 2 years ago 2
Arrrggghhh ! this is nancy pelosi youtube page. of your " Un-American " fame !!!.. for speaking your mind !!!
Well i am not american so nancy you can stick it up your ass.
The people have clocked the FED/FDIC, SEC, FBI, Media, Congress, Senate, 24 trillion super fraud, where you wont tell us where the money went.
Mind and engage your brain before you open your mouth from now on.
Your lies are catching up with you, so better still, observe your fifth ammendment rights.
markscott7777777 2 years ago
yeah but Madoff is giving head in prison now to Bubba. who says there is anything wrong with street justice. come on bernie who is getting fucked now !!. only 150 years to go.
markscott7777777 2 years ago
Madoff OWNED the SEC. His niece Shana Madoff was fucking the Chief Officer of the SEC Eric Swanson. Madoff are now quickly divorcing each other to protect their stolen assets.
spyknife 2 years ago
People were scarred of him,His brother was cheif CEO in a powerfull bank as well.
core1976scotland 2 years ago
SEC is corrupt, like the media, like congress, lawyers, Bar Associations, and the WALL ST BAnkgangster work like hand and glove with the WALL ST. gangsters... Look what happened to the woman who disclosed Clintons lover's with the blue dress strain,after the media
turned off the attention. SEC is corrupt to the core. Designed to keep the Federal Reserve Bank robbing us
blind.
williamwagener 2 years ago
His job wasn't to stop the ponzi scheme. He told someone but they didn't listen.
Kryptonian250 2 years ago 3
After 10 years no1 gave a s**t! it seems they all took they cut & looked the other way,1 man accountacy team way out in the sticks COME ON!!.
core1976scotland 2 years ago
This video speaks to the depth and deepness of a nine year corruption ring, that involves Politicians, the SEC, and Governmental Agencies that all looked the other way for 9 YEARS.....9 YEARS!!! So, what has become of Harry Markopoulous's hard work? Nada, nothing, zip.
Chance99able 2 years ago
if jewa wanted respect, do these type of things lesser. good, good man and stupid, greedy us people who pull the rest of the world down with them. hope that fucking jew died along with his wife in hell
purelandguanyin 2 years ago
consider this: The SEC is a responsibilty of the U.S. Government; so? It's the govt./ Fed's responsibility to bail-out the loss incurred by the SEC\s negligence (i.e. allowing Madoff to conduct crime) to the tune of 50 billion - honour your governing, Government!!!!!!!!
fuhmeregan 2 years ago
Listen to my answer to Bernie Madeoff
I've Got A Smile
Just, click my name.
DivaAnnFisher 2 years ago
Whistle blowing takes guts.
He's a LEGEND!
CostaVellis 2 years ago
he's from mass, consider him a paul revere
natem20 2 years ago
This dude should be working for the CIA
dervit 2 years ago 2
I can see a huge Hollywood blockbuster coming outta this...
dervit 2 years ago
What?? He did everything he could do to stop Madoff - it was the bureaucracy and SEC red tape that kept the SEC from acting.
Markopolos isn't to blame for the failure to act - he's the lone prophet who foretold that "the emperor had no clothes."
davidisaurus 2 years ago 3
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FUCKIN JEW
unatiq 2 years ago
Inspirational. His diligence, courage, and objective reprimand motivates me. Now, I strive to emulate his personal character, because I respect what he has accomplished.
Kaluzer 2 years ago 2
His anger is understandable.
keithernet1 2 years ago 2
This comment has received too many negative votes show
it is always easy to say after a scandal, why he did not speak of this analysis to more people because he has not enough evidence...
tib33fromparis 2 years ago
First of all, he tried for 9 years to get the SEC to investigate Madoff with the first warnings were sent in 1999. By 2005, he submitted a 21 page report to the SEC listing 2 dozen red flags. The SEC could not determine, for unknown reasons, that Madoff was committing fraud. The SEC is the appropriate authority to report securities fraud.
Second he submitted to others like the Wall Street Journal who did pursue a story. MAR/Hedge did write a story.
minnowshark 2 years ago 17
There's an age-old saying about jews that sums it perfectly regarding all of the money-grabbers such as the Madoff family, Lou Pearlman, Reed Slatkin and countless other jews.
"When they are speaking, they are lying. When they are silent, they are stealing."
TheCamperz 2 years ago
Shut up. He didn't do it because he was a jew, he did it because he was a dick. I never understood what a religion has to do with your character.
taviona 2 years ago
You might want to read the Babylonian Talmud then.
spring1978ukma 2 years ago
Markopolo is worth more to us than our own government.
Mediterraneanblue9 2 years ago 7
He needs to be time's man of the year.
m620 2 years ago 6
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Nancy Pelosi,
I'm back and stronger than ever.
Send this youtube to Bill Zimmerman you fucking Bitch.
I am a true American Democrat.
You are a fucking puppet of AIPAC.
Google Al Gore Tom Heneghan Jeff Fisher Nancy Pelosi
Obama is not born in the United States.
Fuck you Bitch
The Muslims and Blacks will know where you live and protest there also.
I am a man of God but I am also about Absolute Justice.
GodLovesJeffFisher 2 years ago
Markopolos, a real American Patriot!
cchan94313 2 years ago
Markopolos is my new hero.
japstoryeditor 2 years ago 6
I think Andy Garcia would play a good Harry Markopolos..
and Director Oliver Stone
poparozi 2 years ago
Men like Madoff benefit the most from these bailouts.
magichandpuppet 2 years ago
serving the interests of men like Madoff are the reason why these bailouts have been invented so....shut up & pay !...LOL...& don't forget : be a true patriot, keep using credit cards, buy stuff regardless of need for it , borrow beyond your means & mortgage the next 20 or 25 years of your life - those are the tools that keep self regulated slavery going/possible & that make all of this happen to Madoff's & friend's great pleasure !
nuno1959 2 years ago 3
PELOSI - Fly Coach on COMMERCIAL Aircraft as the rest of us do.
RICKNASTE 2 years ago 2
Bernie is taking the fall for all the other scumbags who loot the financial system. Don't think for a minute Bernie is the only thief. The Obama stimulus money is being looted by the rich corporate fucks. what a joke
PhuckHue2 2 years ago
exactly. These bailouts and stimulus checks are giving the biggest pay-day EVER for many men just like Madoff.
magichandpuppet 2 years ago
Yes there are bigger Ponzi Artists out there. In the Philippines there's a Ponzi Scheme artist who is a CEO of a bank and mayor of a city. He Bribed SEC Philippines and ripped off Filipino Tax Payers possibly Filipino Migrant workers in China and the USA. Celso De Los Angeles The accused ponzi artist could be the next president of the Philippines. This is dangerous because he will steal the entire budget of China and the US resulting in the US-China relations to be destroyed.
Dook6 2 years ago
Maybe I'm going off the deep end, but I think Mr. Morkopolis should receive the CONGRESSIONAL GOLD MEDAL, the highest civilian award one can receive in the U.S. Obviously, now is not the time, but in the future when the time is right, after things settle down. I admire this man, he's my hero. The fact that others did not respond to his good work should not in any way distract from this man's dedication and hard work to serve so many. If this man is not worthy, then who, I ask.
fraud1958 2 years ago 5
This comment has received too many negative votes show
I share your sentiment that Mr. Markopolos is good guy, but ultimately he did nothing. He didn't actually stop the ponzi scheme.
liyon316 2 years ago
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Well done that man.
Gruntol5 2 years ago
Thanks to G.Bush, this country is ruined, He let his wealthy friends to do whatever they wanted to do. (means getting richer and richer). No control, No regulations,
damian2000usa 2 years ago
the plan hasn't stopped-this is just a continuation of the wealthy taking advantage of the lower and middle class.
LaharlD2 2 years ago
Unfortunately, his rich friends are also Obama's rich friends.
magichandpuppet 2 years ago
Harry Markopolos = National Hero!!
j97hou6 2 years ago 7
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Get out of Iraq and Afghanistan now
kakuiguy 2 years ago
here in canada we have a decentralized regulatory structure (at the provincial level) that is reasonably effective. hearing this testimony really gives pause to thoughts of a federal regulatory body like the SEC in canada.
rebharath 2 years ago 2
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Elie Wiesel, Peace Prize Winner lost $15 million to Bernie Madoff. Elis foundation does good things like caring for 1000 Ethiopian Jews in Israel.
Never mind Israel is killing innocent civilians in slums to house illegal settlers.
Mr. Wiesel, a Boston University humanities professor said this of Madoff: "We thought he was God, we trusted everything in his hands.
Jews, even peaceful & humane ones like Wiesel, help slaughter civilians & worship money. Shameless Jews.
FranklySpeaking2U 2 years ago
Sign the petition against the SEC...gopetition(dot)com/petitions/take-action-against-the-sec(dot)html
CorruptionAmongstUs 2 years ago 2
it won't work. Thats the way its been throughout human history. The rich get richer and the poor get poorer. Even if the SEC gets overhauled they will still figure out a way to steal it all. All the spolis go to the thieves
PhuckHue2 2 years ago
My suggestion is to hire Mr. Markopolos to run the SEC and to fire the the senior staff bums. Bravo to you Mr. Markopolos!!If we had a few more like you, this country wouldn't be in the toilet right now.
angelina247 2 years ago 4
Why do these senior staff SEC people still have their jobs? They should not only be fired, but should also be brought up on criminal charges. INCOMPETENCE doesn't begin to describe their job performance.
angelina247 2 years ago 5
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When I get up from my toilet seat after drinking much more than a twelve pack of budweiser, sometimes there is a little pos on the toilet seat, am so stressed by what is going on, I DO NOT lie, I love my child, she is so beautiful, but she has
Peace on earth, good will tow