HARRY MARKOPOLOS, a former securities industry executive turned independent financial fraud investigator, was the whistleblower who provided credible and detailed evidence several times from 2000 2008 that should have prompted an immediate investigation by the United States Securities and Exchange Commission into Bernie Madoff's $65 billion Ponzi scheme. Markopolos's investigation was assisted by his investigative team, including Frank Casey, Neil Chelo, and Michael Ocrant. The retelling of their true story was assisted by David Fisher.
""... updated account of his struggle to alert authorities to Madoff's crimes."" (Guardian, February 2011) [STARRED REVIEW] Markopolos, the whistleblower who filed five unheeded complaints against Ponzi king Bernie Madoff over nine years, has produced an astonishing true-life whodunit set amidst the personalities, plots, and international intrigue of Wall Street. Having collected damning information on money manager Madoff-the respected co-founder of NASDAQ who ran the largest financial scam in history-since 1999, Markopolos's work as a chartered financial analyst and certified fraud examiner, aided by an industry journalist and two colleagues from his days as a derivatives portfolio manager, lays bare the Security and Exchange Commission (SEC) as a tragically inept regulating agency that ""didn't give a rat's ass about protecting investors,"" and seemed to consider Madoff ""just another guy cutting some corners."" Realizing he had not one but two powerful opponents-""Madoff and this nonfunctioning agency""-Markopolos refused to give up, despite fearing for his life and his family; accordingly, he transmits his team's determination and fascination in contagious detail. The hows and whys of Madoff's eventual arrest, Markopolos's subsequent appearances before Congress, and the carnival of press coverage makes a satisfying conclusion to this strange epic; Markopolos also includes complete documentation of his formal submissions to the SEC, plus his recommendations for much-needed reform at the agency. (Mar.) (PublishersWeekly.com, March 29, 2010) ""... a salutary tale and the detailed regulatory lessons offered in the epilogue deserve attention."" (Financial Times, March 2010) ""... a highly readable account...."" (Pensions Week, April 2010) ""... full of details about his dispiriting efforts to alert the authorities to Bernie Madoff's $65 billion fraud."" (UK.Reuters.com, March 2010) ""... reads like a thriller, full of purple prose."" (TimesOnline.co.uk, March 2010) ""This was easily the most exiting book I have read this year."" (Actuary, September 2010)