Wednesday, 3 March 2020
SLOW burn Bernie
I've moaned about how slow things are to move against Irish fraudsters when compared to how quick the US authorities moved against Bernie Madoff. His sons blew the whistle in October 2008 and by March 2009 he was serving a life sentence. There's nothing like the immediate threat of jail to uncover any hidden stashes of money. But it seems the US financial watchdogs have not covered themselves in glory. Self-confessed 'Greek geek' Harry Markopolos has written No One Would Listen about his ten year battle to expose Madoff as a fraud. He was pointing the finger long before Madoff was forced to admit he was a conman. Check out this very interesting extract here.
Labels:
Madoff,
Michael Lynn,
Ponzi,
Pyramid scheme,
Whistleblower
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