Madoff Whistle-Blower Feared Mobsters Would Kill to Stop Probe: Interview

Harry Markopolos knew right away that Bernie Madoff was a crook. While working for Rampart Investment Management in 1999, Markopolos was told about a money manager whose consistent profits seemed too good to be true. When Markopolos looked at Madoff’s financial records, he saw that the returns rose steadily at a 45-degree angle, with none of the wide swings usually associated with big-time investors. Markopolos alerted the Securities and Exchange Commission several times, but the agency failed to investigate. The swindle continued until Madoff confessed to his family and was arrested in December 2008. Read Bloomberg report here.