need to add title here

The Man Who Knew

March 4, 2009 7:24 AM

Harry Markopolos blew the whistle to the Securities and Exchange Commission about Bernard Madoff as early as 2000. Why were his warnings ignored? Steve Kroft has the interview.

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by superfancy88 March 3, 2009 8:41 AM EST
No doubt Markopolous would have appreciated your coverage, back in 2002...
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by spiritwoman3 March 2, 2009 3:56 PM EST
This is treason at it's highest level. Mr Madoff has betrayed our country. The FCC is also a traitor even if it was ignorance on their part. All involved should be placed in prison. This is the time in our country that all impurities must be brought into the sunlight and those who have betrayed our great nation should pay the price of jail and possible execution. The examples should be made high enough that this will never happen at this level again. It is people such as Mr. Madoff's whose arrogance, greed and stupidity has caused the instability that plagues our planet.
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by wes9027 March 2, 2009 2:21 PM EST
You have to wonder if the government is staffing the new Healthcare Administration (the "Trojan Horse" in the "Stimulus Bill), with with the same kind of people, but this time they'll have the power to decide who gets or doesn't get the medical treatment recommended by their doctor. .
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by Earthie48 March 2, 2009 4:07 AM EST
What is so sad, & disappointing in all of this, is that many people saw this coming over 20 years ago, when they started the Mergers and Acquisitions! Who was in the White House then, who loosen the Regulations, and the Rip Off Began!

Why Clinton went along with it, just boggles my mind, then again, coming from a meager background, I guess he thought, WHY NOT? Now the WHOLE WIDE WORLD is paying for the Filthy Rich who OWNS and CONTROLS the World.

The American People, they sit back and allowed it to happen, feeling the pinch in their paychecks, & savings. Oh sure, they give you a taste of the action, only to turn around and snatch it RIGHT BACK! Their world is not, will NOT be enjoyed by everyday people who make Investments, its only there for us to MAKE the investments, and for them to take ADVANTAGE of our IGNORANCE, LOYALTY, and STEADFASTNESS! We figure, hey, they won't take chances with their money, so we TRUST them, NOT to take chances with ours! Bottom line, they did not, they just LITERALLY STOLE our money, and ain't a damn thing we can do about it .... WHY?

Well observe Maddoff, his clients are loosing the shirts off their backs, their HOMES, SAVINGS, and he still gets to live in his mult-million dollar penthouse, when he should be UNDERNEATH the jailhouse!

If President Obama, AG, Eric Holder, and Cromo, don't make these guys suffer and PAY for what they have blatently done, all this says is that THINGS WILL REMAIN THE SAME, and I don't see how Wall Street could EVER recover & come back! The CONFIDENCE is down the toilet, not to seen again, until Wall Street is CLEANSE of the People who did this to our economy and RESTITUTIONS made. If our judicial system operates properly, these filthy, evil, greedy people should end up, looking for assistance on Welfare, and ALL their fortunes TRACKED DOWN to their Off-shore accounts, should be STRIPPED, and put back into the accounts in which they stole from!

Just as Bush and his administration was in ALL our business, every FAMILY MEMBER & CLOSE FRIENDS, of these families, their phones should be tapped, and an under cover agent assigned to track their EVERY MOVE!

This is just TOO MUCH money, along with a broken economy, lost of jobs, and World Wide effect, to let this go lightly. Allowing Maddof to say in his home, indicates, just how LIGHTLY, the government is taking this!

This is like a TERRORIST attack, if not WORSE, on the American People and the World; only difference, there were no bombs involved, but certainly, some lost of life has taken place, and I am SURE, MORE TO FOLLOW!
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by truthruth March 2, 2009 1:12 AM EST
Madoff can stay in his own home while his ex-clients lose their homes, because he has the goods on other prominent public figures implicated in this scam. He gets to cash in his last chips, and sleeep on his comfy couch a bit longer.
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by truthruth March 2, 2009 1:08 AM EST
Why is Madoff still living at home while so many other ex-clients have lost their homes? I guess it is because he has the goods on so many other prominent figures implicated in this grand ponzi, that he can cash in his remaining chips to leverage and bring down the whole glass house while cutting a few years off his impending sentence. You know money talks and...Madoff , well he gets to stay on the comfy couch for a while longer.
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by mariahwelch March 2, 2009 12:00 AM EST
For every Bernard Madoff in this country, there should be at least a thousand Harry Markopolos' --not the other way around. I am so reassured to know there a men like Mr. Markopolos out there, that he does not live in one of those glass houses he spoke of in this 60 Minutes interview, and that he persisted in his attempts to get to the truth about Madoff's schemes. The mentioning of the feeder funds was particularly interesting.
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by toyotamann56 March 1, 2009 8:42 PM EST
Couldn't you sue the SEC for not warning you about Madoff.

So why have a SEC , they are dangerous.

Jim Bradley
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by lenofus March 1, 2009 8:04 PM EST
None of this was really a mystery to many of us. Markopolous was not the only whistleblower to be ignored. And he was afraid for his life for good reason.

Please go to investigatethesec.com and deepcapture.com for more on securities fraud, and a very corrupt Securities and Exchange Commission. And help us! Write your elected representatives and demand they clean up the regulatory system, and demand they represent us, instead of financial power brokers who fill their campaign coffers.
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