Harry Markopolos is the James Bond of Wall Street

Markopolos didn't investigate Madoff's methods for financial reward. "We did it for the flag, the flag of the United States of America," he said.


Harry Markopolos, 52, of Whitman, Massachusetts is a well respected Boston accountant who spent a decade trying to convince the Securities and Exchange Commission that Bernard Madoff was running a massive ponzi scheme.  Markopolos failed to get the SEC to act and investors are now looking at a $50 billion loss.

Markopolos likes his privacy and has tried to keep a low profile in the growing media storm around the swindle.  Declining interviews, Markopolos has crafted an image of Superman's alter-ego, the mild-mannered Clark Kent.  Described in media accounts as reserved, quiet, polite, soft-spoken, etc. the real Harry Markopolos has escaped scrutiny.

Harry, a certified fraud investigator, is a former commando who takes his kids to karate classes.  Markopolos spent seven years in the Army Reserves and was active from October 1993 to April 1995 commanding a secret "special ops" unit in Europe and Africa.

Markopolos was trained in advanced courses at the U.S. Army JFK School of Special Warfare.  Entry to the elite Army school was rigorous and applicants had to swim 50 meters in combat boots and full battle dress uniform. Harry commanded a 64-man Special Operations squad, Detachment A of the 411th Civil Affairs Battalion.  Markopolos explains his duties with a brevity of words, "Worked closely with host nation governments in clandestine offices overseas."

Markopolos was qualified for a Top Secret security clearance in order to attend the commando training school.  The official history of the 411th Civil Affairs Battalion does not record assignments in Europe and Africa during the time Markopolos led his clandestine squad so his missions remain secret.

 

Stanford Financial Group
Reports surfaced in early February 2009 that the Securities and Exchange Commission, the Federal Bureau of Investigation, the Florida Office of Financial Regulation, and the Financial Industry Regulatory Authority, a major U.S. private-sector oversight body, were investigating Stanford's company Stanford Financial Group >>>
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Thank You Harry Markopolos

 
Two employees of Allen Stanford's financial business, which U.S. regulators have accused of massive fraud, held advisory roles at a watchdog group overseeing U.S. broker-dealers aimed at preventing abuses.
 
FINRA named Richard Ketchum as its chief executive officer. He replaces Mary Schapiro, who resigned after she was confirmed as chairman of the U.S. Securities and Exchange Commission.
 
Thank You Harry Markopolos

                  Mary Schapiro and Linda Thomsen
 
 
Mary Schapiro is searching to replace Linda Thomsen, the agency's embattled enforcement chief, the New York Post said, citing people familiar with the situation. As the head of the unit responsible for ferreting out securities fraud, Thomsen was at the center of the fierce criticism leveled by lawmakers at the SEC this week over the Bernard Madoff scandal. Critics charge Thomsen and her team ignored obvious red flags and repeated warnings from whistle-blower Harry Markopolos, whose congressional testimony Wednesday portrayed the SEC as a vastly incompetent outfit. Harry Markopolos, a former investment manager who tried to warn U.S. regulators about accused swindler Madoff, told a congressional hearing on Wednesday that SEC staffs were neither willing nor able to uncover Madoff.

Mary Schapiro was in charge of FINRA which could have caught Bernard Madoff and prosecuted him, but she, Mary Schapiro chose not to!

If you want to see a typical a Government lawyer in action, watch Linda Thomsen's performance before the Congressional hearing on the Madoff affair. >>>

Ms. Thomsen should have been replace after the Enron debacle, where everyone either got off or ended up with a "Plea Bargain" reduced sentence. 10 to 1 odds she ends up as a "K-Street" lobbyist.
 

Ponzi Scheme Hearing, C-SPAN 3 VIEDO 
 
Thank You Harry Markopolos