The Whistleblower From the Madoff Scandal Tells How to Reform the SEC

Truthout - Harry Markopolos is an American hero for trying to warn the Security and Exchange Commission (SEC) about the infamous Bernie Madoff, who, for years, pulled off the largest Ponzi investment scheme in history. In 1999, while an investment officer for an investment firm in Boston, Markopolos was asked by his boss to find out why Madoff's wealth management company consistently did better than other financial firms. After about four hours of investigating and running Madoff's numbers, he realized that Madoff could not legitimately have made that high a return for his investors. However, with the help of three other coworkers, he spent the next nine years peeling back the layers on Madoff's scheme and trying to get the SEC to investigate.  Read more.