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The Daily Cardinal Est. 1892
Thursday, September 19, 2024

Key whistleblower in Madoff scandal to speak on campus

Harry Markopolos, a financial investigator who acknowledged Bernard Madoff’s investment strategy as fraud for 10 years before federal agencies acted upon it, will speak at the Spring Ethics Symposium Thursday.

Markopolos wrote “No One Would Listen: A True Financial Thriller” based on his experience uncovering Madoff’s investment scandal.

According to a university news release, the Madoff investigation was the first case of fraud Markopolos investigated. He said in the release he found Madoff’s strategy fraudulent within five minutes of investigating but that it took 10 years to get the U.S. Securities and Exchange Commission to recognize it.

In addition to serving a year as president and CEO of the Boston Security Analysts Society, Markopolos is a 17-year veteran of the Army Reserve and National Guard, according to the press release.

Markopolos will speak Thursday at 6:15 p.m. in the Morgridge Auditorium in Grainger Hall.

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