Harry Markopolos Testifies on Madoff, SEC
Independent financial analyst Harry Markopolos testified on Capitol Hill today. Markopolos spoke about his decade-long quest to get the SEC to investigate Bernie Madoff, to no avail. Markopolos's testimony is as strong an indictment of the SEC as we've ever heard. If the SEC could not nail Madoff after Markopolos did all the leg work, the SEC cannot be expected to stop any financial fraudster.