The Man Who Knew

2,429,589
0
Published 2009-03-01
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.

All Comments (21)
  • @evilmanua
    "no one is that good" - god bless this man
  • @fatdaddyeddiejr
    Harry Markopolos is a true hero. He found the truth and tried to tell everyone. And nobody would listen. They looked the other way. Now people listen to him.
  • @patstokes3615
    The SEC didn't turn Madoff in, his own sons went to the FBI. The SEC did zero.
  • That is a very intelligent man there. Highest respect he deserves.
  • @quicksite
    Amazing piece. Unbelievable how Markopolis lays bare the incompetence of SEC, as well as its practices to only investigate after a major figure turns self in.
  • "Because people in glass houses don't throw stones" What a perfectly beautiful answer.
  • "It took me five minutes to know it was a fraud. It took me another almost four hours of mathematical modelling to prove that it was a fraud." I spilled my tea.
  • I love the shade at the end: "That's typically how the SEC does it."
  • @wm6739
    Same in the medical profession. Everyone knows who the bad doctors are, but nothing happens if concerns are raised. The difference being that those raising the concerns have their careers ruined and never work again
  • @josephlucas819
    this guy is absolutely what integrity is all about....he should be head of the SEC
  • I bought the book and it’s excellent. He tried for 10 years to get people to listen to him including the SEC.
  • @Oldag75
    LOVED one of the chapter titles in Harry's book: More Red Flags Than the Soviet Union.
  • @edwinstorz702
    I love the Power in Math, nothing more powerful than having a relationship with Numbers, PERIOD!!!!
  • @Asianshortcut
    This guy Markopolos, Interviewer: “What if he’s just good?” Markopolos: “No one’s that good.” Interviewer: “Either way he was doing something illegal.” Markopolos: “Either way I knew he was going to prison.” Me: SAVAGE.
  • @kyennerell
    His book, "No One Would Listen" is well worth a read. This book goes farther to answer the questions of how and why Madoff did it than anything else I've found so far. Has anyone else noticed Harry bears a strong resemblance to Bob Odenkirk of Better Call Saul?
  • @raisedonAMradio
    One of the best “60 Minutes” segments ever! And there’s been a lot of great ones!
  • @OmegaRonY
    When he talks, he calculates every word.
  • @cocofluff
    So who at the SEC got fired for their incompetance. Everyone who signed off on closing the case against Madoff should have been fired. They were complicit in his fraud.