Madoff Whistleblower to Speak at Stonehill
March 14, 2013
World-renowned securities investigator Harry Markopolos, the head investigator behind the exposure of business tycoon Bernie Madoff's Ponzi scheme will speak at Stonehill's Martin Institute on March 19 at 4:00 p.m. The event is sponsored by the College's Business Administration Department and is free and open to the public. Markopolos will lead a discussion about the events and his book No One Would Listen: A True Financial Thriller. The evening will conclude with a book-signing.
In 1999, Markopolos became the chief investment officer at Rampart Investment Management, a Boston-based options trading company. Soon after, Markopolos discovered that one of Rampart's trading partners, Access International, was involved with a hedge fund with repeated one-to-two percent gains per month.
This raised red flags for Markopolos, and further investigating led him to find that Madoff (left) was receiving blank checks (carte blanche) from his investors to use as he wished. Markopolos would eventually obtain a copy of Madoff's revenue stream, and alerted officials at the Securities and Exchange Commision (SEC). After repeated requests were denied, nine years after Markopolos' initial inquiry, the massive Ponzi scheme run by one of America's richest men was fully uncovered.
Markopolos and his whistleblowing team wrote the book, and it became a New York Times bestseller. A Hollywood movie on the book and full investigation of Madoff is expected to be released in the coming years.
For more information, contact Communications and Media Relations at 508-565-1321.