APB Speaker Harry Markopolos Featured in New Netflix Documentary on Bernie Madoff
16 Jan 2023
APB speaker Harry Markopolos, the former securities industry executive who blew the whistle on Bernie Madoff and his $65 billion Ponzi scheme, is featured in the new Netflix documentary about the infamous financial scammer. MADOFF: The Monster of Wall Street premiered Jan. 4. Markopolos appears in episodes three and four, as well as summarizes the financial fraud case at the end of the series. Madoff is already a top-rated documentary on the streaming platform.
After being asked by his firm to try and reverse engineer Madoff’s investments in 1999, it took Markopolos about five minutes to figure out the legendary financier was a fraud. But it took him and his team nearly 10 years to get the SEC–and the world–to accept the difficult truth ... that the man regarded as the foremost investor of our time was actually behind the largest case of investor fraud in history.
Thanks to Markopolos’ persistent flag-waving and years of covert communications with the SEC, the veil covering Madoff’s “financial magic” was eventually lifted, revealing an intricate $65 billion Ponzi scheme built on equal parts deception and SEC ineptitude. In 2009, Madoff was sentenced to 150 years in prison after pleading guilty to 11 felonies. He died in 2021.
Today, Markopolos continues to fight the good fight against the many forces that have ripped apart our nation’s financial practices and compromised the U.S. economy. In 2004, he began pursuing fraud investigations full-time against Fortune 500 companies in the financial services and healthcare industries.
He brings CEO and CFO orchestrated multi-billion dollar white-collar fraud cases to the U.S. Department of Justice and the Securities & Exchange Commission under whistleblower bounty programs. His investigations have led to several arrests and several billion dollar plus Ponzi schemes being put into receivership. He was also involved in detecting and stopping foreign exchange back-dating frauds committed by the U.S. custody banks, saving investors billions in forex transaction costs each year, as well as stopping Medicare fraud. He is also the author of No One Would Listen: A True Financial Thriller.