Monday, Firedoglake Movie Night discusses Chasing Madoff with the film’s writer/director/producer Jeff Prosserman, which tells the story of Harry Markopolos, a Boston-based investment analyst who figured out Madoff’s Ponzi scheme in five minutes and spent a decade trying to alert the SEC and the media, only to be ignored.
In 2000, Markopolos alerted Securities Exchange Commission with detailed reports, and nothing happened. A story in the Wall Street Journal was killed. And Markopolos grew increasingly more paranoid as his calls for action and justice were ignored.
Oh if only it were a giant conspiracy! But as Chasing Madoff shows, the SEC was just simply ill-equipped and inept.
Please join us and guest Jeff Prosserman is discussing Madoff, his financial skullduggery, the SEC, and the man who tried to bring it to a stop, Monday September 25, 5pm west coast/8pm east coast on the front page of Firedoglake.com.