HarryMarkopolosandhisteamoffinancialsleuthsdiscussfirst-handhowtheycrackedtheMadoffPonzischemeNoOneWouldListenistheexclusivestoryoftheHarryMarkopolos-leadinvestigationintoBernieMadoffandhis$65billionPonzischeme.WhilealothasbeenwrittenaboutMadoff'sscam,fewactuallyknowhowMarkopolosandhisteam-affectionatelycalledTheFoxHoundsbyMarkopoloshimself,uncoveredwhatMadoffwasdoingyearsbeforethisfinancialdisasterreacheditspinnacle.Unfortunately,noonelistened,untilthedamageoftheworld'slargestfinancialfraudeverwasirreversible.Sincethattime,MarkopolosopenlyhastestifiedandquestionedtheenforcementandfraudinvestigationcapabilitiesoftheSecuritiesandExchangeCommission(SEC),sharedasliverofthispage-turningstorywith60Minutes,andbecomeperhapstheworld'smostvisibleandinsightfulwhistlebloweronfraudandconflictsofinterestinfinancialmarkets.Throughoutthebook,MarkopolosandhisFoxHoundstelltheirfirst-handstoryofinvestigatingMadoff-withthehelpofbestsellingauthorDavidFisher.Theyexplainhowtheydiscoveredthefraud,andthenhowtheyprovidedcredibleanddetailedevidencetomajornewspapersandtheSecuritiesandExchangeCommission(SEC)manytimesbetween2000and2008,onlytohavehiswarningsignoredrepeatedlybytheSEC.
*ProvidesafirsthandaccountofhowMarkopolosuncoveredMadoff'sscamyearsbeforeitactuallyfellapart
*DiscusseshowtheSECmissedtheredflagsraisedbyMarkopolos
*DescribeshowMadoffwasenabledbyinvestorsandfiduciariesalike
*TheonlybooktotellthestoryofMadoff'sscamandtheSEC'sfailingsbythosewhosawbothfirsthand
DespiterepeatedwrittenandverbalwarningstotheSECbyHarryMarkopolos,BernieMadoffwasallowedtocontinuehisoperations.NoOneWouldListenpaintsavividportraitofMarkopolosandhisdeterminedteamoffinancialsleuths,andwhatimpacttheywillhaveonfinancialmarketsandfinancialregulationfordecadestocome.