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Madoff Whistleblower Cancels Congressional Testimony
When the House committee that will hold hearings today on Bernard Madoff and the role of the SEC announced its witness list, one of the most interesting names was that of Harry Markopolos. The former rival investor to Bernard Madoff, who had first argued in a complaint to the SEC that Madoff's business was not on the level, was the closest thing this scandal has had to a heroic whistleblower.
But now Markopolos has pulled out, citing illness. Given the low public profile he has maintained since his role in the scandal became public, that move raised our interest.
A spokesperson for Rep. Paul Kanjorski, who chairs the sub-committee holding the hearings, told TPMmuckraker in an email, referring to Markopolos: "He has said that he looks forward to testifying at a subsequent hearing."
So perhaps we'll get to hear from him in the end. But until we do, this will bear watching.
Josh
Zachary
Is Madoff the the tip of the iceberg?!?! Is the Pope catholic? Very few blogs have been able to wrap their arms around what the Madoff mess really implies. It wasn't a surprise that Mr. Markopolos came down with the sniffles at the last moment either.
yes, the facts are out there, I just wish someone from TPM would take the time to learn them. This is the best place to start.
www.worldreports.org
After the dust settles, many in our country will come to realize who the real crooks are. But Mr. Story has all of you in the blogosphere and MSM beat by a lightyear.
January 5, 2009 2:48 PM | Reply | Permalink
Is Madoff the the tip of the iceberg?!?! Is the Pope catholic? Very few blogs have been able to wrap their arms around what the Madoff mess really implies. It wasn't a surprise that Mr. Markopolos came down with the sniffles at the last moment either.
yes, the facts are out there, I just wish someone from TPM would take the time to learn them. This is the best place to start.
www.worldreports.org
After the dust settles, many in our country will come to realize who the real crooks are. But Mr. Story has all of you in the blogosphere and MSM beat by a lightyear.
January 5, 2009 2:51 PM | Reply | Permalink
I've met Harry a couple of times, professionally. Interesting guy. Justifiably paranoid. I was a little surprised he let the WSJ publish his picture. He may in fact be sick, and he is reasonably well known in financial circles, but my guess is that he is trying to lower his profile as quickly as possible.
January 5, 2009 2:54 PM | Reply | Permalink
I've met Harry a couple of times, professionally. Interesting guy. Justifiably paranoid. I was a little surprised he let the WSJ publish his picture. He may in fact be sick, and he is reasonably well known in financial circles, but my guess is that he is trying to lower his profile as quickly as possible.
January 5, 2009 2:59 PM | Reply | Permalink