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Markopolos To Mobsters: "I'm the Good Guy Here."
Harry Markopolos, the Bernard Madoff whistleblower, ended his testimony about an hour ago. But before he did, he fleshed out his thoughts about Madoff's ties to organized crime.
In a remarkable moment, Markopolos even addressed the mobsters directly, arguing -- in an apparent effort to convince them not to go after him -- that he was protecting them Madoff's scheme.
Here's the exchange with Rep. Gary Ackerman:
ACKERMAN: I'm talking about, when you talk about the Russian mob and organized crime, these are people who invested through European investors or European feeder funds?MARKOPOLOS: Correct. And I didn't fear of them, and I didn't think they were going to come after me, I want to make this perfectly clear to all those Russian mobsters and Latin American drug cartels out there...
ACKERMAN: You're talking directly to them.
MARKOPOLOS: I was acting on your behalf trying to stop him from zeroing out your accounts. I'm the good guy here. Just like to make that clear.
ACKERMAN: Uh, yeah I think we registered that.
Here's the video:













So who's going to play Harry Markopolos when the movie is made about this?
It's like Syriana for Wall St.
February 4, 2009 2:05 PM | Reply | Permalink
Relax, everyone - those crooks will get a lot of their money back.
Any forensic accountants out there want to follow the money this time ?
A lot of the bailout cash will disappear down some curious holes - back to the greasy bastards who can have people killed.
Bonus discovery : dirty money is way, way deep into Washington - see if you can sniff out which members of congress are beholden to the wise guys.
Alternative scenario : Wall Street, and therefore Washington, are totally free of such influence.
February 4, 2009 2:18 PM | Reply | Permalink
As they still say in the WitPP- relax & ExLax.
February 4, 2009 2:33 PM | Reply | Permalink
Sheesh, do you have a quota to make on posts here? 11 little sound bite sized notes in three hours... please!
February 4, 2009 2:47 PM | Reply | Permalink
While I appreciate the coverage, it does sorta kill the flow of comment conversation. Maybe Mr. Roth could just keep updating the initial post on this topic - one constantly updated post a day sorta deal.
February 4, 2009 6:31 PM | Reply | Permalink