TPMMuckraker

Markopolos Wanted To Go Under Cover, Wear A Disguise, To Catch Madoff

Harry Markopolos, the whistle-blower on the Berrnard Madoff case, just offered a remarkable cloak-and-dagger tidbit in his testimony before a House committee, demonstrating his commitment to bringing Madoff to justice.

He said he offered to go under cover, “as I was trained to in the army,” — and wearing a disguise — in order to catch Madoff.

Here’s the full quote:

In fact, I made an offer to the SEC in my October 2001 submission, if you look closely, you’ll see, I offered to go undercover for the SEC, under their command and control, and have no one know where I was, except my wife, and have no contact with my family, during this time. And I would have assumed a disguise, as I was trained to in the army, and gone under cover and led that team to a successful result very quickly. I don’t know what more I could do to put it on the line.

We don’t either. Though the wife exception makes it seem like maybe he wasn’t really committed enough.

Late Update:
And here’s the video:


Bernard Madoff, Harry Markopolos, Securities and Exchange Commission, Wall Street

Editor & Publisher

Josh Marshall

Managing Editor

David Kurtz

Senior Associate Editor

Paul Werdel

Associate Editor

Tom Lane

Assistant Editor

Igor Bobic

Reporters

Brian Beutler

Carl Franzen

Sahil Kapur

Eric Kleefeld

Nick Martin

Evan McMorris-Santoro

Jillian Rayfield

Ryan J. Reilly

Benjy Sarlin

News Writers

Kyle Leighton

David Taintor

Pema Levy

Video Editor

Michael Lester

Research Interns

Christopher Hohmuth

Tom Kludt

Publishing Intern

Christopher O’Driscoll

General Manager & General Counsel

Millet Israeli

VP, Ad Sales

Bruce Ellerstein

Waldo Tibbetts

Bob Edmunds

Manager, Ad Operations and Sales Support

Versha Sharma

Deputy Publisher

Callie Schweitzer

Director of Technology

Eric Buth

Designer/Developer

Ni Mu

Matthew Wozniak