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How the Man Who Single-Handedly Brought Down One of the World's Oldest Investment Banks Became a Financial Misconduct Investigator

The article from Investopedia discusses the story of Harry Markopolos, a financial analyst who repeatedly warned the U.S. Securities and Exchange Commission (SEC) about Bernard Madoff's Ponzi scheme. Markopolos, who worked for a rival firm, first became suspicious in 1999 when he was asked to replicate Madoff's investment strategy and found it mathematically impossible. Over the years, he sent detailed reports to the SEC, outlining how Madoff's returns were too consistent and too high to be legitimate, suggesting a fraud of monumental scale. Despite his efforts, the SEC failed to act decisively until Madoff's scheme collapsed in 2008, revealing a $65 billion fraud. Markopolos's persistence in exposing Madoff, despite personal risks, underscores the challenges whistleblowers face and the systemic failures within regulatory bodies.

Read the Full Investopedia Article at:
[ https://www.investopedia.com/man-who-brought-down-an-investment-bank-8777618 ]