Harry Markopolos, a Boston deratives analyst, was asked by his boss to look into a very successful hedge fund and try to figure out why it was doing so well. He instantly realized that it was a fraud and tried many times to blow the whistle on it. He wasn’t subtle; in 2000, he sent a memo to the SEC titled “The World’s Largest Hedge Fund is a Fraud.” Fittingly, his book about the experience is titled No One Would Listen.
That fund was, of course, Bernie Madoff’s. In an interview with Jon Stewart on Monday night, Markopolos was clear about his distain for the SEC, causing Stewart to burst out, “You are an angry dude; you’re just rippin‘ these guys.”
The book rose to #18 on Amazon (it’s now at #21) and has heavy holds in libraries.
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ebook available from OverDrive