21 Quotes by Harry Markopolos

Government has coddled, accepted, and ignored white collar crime for too long. It is time the nation woke up and realized that it's not the armed robbers or drug dealers who cause the most economic harm, it's the white collar criminals living in the most expensive homes who have the most impressive resumes who harm us the most. They steal our pensions, bankrupt our companies, and destroy thousands of jobs, ruining countless lives.

I’ve found that wherever there is one cockroach in plain sight, many more are lurking behind the corner out of view.

Madoff Securities is the world’s largest Ponzi scheme.

The SEC pays peanuts and then wonders how it ended up with so many monkeys. Firms in the financial industry pay a salary plus a bonus.

Warren Buffett said, “You only find out who is swimming naked when the tide goes out.” The financial crisis of 2008 revealed many, including Madoff, to be inappropriately attired. Effective regulation must mean that the skinny-dippers are stopped while the tide is still in.

I don’t know how I could have been more explicit. I gave them a roadmap and a flashlight, but they didn’t go where I told them to go, they didn’t look where I told them to look, they didn’t tell the people I told them to call.

A super-sized fraud of this magnitude was bound to happen given the lack of regulation of these off-shore entities.

Every mathematician loves the hunt for the sour numbers in an equation.

Somebody needed to warn the public that the SEC was an out-of-control agency that served no obvious purpose other than to fool people into believing it was actually offering investors protection.