A super-sized fraud of this magnitude was bound to happen given the lack of regulation of these off-shore entities.
Harry MarkopolosWe as the American people have to hold ourselves accountable because we didn't hold our government accountable.
Harry MarkopolosNow, a 45-degree angle is not something we deal with in finance. It's something you see in a high school geometry class. Performance like that has never been recorded in human history.
Harry MarkopolosI 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.
Harry MarkopolosI have ... spoken to the heads of various Wall Street equity derivatives trading desks and every single one of the senior managers I spoke with told me that Bernie Madoff was a fraud. Of course no one wants to take an undue career risk by sticking their head up ... The fewer people who know who wrote this report the better. I am worried about the personal safety of myself and my family.
Harry Markopolos