No One Would Listen: A True Financial Thriller (62 page)
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Authors: Harry Markopolos
BOOK: No One Would Listen: A True Financial Thriller
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PHOTO CREDIT: © 2009 Orjan F. Ellingvag/Dagens Naringsliv/Corbis.
Casey (
left
) worked with me at Rampart Investment Management from 1998 to 2001. Here he shares a table with me at a Rampart executive’s birthday party in April 2000.
left
) worked with me at Rampart Investment Management from 1998 to 2001. Here he shares a table with me at a Rampart executive’s birthday party in April 2000.
PHOTO CREDIT: © David Woo.
Neil Chelo, who worked with me to uncover the Madoff fraud, was interviewed for a news story by CNBC’s Mary Thompson in February 2009.
PHOTO CREDIT: © February 2009 Jeremy Gollehon with credit to Steve Bargelt.
Michael Ocrant became a member of our team after learning about Madoff from Frank Casey and beginning his investigation that led to first published expose of the fraud in
MARHedge.
MARHedge.
PHOTO CREDIT: Michael Ocrant.
The only hero in the whole mess in my opinion is Boston Securities and Exchange Commission investigator Ed Manion, who desperately tried to convince the SEC to seriously consider my submissions.
PHOTO CREDIT: Edward Manion.
Madoff’s Global Reach: Over 40 countries, 339 funds of funds, and 59 asset management companies were invested with Madoff. An estimated $65 billion was lost by investors around the world, the largest fraud ever committed. If the SEC had reacted proactively to information my team supplied, an estimated $50 billion might have been saved.DATA SOURCE: Publicly available information and Symplectic Partners databases. Data restricted to funds of funds with at least two years’ worth of return data through March 2008. For more information, see George A. Martin’s article “Who Invested with Madoff? A Flash Analysis of Funds of Funds” (
Journal
of Alternative Investments, Summer 2009).
Bernie Madoff (
left
), wife Ruth, and son Mark in November 2001, Long Island, New York.
left
), wife Ruth, and son Mark in November 2001, Long Island, New York.
PHOTO CREDIT: GI/BM/Getty Images.
Bernie Madoff, brother Peter Madoff, and sons Andrew and Mark (
from left to right)
in July 1995, Montauk, New York.
from left to right)
in July 1995, Montauk, New York.
PHOTO CREDIT: GI/BM/Getty Images.
Access International CEO Rene-Thierry Magon de la Villehuchet on November 30, 2007. De la Villehuchet lost more than $1 billion of his own, his family’s and his clients’ money to Madoff. Two weeks after Madoff surrendered, de la Villehuchet committed suicide at his Manhattan office.
PHOTO CREDIT: Guy Gurney/Sipa Press/0812241922 (Sipa via AP Images).
The names of French noble families are inscribed on the inside of the Arc de Triomphe in Paris. During the 2002 European sales trip, de la Villehuchet told me that many of his investors belonged to those families.
PHOTO CREDITS: Hisham Ibrahim/Photodisc/Getty Images (inscribed names); © 2009 by Sam Lin (Arc de Triomphe).
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