California Real Estate Fraud Report

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16
Jul

Who is the Hero of the Bernie Madoff Ponzi Scheme – and Who Served the Devil?

Harry Markopolos is the accountant and Certified Fraud Examiner (CFE) who uncovered the largest Ponzi scheme in history, and as a result Bernie Madoff is sitting in prison for 150 years. But Markopolos, who spoke on July 14 at the 20th annual conference of the Association of Certified Fraud Examiners (ACFE), isn’t rubbing his hands together with glee; instead, he said the case was “gut-wrenching” and he feels “tremendous sadness for the victims”, who count charities and other non-profits, institutional investors, foreign investors and individuals in their ranks, some of whom lost most or all of their financial holdings.

Monique Bryher covered Mr. Markopolos’ speech at the ACFE’s conference in Las Vegas July 12-17.

If you want to learn who the “Devil” is, read the article by Monique Bryher on Examiner.com

Photo: Assn. of Certified Fraud Examiners

Photo: Assn. of Certified Fraud Examiners

© Copyright 2007-2017 Monique Bryher

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The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud, short sale fraud, REO fraud, appraisal fraud, loan modification scams, loan modification fraud and other real estate related crimes occurring in Los Angeles and California. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about real estate fraud, mortgage fraud and appraisal fraud matters or who believe they require legal counsel should seek the advice of an attorney.

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