Harry Markopolos Biography | Wiki
Harry Markopolos (Full Name: Harry M. Markopolos) is a popular American Financial fraud investigator who is the author of No One Would Listen: A True Financial Thriller released in 2010. He also serves as a forensic accounting analyst for attorneys who sue companies under the False Claims Act. Previously, Harry worked as a securities industry executive and independent financial fraud investigator, who first recognized Bernie Madoff as a fraud.
He started his profession on Wall Street in 1987 as a broker with Makefield Securities, a small Erie-based brokerage. In 1988, Harry got a job with Darien Capital Management in Darien, Connecticut, working as an assistant portfolio manager. From 1991 through 2004, Harry worked as a portfolio manager at Boston-based options trading company Rampart Investment Management, finally working as its chief investment officer.
During 1999, Harry learned that one of Rampart’s frequent trading partners, Access International Advisors, was operating with a hedge fund manager who consistently offered net returns of 1% to 2% a month. Harry harshly condemned the SEC for ignoring his cautions about Madoff. Following Madoff’s acknowledgment of operating the largest private Ponzi scheme in history, he was sentenced in 2009 to 150 years in jail.
Harry Markopolos Age
Harry was born on October 22, 1956, in Erie, Pennsylvania, in the United States. He is 67 years old. Harry celebrates his birthday on October 22, every year.
Harry Markopolos Height
He is a man of average stature. Harry stands at a height of 5 ft 8 in ( Approx. 1.72m ).
Harry Markopolos Family
He was born in Erie, Pennsylvania, the eldest child of Georgia and Louis Markopolos, a Greek-American restaurateur. Harry has two siblings Melissa and Louie. He is of Greek. Harry’s father and two uncles once possessed 12 Arthur Treacher’s Fish and Chips restaurants in Maryland and Delaware. His brother, Louie, once operated the trading office for a New Jersey brokerage company.
Harry Markopolos Wife
Harry is married to his wife Faith Markopolos who serves in the financial industry for an investment company conducting due diligence of portfolio managers. The two have three sons two of whom are twins named Harry “Hare Bear” Markopolos and Louis “Big Lou” Markopolos .
Harry Markopolos Education
He went to Roman Catholic schools, graduating in 1974 from Cathedral Preparatory School in Erie, Pennsylvania. In 1981 Harry earned an undergraduate degree in Business Administration from Loyola College in Maryland and in 1997 a Master of Science in Finance from Boston College.
Harry Markopolos Book
In 2010 Harry published his book titled No One Would Listen: A True Financial Thriller which featured his account of the Madoff scandal and how the U.S. Securities and Exchange Commission was unsuccessful to react to his caution. Harry was a guest on The Daily Show with Jon Stewart on March 8, 2010.
Harry Markopolos Ge | Report
In 2019, Harry released a report alleging fraudulent accounting within General Electric. The report made the company’s stock to decrease by 10.3% on August 15, 2019. The stock shut at $9.03 before the report and later shut at $8.01 the next day when the report was released. Harry claimed GE was a fraud “bigger than Enron.” Later, GE named the report “meritless” and an attempt at “market manipulation” by Harry; Wall Street analysts shrugged off the report; and the regulators named the report “fairly simplistic.” Three months following the 175-page Harry report, GE stock had increased almost 44% to close at $11.52 on November 15, exceeding the general stock market.
Harry Markopolos Today
Today, Harry is still based in Massachusetts, where he works as a full-time, self-employed Chartered Financial Analyst and Certified Fraud Examiner.
Harry Markopolos Madoff | Bernie Madoff
From 1999 through 2008, Harry uncovered evidence that suggested that Bernie Madoff’s wealth management business was a huge Ponzi scheme. In 2000, 2001, and 2005, Harry warned the U.S. Securities and Exchange Commission (SEC) of his views, supplying supporting documents, but every time the SEC neglected him or gave his proof only a cursory investigation. Madoff was eventually disclosed to be a fraud in December 2008, when his sons called the Federal Bureau of Investigation. Following acknowledging to operating the largest private Ponzi scheme in history, Madoff became sentenced in 2009 to 150 years in prison.
Harry Markopolos Website
His website The Markopolos website (www.gefraud.com) alleges this giant fraud disappeared following condemnation of the quality of his analyses.
Harry Markopolos 2022
As of 2022, he actually focuses on the forensic investigations of Public Company Accounting Fraud, Energy Pricing Fraud, Securities Fraud, and Ponzi Schemes, among others.
Harry Markopolos 60 Minutes
During his interview with Steve Kroft of 60 Minutes, Harry stated the biggest warning he noticed during his former 1999 analysis of Madoff was that he announced losing months only four percent of the time. To Harry’s mind, no one could possibly be that nice, given the volatility of the markets. He furthered his condemnations of the SEC in No One Would Listen.
Harry Markopolos Ge 2021
As for Bloomberg in November 2021, “For GE, the never-ending storm may pass, but at the moment, its future looks cloudy.”
Harry Markopolos Boston
From 1991 until 2004, Harry worked as a portfolio manager at Boston-based options trading company Rampart Investment Management, finally becoming its chief investment officer.
Harry Markopolos Netflix
Netflix streams docudrama on the rise and fall of Bernie Madoff: Part One. Harry testified before the House Financial Services Subcommittee on Capital Markets, Insurance, and Government-Sponsored Enterprises on February 4, 2009.
Harry Markopolos Net Worth
He gets his wealth from his work as a Financial fraud investigator who authored No One Would Listen: A True Financial Thriller released in 2010. Therefore, Harry has accumulated a decent fortune over the years. Harry’s net worth is $2 million.
How Old Is Harry Markopolos
Harry is a 67-year-old who was born on October 22, 1956, in Erie, Pennsylvania, in the United States. Harry celebrates his birthday on October 22, every year.
Where Is Harry Markopolos Now
He is an American Financial fraud investigator who authored No One Would Listen: A True Financial Thriller released in 2010. Harry also serves as a forensic accounting analyst for attorneys who sue companies under the False Claims Act. Prior to that, Harry worked as a securities industry executive and independent financial fraud investigator, who first recognized Bernie Madoff as a fraud.
Is Harry Markopolos Married
Yes, he married Faith Markopolos who serves in the financial industry for an investment company conducting due diligence of portfolio managers. The couple has three sons.
Harry Markopolos Social Media Account
Twitter – @HarryMarkopolos