Home Value Investing Markopolos’ 2005 Letter to the SEC about Madoff’s Fraud

Markopolos’ 2005 Letter to the SEC about Madoff’s Fraud

Advertisement Disclosure: When you purchase through our sponsored links, we may earn a commission from our partners. By using this website you agree to our T&Cs.


H/T to Canadian Value for this fantastic find.

This is the 2005 letter from Harry Markopolos to the SEC pointing out issues with Madoff Investments (run by Bernie Maddoff).

The production of this letter has resulted on mounds of praise being pored on Mr Markopolos for identifying a ponzi scheme. One Congressman even called Mr. Markopolos a Greek hero during his testimony on February 4, 2009.

Markopolos authored a best-seller on the topic titled, No One Would Listen.

Below is the full letter

exhibit-0293

Screenshot_113

Our Editorial Standards

At ValueWalk, we’re committed to providing accurate, research-backed information. Our editors go above and beyond to ensure our content is trustworthy and transparent.

Editor
Investing

Which Stocks Should You Buy, and Sell, in 2026?

Dave Kovaleski6 months

Also, the 3 sectors that Wall Street analysts are most bullish about. The usual suspects dominated in 2025 as both the Communication Services and Information Technology sectors helped boost the...