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The Madoff Investment Scandal

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The Madoff investment scandal affected a lot of people in the late 2008 over $70 billion vanished and thousands of innocent people were affected. The part of the documentary that is the main focus today is on the whistleblower Harry Markopolos. It started in 1999 Markopolos was a young financial analyst and he informed the SEC that it was legally and mathematically impossible to achieve the gains Madoff was promising. In the documentary he said that it took him five minutes to know that Madoffs number did not add up and four hours to try and replicate Madoff success to conclude that it was a fraud. Plotting Madoff success on a graph it showed that the returns rose steadily with only a few dips. Overall Madoff loss was only four percent in