Harry Markopolos On Madoff's Accomplices (WBUR) — Transcript

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1. 0:00he had to have many and how many I don't
2. 0:03know I don't know how many he had in the
3. 0:0417th floor but he had a lot because he
4. 0:07had people taking in wire transfers from
5. 0:09all over the globe many billions of
6. 0:12dollars and he also had people
7. 0:15conducting false making falsified
8. 0:17statements for trading records and
9. 0:18sending them out every month thousands
10. 0:20of them and these things must have
11. 0:22footed to the penny because you had a
12. 0:24lot of retirees and you had a lot
13. 0:26of money management professionals that
14. 0:29would check those state to make sure
15. 0:30that they were accurate and footed to
16. 0:32the penny and if they didn't he would
17. 0:34have gotten called on it and he didn't
18. 0:35so he had to have a robust information
19. 0:37technology system to support sending out
20. 0:39that many thousands of false statements
21. 0:41and he also had to send out wire
22. 0:43transfers every month to the people that
23. 0:45were living off the investment income
24. 0:47that he was reporting to be earning for
25. 0:49them so keeping all that straight and
26. 0:52then dealing with all the feeder funds
27. 0:54and all the Private Client Banks and all
28. 0:56the fun of funds it was a massive
29. 0:58undertaking he didn't not act alone he
30. 1:01had help and I'd like to see the helpers
31. 1:03Behind Bars