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February 3, 2009

Text of Harry Markopolos Testimony

Bernie Madoff whistleblower Harry Markopolos will be testifying tomorrow in Congress on how the SEC dropped the ball in the Madoff Ponzi scheme. The WSJ has obtained a copy of his document submission/testimony, and it’s all here. Weirdly fascinating.

I like this tidbit from Markopolos near the end, explaining why Madoff blew up when he did: It was because his plan worked too well, oddly enough.

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