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Alternative Market Briefing

Markopolos Testimony - Opalesque Exclusive: During testimony Markopolos announces the existence of another $1bln fraud, will deliver information to SEC Thursday, SEC criticized by lawmakers and Markopolos during testimony, Still a dozen unidentified feeder funds, Madoff said only brother could do audit, Lawmakers accuse SEC of impeding probe into agency failings related to Madoff, Madoff associate Jaffe appears before Massachusetts officials

Thursday, February 05, 2009

Opalesque Exclusive: During testimony Markopolos announces the existence of another $1bln fraud, will deliver information to SEC Thursday From Kirsten Bischoff, Opalesque New York : Harry Markopolos capped his testimony before a House subcommittee with the revelation that Thursday he would be presenting the SEC with information on yet another billion dollar Ponzi fraud. Markopolos, who said that he gift wrapped and delivered the largest Ponzi scheme in history (Madoff) to the SEC only to have the regulatory firm ignore him noted that this time, "I hope they will actually listen to me."

News of the existence of yet another financi......................

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