In an interview on the Today show Monday morning (video clip after the fold), Harry Markopolos dropped a few bombshells. Harry’s statement that he had purchased a gun and mentally prepared himself to kill Bernie Madoff in self-defense if need be will likely grab the most attention. It shouldn’t.
Markopolos’ biggest bombshell this morning is his [...]

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“That idiot woman from Barron’s.”
Who is speaking? What ‘idiot woman?’
This quote is by none other than Bernie Madoff. His assessment is of Erin Arvedlund after she had written the first comprehensive review of Madoff’s [...]

Having written about the massive regulatory failures on Wall Street for the better part of 2009, I am heartened by the House Finance Sub-Committee on Capital Markets hearing last week. The bell that tolled in this hearing deserves to ring loud, long, and clear across our great land.
Rackets operate best in the dark. Well, let’s [...]

Will Congress hit Wall Street banks with a one-time assessment in order to compensate Madoff investors? Why might that happen? Very simply because SIPC (Securities Investor Protection Corporation) was woefully underfunded given the fact that SIPC member-firms, including all the large Wall Street banks, paid a token $150 (yes, that is not a misprint, a [...]

Did FINRA invest its own funds from its internal investment portfolio with Bernie Madoff? Would FINRA’s head Mary Schapiro invest with her “dear friend” Bernie? Stick with me on this and let’s navigate the newest development in this ongoing scam. My concluding remarks provide insights you won’t find in many mainstream media outlets.
High five to [...]

The core of that question resides within the regulatory oversight of our financial industry. The American public is beginning to learn a lot about this financial regulatory oversight. How so? A month ago, SEC Inspector General David Kotz released a report, Investigation of Failure of the SEC to Uncover Bernard Madoff’s Ponzi Scheme (embedded [...]

UPDATE: This episode of No Quarter Radio’s Sense on Cents with Larry Doyle has concluded, but you can listen to an audio playback here.
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Please join me this evening for NQR’s Sense on Cents with Larry Doyle as we dig deeper and work harder in navigating the economic landscape. My special guest will be Genevievette Walker-Lightfoot.
Ms. [...]

On the heels of President Obama’s speech on Wall Street at which he called for meaningful financial regulatory reform, I welcome submitting to him and the American public the following video clips. These clips are from Fox Business News “America’s Nightly Scoreboard” with David Asman on September 3rd.
While President Obama and Congress may believe financial [...]

I came across this story in my daily paper Thursday, and was immediately taken by the title, first of all, but the sheer incompetence demonstrated by the SEC over a number of years, second of all. It is truly staggering. This headline is only part of the story, though SEC Botched Inquiries Into [...]

Is Uncle Sam, in the form of the SEC, attempting to issue a mea culpa, mea culpa, mea maxima culpa in the bungling of the Madoff investigation and trying to conveniently turn the page?
The American public learned very little with the release of the SEC Inspector General David Kotz’s review of the SEC’s failure to [...]

Note: I originally posted this piece on my blog this morning (Tuesday, August 25th) at 10:47 a.m. Shortly thereafter, the article (“FINRA Rebuffs Amerivet’s Demand to Inspect Records”) that I reference in my post was removed from the Financial Planning website. I was able, however, to get a copy of the Amerivet Securities [...]

Frank DiPascali, CFO for Bernie Madoff, is widely expected to plead guilty today. DiPascali has waived his right to be indicted by a grand jury in a sign that he is looking to cut the best deal possible.
How high a pitch and how many tunes will investigators receive from the canary known as Frank [...]

Having received the maximum 150 years in prison, Bernie Madoff now knows how he will ‘exist’ for the balance of his ‘life.’ Today does not represent the end of the pursuit of justice in this massive fraud, but truly the beginning.
Victims of crime typically look for justice in two forms: restitution and justice “for all” [...]

Every exterminator will tell you that he never finds just one rat. Bernie Madoff has been exposed as an enormous rodent. Is Allen Stanford also a rat? Who else may be in the pack? Mary Schapiro, head of the SEC, revealed yesterday that the SEC is reviewing 150 other hedge funds to determine whether [...]

All indications point to a plea deal this week with Bernie Madoff. In my opinion, Bernie Madoff seems to have been treated with kid gloves to this point. House arrest for a purported crime of this magnitude defies logic. One can only assume the government