Fifty five year-old Harry Markopolos, a man who criticized the Securities and Exchange Commission (SEC) for disregarding his tips on Bernard Madoff’s Ponzi Scheme many years before it was discovered, is still involved in dealing with the aftermath of the Madoff case. According to reports, Markopolos pursued evidence of Madoff’s scheme from 2000 until 2008, when news of the scandal was first revealed to the world. Since that time, Markopolos has testified before Congress and traveled throughout the country for various speaking engagements.
Markopolos first told the SEC’s Boston office about his information involving the Madoff scheme in 2000, but he was largely ignored. The Madoff scandal involved $65 billion that was taken from a number of major U.S. business people, philanthropists, Americans saving for retirement and wealthy European families. A movie was made about the scandal, but it did not bring in a lot of viewers at the box office.
Currently, Markopolos is working on a case involving the State Street Corp. of Boston and Bank of New York Mellon Corp. Markopolos alleges that the banks overcharged pensions and other big clients for currency trades for a number of years. Both of the banks have denied the allegations so far.
If you or someone you love has suffered Massachusetts personal injuries because of a Massachusetts personal injury accident, you should contact our Boston personal injury lawyer professionals at the Law Offices of Gilbert R. Hoy, Jr. and Affiliates as soon as you are able at 617-787-3700. You can also email our Boston, MA law firm at firstname.lastname@example.org. Our Massachusetts personal injury lawyer specialists will not stop until we obtain the full and fair Massachusetts personal injury damages that you and your family deserve.
Contact our Boston, Massachusetts law office today at 617-787-3700.