Global Summit: Harry Markopolos

Category:  BloggERy
Friday, November 15th, 2013 at 9:45 AM
Global Summit: Harry Markopolos by Jay Stevens
Harry Markopolos, during his Erie days

The whirlwind week for the Jefferson Educational Society comes to a close tonight with the Global Summit's Thomas B. Hagen Dignitas Award winner, Harry Markopolos. That award goes to an Erie citizen "who has made a significant contribution to the vitality of American democracy."

Who: Harry Markopolos

What: "The Eight Year Undercover Campaign to Expose Bernie Madoff"

Why: Markopolos was working as a portfolio manager at a Boston-based securities firm when he figured out that Bernie Madoff was running a multi-billion-dollar Ponzi scheme, and he promptly alerted the SEC. That was 2000. It wasn't until 2008 that the feds investigated and prosecuted Madoff -- and that was only after one of Madoff's sons ratted him out.

In short, the dude's a kind of modern-day Cassandra. Which reminds me of the line in the poem by Robinson Jeffers:

Truly men hate the truth, they'd liefer
Meet a tiger in the road.

Bonus Why: Markpolos wrote a book about his investigation of Madoff, called "No One Would Listen: A True Financial Thriller."

Obligatory link to The Daily Show: Yes, Markopolos appeared on Jon Stewart -- in which he eviscerates the SEC.

Erie stuff: Markopolos went to Cathedral Prep during his Erie days. Later he worked for Makefield Securites in the city, which was part-owned by his father.

Erie Reader: Vol. 6, No. 20
Now Available — Pick It Up Today

CURRENT

Now serving up good vibes on State Street

Fighting for change in our most vulnerable communities.

Running into a blazing building can be ‘terrifying,’ but some choose to do it, anyway. 

Here are three good opportunities to lighten up as the nights grow longer.

Dancing Wheels bring a world premiere to Mercyhurst.

IN THIS ISSUE

Now serving up good vibes on State Street

Fighting for change in our most vulnerable communities.

Running into a blazing building can be ‘terrifying,’ but some choose to do it, anyway. 

Here are three good opportunities to lighten up as the nights grow longer.

Dancing Wheels bring a world premiere to Mercyhurst.

Shapeshift With Me, relative to the band’s spectacular catalog as a whole, is certainly one of their less powerful studio albums.

Grate every road in downtown Erie all at once.

Some ‘multigrain’ bread has a little more protein than you’d like. 

Don’t just dream it. Be it!

If De Palmas trip down memory lane whets your appetite, come back to the museum for one of his most underrated movies a week later.