Number of clients: 3200
Unregistered status with SEC as an investment advisor.
Remained unregistered for decades.
Harry Markopolos started allegations about Madoff almost a decade before the collapse of the firm.
One statement Harry Markopolos gave to investigators sums up the SEC perfectly “they’re a bunch of lawyers who don’t know finance or what to look for”.
The SEC turned a blind eye to the largest fraud in history.
Hell, the SEC never uncovered the fraud, Madoff turned himself in to his family on 12/10/2008 and the sons, both dead now, turned him in on 12/11/2008.
I have a hunch.
Wait until CRYPTO shenanigans begin to be uncovered. It will make Sam Bankman Fried look like a piker.
There isn't enough popcorn for what will be discovered!
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