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Detailed text transcripts for TV channel - MSNBC - 20100302:04:31:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20100302:04:31:00

Did due diligence, realized that madoff was not legit and stayed away. but still they didn't blow the whistle. they didn't tell anybody? >> when you live in a glass house you don't throw stones and self-regulation doesn't work and i think this case proved it. hundreds if not thousands of people knew and no one reported it to the s.e.c. except my team and maybe two or three other whistle blowers. that was it. >> weren't those other firms though also competing with madoff? wouldn't they have had a reason to try to get him out of the market? >> i'm sure all of them lost business to madoff. i know...

Detailed text transcripts for TV channel - MSNBC - 20100302:02:35:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20100302:02:35:00

And incentivized. >> you are a full-time fraud investigator now. >> full-time. >> it doesn't work -- one of the things that's interesting about your personal story here is doing that doesn't work as a career unless there are cops who you can turn in the robbers to. right? it's one thing to expose the fraud and put together the case but if nobody responds once you bring it to the authorities' attention you're not getting anywhere as a fraud investigator. have you ever thought about instead of doing what you're doing going to work for the government to show them how it's done? >> i do indirectly...

Detailed text transcripts for TV channel - MSNBC - 20100302:02:31:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20100302:02:31:00

Due diligence, realize madoff was not legit, and stayed away but didn't tell anybody? >> when you live in a glass house you don't throw stones and self-regulation doesn't work and i think this case proved it. hundreds if not thousands of people knew and no one reported it to the sec except my team and maybe two or three other whistle blowers. that was it. >> weren't those other firms though also competing with madoff? wouldn't they have had a reason to try to get him out of the market? >> i'm sure all of them lost business to madoff. i know all the firms in boston lost customers to madoff beca...

Detailed text transcripts for TV channel - MSNBC - 20100302:04:35:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20100302:04:35:00

>> you are a full-time fraud investigator now. >> full-time. >> it doesn't work -- one of the things that's interesting about your personal story here is doing that doesn't work as a career unless there are cops who you can turn in the robbers to. right? it's one thing to expose the fraud and put together the case but if nobody responds once you bring it to the authorities' attention you're not getting anywhere as a fraud investigator. have you ever thought about instead of doing what you're doing going to work for the government to show them how it's done? >> i do indirectly. i do give my cas...