Tracking Madoff News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Insane and i feared for my life. there was an investigation in the 19th floor building and did a key interview. a week later he published expose of madoff the world ignor ignored. >> neil: you also sought out journalists. you sought out big names, big publications, "forbes," "wall street journal." and were you brushed aside? did they not think it was big? what? >> they thought there was no news peg. we had more red flags and developed more information. we were tracking madoff, four of us were across two continents but they didn't see anything that new. more red flags. >> neil: you know what i ...

You're not whistle blower in the traditional sense in a whistle blower usually works at the company and reveals something. in enron's case, we had a few of those. you're technically a competitor. maybe the argument when you first approached the s.e.c. this is just a guy with sour grapes against a guy getting it done. >> i'm sure they thought that. i know they thought that in new york. they said this guy doesn't have a tape with madoff confession on so he can't be a whistle blower. he didn't work for madoff and wasn't an investment. so all the 30 red flags, they ignored but they were all true. ...

Blew the whistle on madoff before anyone knew who the ponzi prince wwas. harry markopolos took those doubts on madoff to the securities and exchange commission no fewer than five times. get this. over the course of nearly ten years. yet, the s.e.c. dropped the ball again and again and again. who is to say another government agency won't drop the ball too again and again? harry joins me now. out with a definitive book on the whole madoff mess. it reads like a whodunnit. a true financial thriller. it's a thrill. good to have you. >> thank you. >> neil: are you surprised of the response you get n...

>> neil: what would you need? >> new people. you need to incentivize people to come on board and pay them a bonus for successful cases and people with fire in their belly. you can't have an arm of sheep. you need an army of lions. >> neil: what about policing pay on wall street? we think maybe if they don't take outside chances, whether they're bernie madoff or not, it would prevent chicanery in the future. >> you can't prevent chicanery. you need foxes chasing foxes and incentivize the foxes. they're taking a bureaucratic approach and we know it doesn't work. >> neil: for you personally -- i ...