Markopolos: Madoff’s Mob Ties Made Me Fear For My Life

For a while now, there have been suggestions that Bernard Madoff had ties to organized crime. And Harry Markopolos just told Congress that those alleged connections made him fear for his life as a whistleblower working to expose Madoff’s scheme.

When a committee member referred to Markopolos’ “paranoia” about his safety, he responded by referring to Madoff’s “dirty money.”

Here’s the full quote:

I don’t consider it paranoia. And the reason is, Mr. Madoff was running such a large scheme of unimaginable size and complexity, and he had a lot of dirty money. And let me describe dirty money to you. When you’re that big and you’re that secrective, you’re going to attract a lot of organized crime money, and which we now know came from the Russian mob and the Latin American drug cartel, and when you are zeroing out mobsters, you have a lot to fear. And he could not afford to get caught, because once he was caught. And if he would’ve known my name and knew he had a team tracking him, I didn’t think I was long for this world.

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