Madoff Whistleblower Harry Markopolos to speak Nov. 3
October 27, 2010
Loyola University Maryland’s Sellinger School of Business and Management will welcome whistleblower Harry Markopolos, '81—a Loyola business administration major now world-famous for helping uncover one of the most significant financial scams of the 21st century, Bernard “Bernie” Madoff's Ponzi scheme—on Wednesday, Nov. 3. The event takes place from 6 – 7:30 p.m. in McGuire Hall on Loyola’s North Charles Street campus.
Markopolos, a self-employed financial investigator who specializes in uncovering billion-dollar financial fraud schemes under the Internal Revenue Service and Department of Justice whistleblower programs, warned the Securities and Exchange Commission (SEC) about Madoff’s suspiciously high returns in 2000, 2001, 2005, and 2007, to little response. He details his futile attempts in his book, No One Would Listen: A True Financial Thriller. Madoff, whose fraud scheme officials estimate at $65 billion, was finally arrested in December 2008, and in June 2009 was sentenced to 150 years in prison.
“Doing the right thing can be difficult—and it’s rarely cut and dry—but through a values-centered approach to business education we try to shift our students’ mindsets to see the long term effects their business decisions have on the company and the greater community,” said Karyl B. Leggio, Ph.D., dean of the Sellinger School of Business and Management. “Alumni like Harry are certainly a testament to the kind of leader that Loyola aims to educate—an ethical, discerning leader—and testament to our Jesuit, principled-focused approach to business education.”
The event is free and open to the public. Guests must reserve tickets at the box office on the University’s North Charles Street campus between the hours of 11 a.m. – 2 p.m., or by calling 410-617-5932.