Harry Markopolos Warns Of Three New Ponzi Schemes; Including One “Bigger Than Madoff”

Harry Markopolos, who initially warned the SEC about Bernie Madoff's Ponzi scheme, revealed that he is working on three multi-billion dollar schemes, including one that will be bigger than Madofff’s. Markopolos first submitted evidence to the SEC in May 2000, eight years before the Madoff fraud was revealed.

Harry Markopolos indicates three major schemes scamming investors

Markopolos told ABC News that he has found three new schemes that are multi-billion dollars pyramids of fraud. In an explosive statement,  he indicated that one of the three schemes will be bigger than Madoff’s and that one can’t stop them. However, Markopolos declined to identify the names of the scams until he provides the information to government investigators. The guessing games have already...