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Timeline of Harry Markopolos' Investigation of Madoff Investment

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Timeline of Harry Markopolos' Investigation of Madoff Investment Timeline of Harry Markopolos' Investigation of Madoff Investment Scheme Jan 2006 May 2001 Nov 1999 Integral Partners, $40 million derivatives Ponzi scheme, goes to Frank Casey, colleague at Rampart Michael Ocrant publishes “Madoff trial, 5 years and 5 months after Inv. Mgmt., “discovers” BM* Tops charts; skeptics ask how” Jun 2005 its discovery causing us to further doubt SEC effectiveness May 2007 Nov 1999 May 2001 Casey discovers that Aug 2007 BM is attempting to Neil Chelo of Rampart Rampart directs me to reverse borrow money at Oct 2005 obtains February 28, Chelo has opportunity to interview engineer BM’s strategy* Michael Ocrant publishes, Barron’s European Banks. 2007 portfolio of BM Fairfield Sentry’s head of risk publishes “Don’t Ask, Don’t Tell: This is the first I meet with Boston trading positions; management who displays a Bernie Madoff is so secretive, he even indication that the SEC Branch Chief portfolio shows no startling lack of acumen Feb 2000 asks investors to keep mum" scheme is running Mike Garrity ability to earn a short of funds. positive return* My four (4) hours of research proves Aug 2007 mathematically that BM is fraudulent* May 2001 Oct 2005 Jun 2007 Hedge funds all have losses this SEC’s Ed Manion month except for BM May 2000 Barron’s publishes - “Harry, Neil arranges for 3rd case This prospectus is e-mailed and Frank are amazed that BM submission to SEC New York office’s survives both the MAR Hedge and I submit 8-page Meaghan Cheung Barron’s articles” 2008 document to SEC Boston Regional Global markets dive, entire Office’s Director of Oct 2005 Jun 2007 investigating team loses interest and Enforcement Jun 2002 is busy with more pressing matters SEC’s Mike Garrity Casey obtains Wickford Key marketing investigates Fund LP prospectus Sep 2001 trip to London, showing that BM is now so Apr 2001 Paris, Geneva & short of cash that he is Apr 2008 SEC Boston office’s Zurich where I offering a 3:1 leverage Ed Manion calls to ask discover that Michael swap to obtain new funds Jonathan Sokobin, SEC’s Director of Risk me to re-submit the Europeans are Nov 2005 Ocrant starts Assessment, calls me per the Madoff Case likely BM’s researching I make third SEC recommendation of a mutual friend largest investors the BM story Submission to SEC Jul 2007 for New York office’s MARHedge Oct 2001 Meaghan Cheung Chelo obtains Greenwich Apr 2008 magazine* 2003 Sentry LP Financial Statements I make second for 2004-06; Auditors are I send Mr. Sokobin my last SEC SEC submission Investigation different for each of the 3 Submission and quit the investigation consisting of continues: e-mail Nov 2005 years which is very odd original 8-page records lost May 2000 SEC Boston office’s submission plus 3 Sep 2008 Mike Garrity puts me Sep 2006 additional pages in contact with SEC and 2 page Stock Markets crumble New York office Chicago Investment and panicked investors 2004 Board Process explained rush to redeem* Options Investigation Exchange continues: e-mail Marketing VP records lost 2002 tells me that Dec 2008 Dec 2005 several OEX Investigation option I start to doubt NY BM “confesses” and turns continues: traders also SEC and contact himself in after running e-mail records believe that WSJ Washington out of cash to meet lost BM is a investor redemptions Bureau fraudster Sep 1999 Jan 2000 Jan 2001 May 2001 Jan 2002 Jan 2003 Jan 2004 May 2005 Sep 2005 Jan 2006 May 2006 May 2007 Jan 2008 May 2008 Sep 2008 2002 2003 2004 Permitted for Investigation SEC Involvement Investigation continues: Investigation public use e-mail records lost continues: e-mail continues: e-mail records lost Other records lost Warning signs.
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