Former funds manager Harry Markopolos told a House Financial Services subcommittee on Feb. 4 that Madoff had cheated some extremely dangerous figures out of millions of dollars.
“Mr. Madoff was running such a large scheme of unimaginable size and complexity, and he had a lot of dirty money,” Markopolos testified. “Let me describe dirty money to you. When you’re that big and you’re that secretive, you’re going to attract a lot of organized crime money, which we now know came from the Russian mob and the Latin American drug cartel. When you’re zeroing out mobsters, you have a lot of fear. He could not afford to get caught, because once he got caught. . . .”
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