Harry Markopolos testifies to the gross incompetence of federal regulators in regards to the Bernie Madoff scandal

Harry Markopolos is a private fraud investigator. On numerous occasions, he attempted to warn the SEC of Bernie Madoff's "Ponzi" scheme. They virtually ignored him. Yesterday, he testified before a congressional committee. Below is part of his opening statement. Make sure you're sitting down when you watch/listen to this, and you may want to remove all sharp objects from the room...

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I gift wrapped and delivered the largest Ponzi scheme in history to them and somehow they couldn't be bothered to conduct a thorough and proper investigation.

Let that one quote swirl around in your brain a little. More info on the hearings can be read here.