Harry Markopolos was the person who repeatedly warned the US Securities and Exchange Commission (SEC) that Bernard Madoff was not running a legitimate hedge fund but was instead running a fraudulent investment scheme – a Ponzi Scheme.
The Public Servants at the SEC ignored these warnings over a nine year period as Harry Markopolos was able to document in his book “No One Would Listen – A True Financial Thriller“.
Likewise Australian Public Servants have also ignored similar warnings about fraudulent conduct in relation to Government Regulated Superannuation Funds that has been fully documented by the founder of Australian Guardians.
There will soon be $1 Trillion held by Trustees of Government Regulated Superannuation Funds. Would not a “reasonable person” expect that fraudulent conduct by some of these Trustees to be a real possibility?
A book similar to Harry’s is now being written by the founder of Australian Guardians.
This book with a working title of “Super Fraud – A True Financial and Political Thriller” should encourage many people to become an Australian Guardian in order to protect their own superannuation entitlements.
This is what Harry Markopolos, the Bernie Madfoff Whistleblower, stated before the United States Congress’ House Financial Services Committee investigating the Madoff Fraud:
“Government has coddled, accepted, and ignored white-collar crime for too long,” he testified. “It is time the nation woke up and realized that it’s not the armed robbers or drug dealers who cause the most economic harm, it’s the white collar criminals living in the most expensive homes who have the most impressive resumes who harm us the most. They steal our pensions, bankrupt our companies, and destroy thousands of jobs, ruining countless lives.
Harry Markopolos has been an inspiration and has provided encouragement for this endeavour.
If you, like Harry Markopolos, have a strong sense of Public Duty then you should consider becoming an Australian Guardian.
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Australian Guardians – Protecting your wealth when no one else will®