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RE: markopolos
11/412005
2:18:38
PM
From: Suh, Simona
To: Cheung, Meaghan S. [CheungM@SEC.GOV]
--
--
We might want to talk to Mike Ggrrity in Boston about the Opast work [Markopolos]
submitted to the SEC's Boston
office.0
From: Cheung, Meaghan S.
Sent: Friday, November 04, 2005 2.17 PM
To: Sub, Simona
Subject: RE: markopolos
I have some qualms about a self identified independent
fraud analyst, but who knows.
From: Suh, Simona
Sent: Friday, November 04, 2005 2:16 PM
To: Cheung, Meaghan S.
Subject: markopolos
Some prior statements from Harry Markopolos:
From Bloomberg, 8/16/04, article re: Bush's prospects:
"Iflraqi cities go up in flames, so do Bush's re-election hopes," said Harry Markopolos, who oversees $900 million as chief
investment
officer at Rampart
Investment Management
in Boston.
`'And if oil prices keep rising, so do Keny's chances of
wmnmg.
[1 understand Markopolos has left Rampart since then.]
From The Billings Gazette, 9/20/05
Fraud'starts at the top,' says analyst
NORWALK,
Conn. - Ifyou're considering
blowing
the whistle on your company's
illicit activities,
it may be best to have
someone like Harry Markopolos on your side.
Markopolos,
a chartered
financial nalyst
and independent
fraud analyst,
has worked with a long list of people who were fed
up with their companies'
officials
betraying
investors'
trust or pilfering millions
of dollars
through
corporate
fraud.
Over 90 percent of fraud by dollar volume
involves collusion
by senior management,
and 70 percent
involves
the chief
executive officer, Markopolos told about 20 members of the Connecticut chapter of the Society of Competitive
Intelligence
Professionals yesterday at the Fat Cat Restaurant in Norwalk.
"Fraud starts at the C-level.
It starts at the top," said Markopolos,
a former Army intelligence
officer based in the Boston
area. "I can teach you how to spot fraud and what o do about
it, so you aren't
in the hot seat." Sometimes
a co