This article seems a little misplaced. They talk as if it was the technology alone that allowed Madoff to scam, but the human factors were at least as important

This article seems a little misplaced. They talk as if it was the technology alone that allowed Madoff to scam, but the human factors were at least as important. http://finances.unanimocracy.com/money/2009/01/07/harry-markopolous-markopolos-letter-to-the-sec-2005-against-madoff/ http://finances.unanimocracy.com/money/2009/01/07/harry-mark... Markopolous, a guy who didn't work at Madoff's company sent letters to the SEC several times, was convinced Madoff's returns were a scam. Several other financial firms on Wall Street didn't deal with Madoff either. They didn't know what he was doing, but they were convinced it wasn't legal. Markopolous's letter is so detailed about the different ways Madoff was lying is proof that either 1) the SEC is incompetent or 2) the SEC was bribed to not investigate him too hard.