BUSINESS

Markopolos: Credit Default Swaps Bigger Scam Than Madoff

09/12/2009 05:12 am ET | Updated May 25, 2011

HARRY Markopolos -- the whistleblower on Bernie Madoff who proved to be much smarter than the SEC -- says there are evildoers out there who will make the Ponzi scum "look like small-time." Markopolos gave a speech to 400 of the faithful at the Greek Orthodox Church in Southampton and predicted major scandals will soon be revealed about the unregulated, $600 trillion, credit-default swap market.

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