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Chapter Four: The Holy Fool
The source of the following quotes is U.S. Securities and Exchange Commission, Office of
Investigations, “Investigation of Failure of the SEC to Uncover Bernard Madoff’s Ponzi Scheme—
Public Version,” August 31, 2009, www.sec.gov/news/studies/2009/oig-509.pdf: “told us in
confidence” and “Throw in that his brother-in-law,” p. 146; “None of it seems to add up,” p. 149; “I
came to the conclusion…any evidence we could find,” p. 153; “I never…truly fraudulent,” p. 158;
“Sollazzo did not find…‘ridiculous,’” p. 211; “It would have been so easy…that was the case,” p.
427; “This is not rocket science…$10 billion of options,” p. 155.
“I gift-wrapped…their priorities”: “Opening Statement of Harry Markopolos,” Public Resource
Org, YouTube, video provided courtesy of C-SPAN, February 4, 2009,
https://www.youtube.com/watch?v=AF-gzN3ppbE&feature=youtu.be, accessed March 8, 2019.
Markopolos biographical info: Harry Markopolos, No One Would Listen: A True Financial Thriller
(Hoboken, N.J.: John Wiley & Sons, 2010), p. 11; account of trying to approach Spitzer with brown
envelope, pp. 109–111.
“a great deal for us…doing business” and “Being deceived…a trade-off” are both from Chapter
11 of Timothy R. Levine, Duped: Truth-Default Theory and the Social Science of Lying and
Deception (University of Alabama Press, 2019).
“‘Most of the officers…qualified staff’” and “‘The division…shrank dramatically’”: The
account and quotes in the footnote about Angleton’s search for a mole in the CIA are from Tom
Mangold, Cold Warrior: James Jesus Angleton—The CIA’s Master Spy Hunter (New York: Simon
& Schuster, 1991), pp. 263–264.