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Madoff Whistleblower Harry Markopolos Tells Congress FDA Is Captured!

February 15th, 2009 | Posted by CTL
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Harry Markopolos, at the Bernie Madoff Ponzi Scheme Congressional Investigation.

Congressman Alan Grayson: Are you familiar with the concept of capture when you are talking about regulation? What is that? Do you know that concept?

Harry Markopolos: Yes. It’s basically when the regulator is in bed with the industry they purport to regulate and do not regulate the industry. In fact, they consider the industry the client, not the public citizens.

Congressman Alan Grayson: And have you seen that in action.

Harry Markopolos: Yes. At the Food and Drug Administration and at the SEC.

Excerpt starts at 14:14  http://www.cnbc.com/id/15840232?video=1021435842

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3 Responses to “Madoff Whistleblower Harry Markopolos Tells Congress FDA Is Captured!”

  1. 1.
    OPTIONAL
    Says:

    The bible tells the rich to sell what they have and give it to the poor .It is easier for a camel to go through the eye of a needle than it is for a rich man to enter into HEAVEN .

    ALSO THE LOVE OF MONEY IS THE ROOT OF ALL EVIL . HE HAD HIS AND TOOK FROM AS MANY AS HE COULD .

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  2. 2.
    BASSEY Johnson
    Says:

    I worked for a government Agency in MD as a civil Servant. The Agency of the government and it two military subcontractors became involved in wrong doing against the Government related to false claims and exposure of employees to cancer causing agent the I reasonably believed to be a substantial danger to public health or safety. Consequent to this, I was harassed, accused of being too old to work in the Agency, told to go back to Africa else my wife would be sexually attacked in my home while I was away for work. My career was threatened by the deputy chief of the Agency unless I stopped from further disclosure of wrong doings within the manufacturing side of the Agency I was employed. When complained to others about it I was asked to accept a low level job on the work floor and given a poor employment review. I was denied a mid term job performance evaluation and withdrawn from participating in a government leadership training program while others were not similarly treated. When I stepped up on reporting the wrong doings as the manager of my production line in the Agency, I was place on a paid leave for five days. Within that 5 days, I reported the incident to the Inspector General’s Office on 12/5/08 for possible investigation. I was then fired as a reprisal for reporting on the wrong doings against the government. I need to be contacted since I will soon be deposed by the Agency since the case is now before OSHA, eeoc and OSC.

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  3. 3.

    I worked for a government Agency in MD as a civil Servant. The Agency of the government and it two military subcontractors became involved in wrong doing against the Government related to false claims and exposure of employees to cancer causing agent the I reasonably believed to be a substantial danger to public health or safety. Consequent to this, I was harassed, accused of being too old to work in the Agency, told to go back to Africa else my wife would be sexually attacked in my home while I was away for work. My career was threatened by the deputy chief of the Agency unless I stopped from further disclosure of wrong doings within the manufacturing side of the Agency I was employed. When complained to others about it I was asked to accept a low level job on the work floor and given a poor employment review. I was denied a mid term job performance evaluation and withdrawn from participating in a government leadership training program while others were not similarly treated. When I stepped up on reporting the wrong doings as the manager of my production line in the Agency, I was place on a paid leave for five days. Within that 5 days, I reported the incident to the Inspector General’s Office on 12/5/08 for possible investigation. I was then fired as a reprisal for reporting on the wrong doings against the government.

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WHATS GOING ON

This Is An Emergency!

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The FDA has gotten caught up with Wall Street. While it is supposed to be busy with evaluating food and drugs, its employees just can't keep their eyes off the money. So that is how decisions are being made these days.
WE'LL BE BACK

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