In the NYTimes: Recently, the FBI announced that the number of open mortgage-fraud investigations was more than 1,600 at the end of fiscal 2008, which ended Sept. 30, compared with 881 two years earlier. In addition, 530 corporate-fraud investigations were open, it said.
A hero of the breed recently emerged in the form of Harry Markopolos, who repeatedly warned the Securities and Exchange Commission that Bernard L. Madoff was running a giant Ponzi scheme at the expense of investors. Mr. Markopolos, who was working for an investment company when he started looking into Mr. Madoff’s activities, left in 2004 to start his own investigation firm. Although the S.E.C. did not act on Mr. Markopolos’s warnings, he has helped ease the way for investigators in his wake who may suspect various “mini-Madoff” scandals and other types of fraud.
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