In this chapter’s “AIS at Work” feature, we discuss the events and SAR surrounding the case of Bernard Madoff. A financial analyst by the name of Harry Markopolos believed it was legally and mathematically impossible for Madoff to be posting such outrageous returns on investments. Mr. Markopolos notified the Boston SEC in 2000.

a. What happened when Mr. Markopolos notified the SEC in 2000?

b. How many more times did Mr. Markopolos notify the SEC of his concerns?

c. What was the result of Mr. Markopolos’ efforts to notify the authorities about his suspicions regarding Madoff?