BoNY Mellon Better watch out. The Prince of Whistleblowers Has Them In His Sights

Harry Markopolos is now an independent investigator.

The Financial Times reports that the whistleblower who tried unsuccessfully to expose Bernard Madoff’s Ponzi scheme claims large financial institutions are “above the law” as he seeks to expose allegedly deceptive foreign currency exchange practices at State Street and Bank of New York Mellon.

Harry Markopolos, now an independent fraud investigator, has helped build cases against the banks, which have resulted in probes in Ohio, California, Florida and Virginia. The investigations and lawsuits claim that the banks priced foreign exchange trades to the detriment of clients…

Find out more at http://www.ft.com/intl/cms/s/0/5a05a27e-d324-11e0-9ba8-00144feab49a.html#axzz1WcQoyppY