Download or read book The Wizard of Lies written by Diana B. Henriques and published by Macmillan. This book was released on 2011-04-26 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: The inside story of Bernie Madoff and his $65 billion Ponzi scheme, with surprising and shocking new details from Madoff himself. Who is Bernie Madoff, and how did he pull off the biggest Ponzi scheme in history? These questions have fascinated people ever since the news broke about the respected New York financier who swindled his friends, relatives, and other investors out of $65 billion through a fraud that lasted for decades. Many have speculated about what might have happened or what must have happened, but no reporter has been able to get the full story -- until now. In The Wizard of Lies, Diana B. Henriques of The New York Times -- who has led the paper's coverage of the Madoff scandal since the day the story broke -- has written the definitive book on the man and his scheme, drawing on unprecedented access and more than one hundred interviews with people at all levels and on all sides of the crime, including Madoff's first interviews for publication since his arrest. Henriques also provides vivid details from the various lawsuits, government investigations, and court filings that will explode the myths that have come to surround the story. A true-life financial thriller, The Wizard of Lies contrasts Madoff's remarkable rise on Wall Street, where he became one of the country's most trusted and respected traders, with dramatic scenes from his accelerating slide toward self-destruction. It is also the most complete account of the heartbreaking personal disasters and landmark legal battles triggered by Madoff's downfall -- the suicides, business failures, fractured families, shuttered charities -- and the clear lessons this timeless scandal offers to Washington, Wall Street, and Main Street.

Download or read book Betrayal written by Andrew Kirtzman and published by Harper Collins. This book was released on 2010-08-10 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the story of the greatest con in financial history—one that has commanded the attention of the entire world from the day the news broke on December 11, 2008. Bernard Madoff's financial scheming roped in thousands of victims, ranging from boldfaced names—Steven Spielberg, Mortimer Zuckerman, Kevin Bacon, Elie Wiesel—to ordinary people who saw their nest eggs disappear in a smoke-and-mirrors debacle. The Enron machinations pale beside the havoc that Madoff created in people's lives. Who is this Bernie Madoff? A shady con man? A sociopath? An evil genius? Who was in on it with him? And where is the money? The established expert on the Bernie Madoff case, journalist Andrew Kirtzman offers a riveting analysis of the man and his deeds that is filled with solid research and suspenseful storytelling.

Download or read book Too Good to Be True written by Erin Arvedlund and published by Penguin. This book was released on 2010-07-06 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: The untold story of the Madoff scandal, by one of the first journalists to question his investment practices Despite all the headlines about Bernard Madoff, he is still shrouded in mystery. How did he fool so many smart investors for so long? Who among his family and employees knew the truth? The person best qualified to answer these questions is Erin Arvedlund. In early 2001, she was suspicious of the amazing returns of Madoff's hedge fund. Her subsequent article in Barron's could have prevented a lot of misery, had the SEC followed up. Arvedlund presents a sweeping narrative of Madoff's career-from his youth in Queens, New York, to his early days working for his father­in- law, and finally to infamy as the world's most notorious swindler. Readers will be fascinated by Arvedlund's portrayal of Madoff, his empire, and all those who never considered that he might be too good to be true.

Download or read book The Madoff Chronicles written by Brian Ross and published by Disney Electronic Content. This book was released on 2016-01-05 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: After the news broke of Bernie Madoff's arrest on December 11, 2008, the facts were hard to grasp. Madoff claimed to have stolen fifty billion dollars; the sum seemed impossibly large. But of course it wasn't impossible. And that was only the beginning of the story. As chief investigative correspondent for ABC News, Brian Ross has been on the front lines of the Madoff scandal since the beginning. Throughout the course of his investigation, he and his team have achieved unequaled access to the investigators working to unravel Madoff's fraud, and have succeeded in cultivating sources deep within the walls of Bernard L. Madoff Investment Securities that no other journalist has reached.The result is an unparalleled, fly-on-the-wall view of a life of corrupted luxury and outrageous lies.

Download or read book History of Greed written by David E. Y. Sarna and published by John Wiley & Sons. This book was released on 2010-09-07 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: The “greater fool” theory of economics states that it’s possible to make money by buying paper (securities), whether overvalued or not, and later, selling it at a profit because there will always be an even greater fool willing to pay the higher price. Many described in this book profited by peddling such worthless junk to foolish investors. But for some people—Bernie Madoff, Norman Hsu, Sholam Weiss, and “Crazie Eddie” Antar, aka the “Darth Vader of Capitalism”—overvalued securities were not enough. Outright fraud was their way of life. History of Greed is the compelling inside story of the names you know—Charles Ponzi, Baron Rothschild, Lou Pearlman—and the names you don’t—Isaac Le Maire, the world’s first “naked” short-seller. It’s also our story—why we ignore the lessons of the past and fall prey, most every time, to the promise of easy money. For thousands of years, alchemists unsuccessfully tried to turn worthless base metals into gold. Where science failed at turning nothing into something, business succeeded. Sometimes we praise the creators of derivatives, collateral debt obligations, subprime mortgages, credit default swaps, or auction rate securities as Wall Street’s new financial wizards, the creators of “magic paper.” Other times, we vilify and prosecute them as scam artists. Sometimes, it’s hard to tell who is who. History of Greed reveals the inside secrets of how the markets really work, and how scam artists abuse them to gain an unfair edge or to outright steal. It describes how luftgescheft (“air business”), wizardry, dishonesty, and fraud are used to swindle people. Along with a comprehensive bibliography, History of Greed also details: 400 years of financial fraud—from everyday fraud to the odd and unusual Accounting fraud (phantom sales), stock option fraud (backdating), auction rate securities, hedge fund fraud, Ponzi schemes, promotion fraud (pump-and-dump scams), and money laundering How to detect fraudulent schemes How government regulation only fixes yesterday’s problems If it’s too good to be true, it probably is. If they say you can’t lose, you probably will. History of Greed shows that there really is no such thing as a free lunch, while also detailing how not to become the “greater fool.”

Download or read book Truth and Consequences written by Laurie Sandell and published by Little, Brown. This book was released on 2011-10-31 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: In December 2008, the world watched as master financier Bernard L. Madoff was taken away from his posh Manhattan apartment in handcuffs, accused of swindling thousands of innocent victims-including friends and family-out of billions of dollars in the world's largest Ponzi scheme. Madoff went to jail; he will spend the rest of his life there. But what happened to his devoted wife and sons? The people closest to him, the public reasoned, must have known the truth behind his astounding success. Had they been tricked, too? With unprecedented access to the surviving family members -- wife Ruth, son Andrew and his fiancéee Catherine Hooper -- journalist Laurie Sandell reveals the personal details behind the headlines. How did Andrew and Mark, the sons who'd spent their lives believing in and building their own families around their father's business first learn of the massive deception? How does a wife, who adored her husband since they were teenagers, begin to understand the ramifications of his actions? The Madoffs were a tight-knit and even claustrophobic clan, sticking together through marriages, divorces, and illnesses. But the pressures of enduring the massive scandal push them to their breaking points, most of all son Mark, whose suicide is one of the many tragedies that grew in the wake of the scandal. Muzzled by lawyers, vilified by the media and roundly condemned by the public, the Madoffs have chosen to keep their silence -- until now. Ultimately, theirs is one of the most riveting stories of our time: a modern-day Greek tragedy about money, power, lies, family, truth and consequences.

Download or read book No One Would Listen written by Harry Markopolos and published by John Wiley & Sons. This book was released on 2011-02-08 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: Harry Markopolos and his team of financial sleuths discuss first-hand how they cracked the Madoff Ponzi scheme No One Would Listen is the thrilling story of how the Harry Markopolos, a little-known number cruncher from a Boston equity derivatives firm, and his investigative team uncovered Bernie Madoff's scam years before it made headlines, and how they desperately tried to warn the government, the industry, and the financial press. Page by page, Markopolos details his pursuit of the greatest financial criminal in history, and reveals the massive fraud, governmental incompetence, and criminal collusion that has changed thousands of lives forever-as well as the world's financial system. The only book to tell the story of Madoff's scam and the SEC's failings by those who saw both first hand Describes how Madoff was enabled by investors and fiduciaries alike Discusses how the SEC missed the red flags raised by Markopolos Despite repeated written and verbal warnings to the SEC by Harry Markopolos, Bernie Madoff was allowed to continue his operations. No One Would Listen paints a vivid portrait of Markopolos and his determined team of financial sleuths, and what impact Madoff's scam will have on financial markets and regulation for decades to come.

Download or read book Bernie Madoff the Wizard of Lies written by Diana B. Henriques and published by Oneworld Publications. This book was released on 2011-08-18 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on award-winning reporter Diana Henriques' unprecedented access to Madoff, including extensive correspondence and his first interviews for publication since his arrest, "Bernie Madoff, The Wizard of Lies" is the ultimate true-life financial thriller.

Download or read book Madoff Talks Uncovering the Untold Story Behind the Most Notorious Ponzi Scheme in History written by Jim Campbell and published by McGraw Hill Professional. This book was released on 2021-04-27 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: “The authoritative source on one of history's most notorious Ponzi schemes.”—Fortune The definitive, in-depth account of the spectacular rise and fall of Bernie Madoff—and the greatest Ponzi scheme of all time―featuring new, exclusive, never-before-published details from Madoff himself No name is more synonymous with the evils of Wall Street than Bernie Madoff. Arrested for fraud in 2008—during the depths of the global financial crisis—the 70-year-old market maker, investment advisor, and former chairman of the NASDAQ had orchestrated the largest Ponzi scheme in world history, fleecing thousands of investors across the globe to the tune of $65 billion. To this day, questions remain: Why did he do it? How did he get away with it for so long? What did his family know? Who is the elusive Bernie Madoff? In Madoff Talks, author Jim Campbell presents the most comprehensive, insider account of the Madoff saga to date. Based on exclusive interviews with all the players—the Madoff family and their associates, the Wall Street wheelers and dealers, the army of lawyers, analysts, and investigators, the victims of the scheme, and Bernie Madoff himself—the book reveals: what motivated a respected financier to commit such a massive fraud—and why he thought he could get away with it how Madoff managed to keep the scheme hidden in plain sight—despite numerous SEC investigations the shocking failures of Wall Street oversight—and how it could happen again the true scale of the investment losses―and the victims’ ongoing fight for justice what Ruth Madoff and the rest of the family knew—and how it shattered their lives Madoff Talks features the first, and likely only, interviews with Ruth Madoff and defense attorney Ira Sorkin, for which Bernie waived attorney-client privilege, as well as never-before-published details from the author’s personal communications with Bernie Madoff in prison. A vivid, powerful piece of investigative reporting, the book takes us behind the headlines to show the full human cost of Madoff’s crimes, and offers a cogent analysis of the reforms necessary to prevent it from happening again. Meticulously researched and relentlessly riveting, Madoff Talks is the full story of an American tragedy.

Download or read book Bernard Madoff and His Accomplices written by Lionel S. Lewis and published by Bloomsbury Publishing USA. This book was released on 2016-03-21 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first detailed study of how Bernard L. Madoff and his accomplices perpetrated a Ponzi scheme of epic proportions—what has been referred to as the "con of the century." In December 2008, Bernard L. Madoff was arrested for perpetrating a protracted Ponzi scheme of inconceivably huge proportions that defrauded clients of his securities company of nearly $20 billion—and was consequently sentenced to 150 years in jail. How did Madoff pull this off for years, even returning some or all of clients' money when they asked, while in actuality was financing the lavish lifestyles of himself, his family, and his accomplices with the stolen funds? And why didn't anyone in the highly regulated investment industry catch on sooner? Bernard Madoff and His Accomplices: Anatomy of a Con examines Bernard L. Madoff's unprecedented confidence game (con game), drawing back the curtain on what actually went on at his investment firm, Bernard L. Madoff Investment Securities, and exposing the day-to-day activities of his accomplices that enabled the elaborate con to succeed for as long as it did. Through the examination of court testimony and other court documents, the mechanics of the con game become clear, elucidating how Madoff's friends and employees hustled money from investors; the methods by which false records, monthly statements to investors, and other documents were manufactured and mass-produced; and how a multitude of felonies and the highest levels of fraud became everyday practices.

Download or read book Catastrophe written by Deborah Strober and published by Phoenix Books. This book was released on 2009-03-15 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Catastrophe: The Story of Bernard L. Madoff, The Man Who Swindled the World by Deborah and Gerald Strober was the first biography of the notorious financier to hit stores. Ripped from the headlines, Catastrophe presents Bernie Madoff’s real story, including his confession, unlikely rise, and incredible crash, as well as the stories of the countless organizations and individuals he bilked out of more than $50 billion.

Download or read book The End of Normal written by Stephanie Madoff Mack and published by Penguin. This book was released on 2011-10-20 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: A New York Times bestseller, The End of Normal is the explosive and heartbreaking memoir from the widow of Mark Madoff and the daughter-in-law of Bernard Madoff. When the news of Bernard Madoff’s Ponzi scheme broke, no one was more shocked than the members of his own family. Before then, Madoff’s son, Mark, and daughter- in-law, Stephanie, had built an idyllic life. Yet, while Mark’s thriving business was entirely separate from his father’s now notorious fund, he and Stephanie found themselves in the eye of the storm—and grappling with their own sense of betrayal. Mark refused to see or speak to his parents, and on the second anniversary of his father’s arrest, he hanged himself. Left to raise her children as a single mother, Stephanie tells the real story of her marriage to Mark, of being a part of the Madoff family, and of life for two years following her father-in-law’s arrest and incarceration. The End of Normal is a searing inside look at one of the most controversial stories of our time, and an extraordinary memoir of surviving personal tragedy amid public scandal.

Download or read book Madoff s Other Secret written by Sheryl Weinstein and published by Macmillan + ORM. This book was released on 2009-08-25 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nobody knew Bernie like I did, and nobody knows about me... Sheryl Weinstein met Bernie Madoff when she was just shy of forty, and went on to have a twenty-year secret, intimate relationship with the man now known as an evil mastermind, a villain of the greatest proportions. It was 1988 and Sheryl was facing a huge dilemma. Bernie Madoff was paying her a great deal of attention. She was in the midst of a rocky marriage and feeling vulnerable, when the powerful Wall Street mogul began making overtures. As a successful CPA and head of a major charitable organization, she had a lot to lose. She directed him to take things slowly. Over the next five years, there were business meetings over lunch, followed by intimate dinners in hotel rooms and finally, private moments that for a time seemed intensely satisfying to them both. "I'm not to be trusted," he once told her casually. She ignored it, having no idea how prophetic those words would be. After all, her relationship with Bernie was passionate and profound. She felt desirable. She was the one nobody knew about, with the window into the real man. So careful about investing her money, when the SEC cleared him in 1992 she decided to get in all the way--with her heart, her soul--and her financial future. Sheryl was in the wrong place at the wrong time. She couldn't possibly have imagined the devastation that would befall her. Learning the truth was shattering on so many levels. Many books are being written about the scale of Madoff's fraud, but until now, nothing has shown the man through private eyes. Sheryl Weinstein's riveting story reveals a Madoff who will shock and surprise you. From the boardroom to the bedroom, in each other, the two found something that had been lacking in their own lives. It's a story with tragic overtones--a drama that only now could find a devastating conclusion.

Download or read book Investigation of Failure of the SEC to Uncover Bernard Madoff s Ponzi Scheme written by H. David Kotz and published by DIANE Publishing. This book was released on 2010-03 with total page 477 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contents: (1) Results of the Invest.; (2) SEC Review of 2000 and 2001 Markopolos Complaints: (3) SEC 2004 OCIE Cause Exam. of Madoff; (4) SEC 2005 NERO Exam. of Madoff; (5) SEC 2006 Invest. of Markopolos Complaint; (6) Effect of Madoff¿s Stature and Reputation on SEC Exam.; (7) Allegations of Conflict of Interest from the Relationship between Eric Swanson and Shana Madoff; (8) Private Entities¿ Due Diligence Efforts Revealed Suspicious Activity about Madoff¿s Operations; (9) Potential Investors Relied upon the Fact That the SEC had Examined and Investigated Madoff in Making Decisions to Invest with Him; (10) Additional Complaints Received by the SEC re: Madoff; (11) Additional Exam. and Inspect. of Madoff¿s Firms by the SEC.

Download or read book Bernie Madoff written by Don Nardo and published by Greenhaven Publishing LLC. This book was released on 2011-02-10 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bernie Madoff is best known for his Ponzi scheme, which fleeced investors across the country of billions of dollars. In 2009, he pleaded guilty to eleven felony counts and was sentenced to 150 years in federal prison. As reported by CBS news, Madoff stole around eighteen billion dollars from investors.? ?This volume delves into the murky life of Bernie Madoff. Chapters discuss his happy life in Rockaway Beach,?? his burgeoning career as an investor and advisor, and his audacious scheme to defraud millions of investors.

Download or read book Con Game written by Lionel S. Lewis and published by Routledge. This book was released on 2017-07-28 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bernard Madoff's financial fraud was global, an enormous amount of money was involved, and thousands of people and hundreds of institutions were swindled. Madoff's con game was a Ponzi scheme—an investment that pays returns to early investors from money acquired from subsequent investors.This case study of the Madoff scheme looks at the effects of his crimes on the victims. Elements from a theoretical framework put forward by Erving Goffman provide a perspective for understanding the development and the aftermath of Madoff's con. For example, as Goffman would have put it, Madoff's marks were not cooled out. Many did not accept the fact that they were victims of a con game and publicly clamored for sympathy, restitution, and for public officials to share their perspective.Inside men, ropers, outside men, and victims are at the core of con games. Lionel S. Lewis emphasizes that it is important to understand a con game's characteristics so as to grasp how it operates. The Madoff fraud includes elements of a variety of con games. For a comprehensive study of this economic crime, the case study must be seen as part of the broader social system. Considerably more is known about the dynamics of con games than about Ponzi schemes, and this fact frames this book's approach. To better understand what Madoff did, who was central in keeping his scheme alive, whom he defrauded, and how they reacted, this work is as invaluable as it is illuminating.

Download or read book The Real Bernie Madoff written by Ralph Griffith and published by XAK Media Inc.. This book was released on 2021-11-30 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Real Bernie Madoff Ralph Griffith wrote a book that no one else could have! Sara Stratso November 9, 2020 There has been no shortage of books written about Bernie Madoff, but Ralph Griffith’s book stands out above all the rest because the author and Madoff were incarcerated together for seven years. Bernard Lawrence Madoff, a prominent Wall Street figure, was serving time in North Carolina’s Federal Medical Center in FCI Butner. Madoff, the former chairman of NASDAQ (National Association of Securities Automated Quotations Dealers) had been sentenced for 150 years for an elaborate multi-billion dollars Ponzi scheme targeting investors. Griffith had been doing time because of bank robbery and parole violations. Both had heart conditions and thus were sequestered together in the federal medical facility. Griffith was working in the prison library as the law clerk. Griffith humorously describes their friendship with; “We spent 7 years living in a 60-man unit. It did not have the square footage of a decent-sized home. As such, we had a lot of idle time on our hands. It does not take a lot of imagination to understand the opportunity that presented itself to me.” After Griffith writes, “Picture Bernie Madoff sitting in your living room for seven years,” he continues to pen an extremely comprehensive expose of the nefarious dealings of Wall Street. These dealings, according to Madoff, are aided and supported by the federal and state governments in the U.S. and Europe, along with various regulatory agencies. Griffith is fearless in his critique of corporations, politicians, and judges. He is fond of quoting one of Bernie’s favorite sayings, “It’s all a bunch of sh—t! There is a disclaimer at the beginning of the book on page 2 in which Griffith proclaims, “All information about the subjects of this book are controlled by the government and financial services industry. Anyone who should write and expose these truths will never be employed in private, government, or any universities again…” This in itself is a hook to catch a reader’s interest. This statement certainly caught my attention! An especially important takeaway from this book is that Griffith points out that these villainous practices still continue today.