The Club No One Wanted To Join Madoff Victims In Their Own Words
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| Author | : Twenty-Nine Authors |
| Publisher | : |
| Total Pages | : 244 |
| Release | : 2010 |
| Genre | : True Crime |
| ISBN | : 9780982250938 |
It has been the public's perception that Madoff investors were all extremely wealthy and all belonged to exclusive clubs. This perception has been reinforced by the media and the powers that be. The truth is, with very few exceptions, such as Steven Spielberg, Jeffrey Picower and Stanley Chais-most were average, small time investors. They lived an average American life; they worked hard, contributed to society and saved for their retirement years. But in the end that was not enough. No one, it turns out, could protect them from the worst financial criminal in history, Bernard L. Madoff. As a result, they were thrown tragically into one club they never expected to join: the "club" of victims. This is their story. It is the first book of its kind about the Madoff Ponzi scheme, in which twenty nine Madoff investors band together to tell their story. The authors come from all walks of life, from different ethnic and religious backgrounds and from all parts of the country. Baring private details and exposing the truth about who the real victims are, they don't hold back as to who they think enabled the scheme to continue for so long. The readers need to know what the authorities would rather keep from them, or else they are destined to become the next victims. The book's message is: This can happen to anyone. This is a story of financial devastation, of lessons learned, of hope and rebirth. It has been over a year since the fraud came to light and the survivors are ready to share their experience and the hard learned lessons. Though the financial disaster caused major transformations in their lives, their spirit has not been broken. As one of the authors in this book summed up eloquently, "There will always be meaningful work to be done, more fun to be had and lots more people to love." And in the end, it is the message of hope the authors wish to convey.
| Author | : Brian Ross |
| Publisher | : Disney Electronic Content |
| Total Pages | : 232 |
| Release | : 2016-01-05 |
| Genre | : True Crime |
| ISBN | : 1484781406 |
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.
| Author | : Erin Arvedlund |
| Publisher | : Penguin |
| Total Pages | : 346 |
| Release | : 2009-08-11 |
| Genre | : Business & Economics |
| ISBN | : 1101137789 |
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.
| Author | : Brian Portnoy |
| Publisher | : Macmillan |
| Total Pages | : 258 |
| Release | : 2014-01-07 |
| Genre | : Business & Economics |
| ISBN | : 113727848X |
"Hedge fund expert Brian Portnoy explains how to sift through today's diverse investment choices and solve even the most daunting portfolio problems. Drawing on cutting-edge research in behavioral economics, social psychology, and choice theory, Portnoy lays bare the biases that interfere with good decision-making, and gives readers a set of basic tools they can use to tell the good from the bad"--
| Author | : Lionel S. Lewis |
| Publisher | : Routledge |
| Total Pages | : 281 |
| Release | : 2017-07-28 |
| Genre | : Business & Economics |
| ISBN | : 1351527045 |
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.
| Author | : Eugene Soltes |
| Publisher | : PublicAffairs |
| Total Pages | : 460 |
| Release | : 2016-10-11 |
| Genre | : Business & Economics |
| ISBN | : 1610395379 |
What drives wealthy and powerful people to white-collar crime? Why They Do It is a breakthrough look at the dark side of the business world. From the financial fraudsters of Enron, to the embezzlers at Tyco, to the insider traders at McKinsey, to the Ponzi schemer Bernie Madoff, the failings of corporate titans are regular fixtures in the news. In Why They Do It, Harvard Business School professor Eugene Soltes draws from extensive personal interaction and correspondence with nearly fifty former executives as well as the latest research in psychology, criminology, and economics to investigate how once-celebrated executives become white-collar criminals. White-collar criminals are not merely driven by excessive greed or hubris, nor do they usually carefully calculate costs and benefits before breaking the law. Instead, Soltes shows that most of the executives who committed crimes made decisions the way we all do-on the basis of their intuitions and gut feelings. The trouble is that these gut feelings are often poorly suited for the modern business world where leaders are increasingly distanced from the consequences of their decisions and the individuals they impact. The extraordinary costs of corporate misconduct are clear to its victims. Yet, never before have we been able to peer so deeply into the minds of the many prominent perpetrators of white-collar crime. With the increasing globalization of business threatening us with even more devastating corporate misconduct, the lessons Soltes draws in Why They Do It are needed more urgently than ever.
| Author | : Scott B. MacDonald |
| Publisher | : Routledge |
| Total Pages | : 363 |
| Release | : 2017-09-29 |
| Genre | : Business & Economics |
| ISBN | : 1351306790 |
What do Michael Milken and Martha Stewart have in common? What was the most outrageous party thrown by a financial baron of the twentieth century? Which US war hero president became party to, and victim of, an unabashed con man known as the Napoleon of Wall Street? These questions and more are discussed in Separating Fools from Their Money. The authors trace the history of financial scandals beginning with young republic days through the Enron/WorldCom debacle of modern times. Informative and entertaining, this book reveals human nature in all of its dubious shades of grey. It also exposes themes common to all financial scandals, which remain astonishingly unchanged over time greed, hubris, media connections, self-interested politicians, and booms-gone-bust, to name a few. This second edition features a new preface and introduction, plus three new chapters, which address the financial panic of 2008, post-panic scandals, and the "princes of Ponzi." This book's accessible writing will interest the casual business reader as well as the seasoned investor.
| Author | : Jim Campbell |
| Publisher | : McGraw Hill Professional |
| Total Pages | : 352 |
| Release | : 2021-04-27 |
| Genre | : Business & Economics |
| ISBN | : 1260456188 |
“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.
| Author | : Joseph Calandro Jr |
| Publisher | : Routledge |
| Total Pages | : 87 |
| Release | : 2022-05-15 |
| Genre | : Business & Economics |
| ISBN | : 1000469700 |
This book is no ordinary personal finance book. It presents, in a highly accessible way, how to effectively understand and manage personal finances, avoiding debt and building for the future, and using straightforward tools and techniques developed in conjunction with business economics. Fun to read, the book leverages core corporate finance principles in a way that helps people become more financially literate in their personal lives. The premise of this book–that personal and corporate finance can and should be learned together to improve financial wellness and know-how–is considered a breakthrough. Using approaches that have been tried, tested, and proven to work with individuals and employees, the authors apply common business activities like "due diligence," and tools, such as "financial statement analysis," to personal finance. This connection has not been presented before, either theoretically or practically. And yet it has the power to both transform how individuals successfully manage their own finances, and, at the same time, informs and educates them in the important aspects of the financial direction of the organizations in which they work. This is a must-have book for those who are looking for a credible reference tool for how to effectively manage their own finances and for organizations seeking to assist their employees in good financial management, at every level, both in work and at home.
| Author | : Diana B. Henriques |
| Publisher | : Macmillan |
| Total Pages | : 450 |
| Release | : 2011-04-26 |
| Genre | : True Crime |
| ISBN | : 1429973714 |
"An impressive, meticulously reported postmortem. . . . The Wizard of Lies is the definitive book on what Madoff did and how he did it." —Bloomberg Businessweek Who was Bernie Madoff, and how did he pull off the biggest Ponzi scheme in history? This question has long fascinated people, about the New York financier who swindled his friends, relatives, and other investors out of $65 billion. And in The Wizard of Lies, Diana B. Henriques of the New York Times has written the definitive and bestselling account of the man and his scheme, drawing on unprecedented access and more than one hundred interviews, including Madoff’s first interviews for publication following his arrest. Henriques provides vivid details from the lawsuits and government investigations that explode the myths that have come to surround the story, and in a revised and expanded epilogue, she unravels the latest legal developments. A true-life financial thriller—and now a major HBO film starring Robert De Niro and Michelle Pfeiffer—The Wizard of Lies contrasts Madoff’s remarkable rise on Wall Street 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.
