The Madoff Chronicles

The Madoff Chronicles PDF Author: Brian Ross
Publisher: Disney Electronic Content
ISBN: 1484781406
Category : True Crime
Languages : en
Pages : 232

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Book Description
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.

The Madoff Chronicles

The Madoff Chronicles PDF Author: Brian Ross
Publisher: Disney Electronic Content
ISBN: 1484781406
Category : True Crime
Languages : en
Pages : 232

Get Book Here

Book Description
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.

Too Good to Be True

Too Good to Be True PDF Author: Erin Arvedlund
Publisher: Penguin
ISBN: 1101137789
Category : Business & Economics
Languages : en
Pages : 346

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Book Description
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.

Madoff Talks: Uncovering the Untold Story Behind the Most Notorious Ponzi Scheme in History

Madoff Talks: Uncovering the Untold Story Behind the Most Notorious Ponzi Scheme in History PDF Author: Jim Campbell
Publisher: McGraw Hill Professional
ISBN: 1260456188
Category : Business & Economics
Languages : en
Pages : 352

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Book Description
“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.

History of Greed

History of Greed PDF Author: David E. Y. Sarna
Publisher: John Wiley & Sons
ISBN: 0470877707
Category : Business & Economics
Languages : en
Pages : 418

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Book Description
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.”

The Club No One Wanted to Join

The Club No One Wanted to Join PDF Author: Twenty-Nine Authors
Publisher:
ISBN: 9780982250938
Category : True Crime
Languages : en
Pages : 244

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Book Description
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.

The Bag Lady Papers

The Bag Lady Papers PDF Author: Alexandra Penney
Publisher: Hachette Books
ISBN: 140139499X
Category : Self-Help
Languages : en
Pages : 186

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Book Description
In December 2008, my worst nightmare came true . . . How do you pick yourself up after the one thing you most feared happens to you? Alexandra Penney's revealing, spirited, and ultimately redemptive true story shows us how. Throughout her life, Alexandra Penney's worst fear was of becoming a bag lady. Even as she worked several jobs while raising a son as a single mother, wrote a bestselling advice book, and became editor in chief of Self magazine, she was haunted by the image of herself alone, bankrupt, and living on the street. She even went to therapy in an attempt to alleviate the worry that all she had worked for could crumble. And then, one day, that's exactly what happened. Penney had taken a friend's advice and invested nearly everything she had ever earned--all of her savings--with Bernie Madoff. One day she was successful and wealthy; the next she had almost nothing. Suddenly, at an age when many Americans retire, Penney saw her worst nightmares coming true. Based on her popular blog posts on The Daily Beast, this memoir chronicles Penney's struggle to cope with the devastating financial and emotional fallout of being cheated out of her life savings and illuminates her journey back to sanity, solvency, and security. "I will work harder than I ever have before--which was pretty hard indeed--and see what happens. I have the feeling something good will come of it: tough, challenging work and laserlike focus have always paid off for me. . . . Was it better to have it and then lose it? Yes, yes, yes! Even though I lived with horrible bag lady fears of losing it all, now that those financial fears have materialized, I'm in pretty good shape and looking to what's next. Experiences -- good and bad, exciting and boring, tragic and absurd -- make up a life. Not to have lived to the fullest is the saddest, most irresponsible life I can think of." --- from The Bag Lady Papers

The End of Normal

The End of Normal PDF Author: Stephanie Madoff Mack
Publisher: Penguin
ISBN: 1101559225
Category : Biography & Autobiography
Languages : en
Pages : 307

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Book Description
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.

Betrayal

Betrayal PDF Author: Andrew Kirtzman
Publisher: Harper Collins
ISBN: 0061870773
Category : Business & Economics
Languages : en
Pages : 340

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Book Description
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.

Bernie Madoff, the Wizard of Lies

Bernie Madoff, the Wizard of Lies PDF Author: Diana B. Henriques
Publisher: Oneworld Publications
ISBN: 9781851689033
Category : True Crime
Languages : en
Pages : 0

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Book Description
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.

Immortality and the Law

Immortality and the Law PDF Author: Ray D. Madoff
Publisher: Yale University Press
ISBN: 0300163274
Category : Law
Languages : en
Pages : 208

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Book Description
This book takes a riveting look at how the law responds to that distinctly American dream of immortality. While American law provides virtually no protections for the interests we hold most dear—our bodies and our reputations—when it comes to property interests, the American dead have greater control than anywhere else in the world. Moreover, these rights are growing daily. From grave robbery to Elvis impersonators, Madoff shows how the law of the dead has a direct impact on how we live. Madoff examines how the rising power of the American dead enables the deceased to exert control over their wealth forever through grandiose schemes like "dynasty trusts" and perpetual private charitable foundations and to control their creative works and identities well into the unforeseeable future. Madoff explores how the law of the dead can, in essence, extend the reach of life by granting virtual immortality to individuals. All of this comes, Madoff contends, at real costs imposed on the living.