Too good to be true: the rise and fall of Bernie Madoff

Book Cover
Average Rating
Publisher:
Varies, see individual formats and editions
Pub. Date:
2009.
Language:
English
Description
Despite all the headlines about Bernard Madoff, who pleaded guilty to running a $65 billion Ponzi scheme, he is still shrouded in mystery. Why (and when) did he turn his legitimate business into a massive fraud? How did he fool so many smart investors for so long? And who among his family and employees knew the truth?The best person to answer these questions-and tell the full story of Madoff's rise and fall-is Erin Arvedlund. In early 2001, she was suspicious of the amazing returns of Madoff's hedge fund, which no one could explain. Her article in Barron's, based on more than one hundred interviews, could have prevented a lot of misery had the SEC followed up.But almost no one was willing to believe anything bad about "Uncle Bernie"-so nice, so humble, so generous to charities. As Arvedlund shows, Madoff was no ordinary liar but a master of the type of lies people really wanted to believe. He kept his clients at a distance and allowed handsomely paid friends to solicit new ones for him; playing hard to get created an irresistible mystique.Now, Arvedlund tackles the tough questions that are still unanswered in the wake of Madoff's collapse: -Did he start off as a legitimate money manager or was he a fraud from the beginning? Were there indications of larceny at the very start of his career? -Why did Madoff's biggest supporters within the industry, such as Walter Noel of Fairfield Greenwich and Ezra Merkin of Gabriel Capital, ignore the warning signs that were so apparent? Did they choose to remain ignorant as long as their commissions rolled in? -Why did SEC investigations fail to catch Madoff's Ponzi scheme even though several people had voiced concerns about his operation? -Who else helped Madoff carry out his scam? His family and close associates have denied any involvement, but was it possible for one man to engineer a heist of such scope?With her keen investigative eye, Arvedlund presents a sweeping narrative of Madoff's career-from his youth in Queens, New York, to his early days working for his father-in-law, to his time as chairman of the NASDAQ exchange, and finally to infamy as the world's most notorious swindler. She offers a riveting glimpse of Madoff the man-an indifferent student with little ambition who transformed himself into a star with a talent for trading, a reputation for innovation, and an unmistakably erratic nature. Listeners 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.
More Details
ISBN:
9781591842873
9781400194100
Also in This Series
More Like This
Reviews from GoodReads
Loading GoodReads Reviews.
Staff View

Grouping Information

Grouped Work ID33f4a568-1065-5a85-cfb2-b6d999e0a3fc
Grouping Titletoo good to be true the rise and fall of bernie madoff
Grouping Authorarvedlund erin
Grouping Categorybook
Last Grouping Update2019-11-18 04:43:47AM
Last Indexed2019-11-18 04:44:43AM

Solr Details

accelerated_reader_point_value0
accelerated_reader_reading_level0
authorArvedlund, Erin.
author_displayArvedlund, Erin
available_at_arlingtonCentral
collection_arlingtonAdult Nonfiction
detailed_location_arlingtonCentral Adult Nonfiction
display_descriptionDespite all the headlines about Bernard Madoff, who pleaded guilty to running a $65 billion Ponzi scheme, he is still shrouded in mystery. Why (and when) did he turn his legitimate business into a massive fraud? How did he fool so many smart investors for so long? And who among his family and employees knew the truth? The best person to answer these questions-and tell the full story of Madoff's rise and fall-is Erin Arvedlund. In early 2001, she was suspicious of the amazing returns of Madoff's hedge fund, which no one could explain. Her article in Barron's, based on more than one hundred interviews, could have prevented a lot of misery had the SEC followed up. But almost no one was willing to believe anything bad about "Uncle Bernie"-so nice, so humble, so generous to charities. As Arvedlund shows, Madoff was no ordinary liar but a master of the type of lies people really wanted to believe. He kept his clients at a distance and allowed handsomely paid friends to solicit new ones for him; playing hard to get created an irresistible mystique. Now, Arvedlund tackles the tough questions that are still unanswered in the wake of Madoff's collapse: -Did he start off as a legitimate money manager or was he a fraud from the beginning? Were there indications of larceny at the very start of his career? -Why did Madoff's biggest supporters within the industry, such as Walter Noel of Fairfield Greenwich and Ezra Merkin of Gabriel Capital, ignore the warning signs that were so apparent? Did they choose to remain ignorant as long as their commissions rolled in? -Why did SEC investigations fail to catch Madoff's Ponzi scheme even though several people had voiced concerns about his operation? -Who else helped Madoff carry out his scam? His family and close associates have denied any involvement, but was it possible for one man to engineer a heist of such scope? With her keen investigative eye, Arvedlund presents a sweeping narrative of Madoff's career-from his youth in Queens, New York, to his early days working for his father-in-law, to his time as chairman of the NASDAQ exchange, and finally to infamy as the world's most notorious swindler. She offers a riveting glimpse of Madoff the man-an indifferent student with little ambition who transformed himself into a star with a talent for trading, a reputation for innovation, and an unmistakably erratic nature. Listeners 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.
format_arlingtonBook
eAudiobook
format_category_arlingtonAudio Books
Books
eBook
id33f4a568-1065-5a85-cfb2-b6d999e0a3fc
isbn9781400194100
9781591842873
item_details
Bib IdItem IdShelf LocCall NumFormatFormat CategoryNum CopiesIs Order ItemIs eContenteContent SourceeContent FileeContent URLsubformatDetailed StatusLast CheckinLocationSub-location
ils:.b13099450.i14223296Central Adult Nonfiction364.163 ARVED1falsefalseOn ShelfApr 05, 2018can
overdrive:ec2bbb3f-db5d-46ea-906f-0811a0a756ad-1Online OverDrive CollectionOnline OverDriveeAudiobookAudio Books1falsetrueOverDriveOverDrive MP3 Audiobook, OverDrive ListenAvailable Online
itype_arlingtonHardback
last_indexed2019-11-18T09:44:43.549Z
lexile_score-1
literary_formNon Fiction
literary_form_fullNon Fiction
local_callnumber_arlington364.163 ARVED
Online OverDrive
owning_library_arlingtonArlington Public Library
Aurora Hills
Central
Cherrydale
Columbia Pike
Connection Crystal City
Detention Center
Glencarlyn
Local History
Plaza
Shirlington
Westover
owning_location_arlingtonCentral
primary_isbn9781591842873
publishDate2009
record_details
Bib IdFormatFormat CategoryEditionLanguagePublisherPublication DatePhysical Description
ils:.b13099450BookBooksEnglishPortfolio, 2009.310 pages, 8 unnumbered leaves of plates : illustrations ; 24 cm.
overdrive:ec2bbb3f-db5d-46ea-906f-0811a0a756adeAudiobookAudio BooksEnglishTantor Media, Inc.2009
recordtypegrouped_work
scoping_details_arlington
Bib IdItem IdGrouped StatusStatusLocally OwnedAvailableHoldableBookableIn Library Use OnlyLibrary OwnedHoldable PTypesBookable PTypesLocal Url
ils:.b13099450.i14223296On ShelfOn Shelffalsetruetruefalsefalsetrue9999
overdrive:ec2bbb3f-db5d-46ea-906f-0811a0a756ad-1Available OnlineAvailable Onlinefalsetruetruefalsefalsefalse
subject_facetCommercial crimes -- United States
Ponzi schemes -- United States
Swindlers and swindling -- United States -- Biography
title_displayToo good to be true : the rise and fall of Bernie Madoff
title_fullToo Good to Be True The Rise and Fall of Bernie Madoff
Too good to be true : the rise and fall of Bernie Madoff / Erin Arvedlund
title_shortToo good to be true
title_subthe rise and fall of Bernie Madoff
topic_facetBiography & Autobiography
Business
Nonfiction