With his arrest on Dec. 11, 2008, the world first learned that Wall Street trader and former NASDAQ chairman Bernard Madoff was allegedly running the largest Ponzi scheme in history, a $50 billion scam constructed over decades. Husband and wife writing team the Strobers (Billy Graham, The Nixon Presidency) set out to discover "what sort of person could have coldly stolen from those who had entrusted him... in many instances, with their life savings?" Born in 1938, Madoff was an unmemorable student who, in his mid-twenties, got into investing with $5000. His rags-to-riches story helped him become one of the most trusted men in the financial world, delivering fantastic returns to clients like Kevin Bacon, Stephen Spielberg, the Fairfield Fund, a wide range of Jewish philanthropies, and countless other individual investors. Put together in less than three months, this early account depends largely on media and internet stories, supplemented by 25 interviews with those who knew Madoff. Though the Strobers raise many questions that can't yet be answered (how Madoff evaded regulators, whether he had confederates, etc.), their study of a charming alleged con man is compelling, can't-make-this-stuff-up reading.
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With first-hand accounts from his victims, the book peels back Madoff's persona layer by layer, revealing how he developed his elaborate deceit and how and why he targeted and scammed the world of Jewish philanthropy. Complete with the famous whistle-blower letter to the SEC, the Madoff company mission statement, SEC filings, and a list of victims-from housewives to household names-Catastrophe offers a complete look at the white-collar crime of the century, one that will leave readers astounded in disbelief.
With first-hand accounts from his victims, the book peels back Madoff's persona layer by layer, revealing how he developed his elaborate deceit and how and why he targeted and scammed the world of Jewish philanthropy. Complete with the famous whistle-blower letter to the SEC, the Madoff company mission statement, SEC filings, and a list of victims-from housewives to household names-Catastrophe offers a complete look at the white-collar crime of the century, one that will leave readers astounded in disbelief.
Catastrophe: The Story of Bernard L. Madoff, the Man Who Swindled the World
Catastrophe: The Story of Bernard L. Madoff, the Man Who Swindled the World
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Product Details
| BN ID: | 2940175283410 |
|---|---|
| Publisher: | Phoenix Books, Inc. |
| Publication date: | 04/01/2009 |
| Edition description: | Unabridged |
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