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Overview
"I said to Bernie, 'What's going on? What are you getting ready for?" because he's drinking this weird mix–whiskey and taking this other stuff to calm his stomach–and all he says is, 'I'm getting ready to do battle. I'm getting ready to make a decision.' That's all he said. It sounds nuts, but it's more like the bizarre world of Madoff."
—From Madoff with the Money
Through Jerry Oppenheimer's in-depth reporting, you'll discover Bernie Madoff as the high school English class cheat, the gung-ho ROTC cadet who pulls a fast one on Uncle Sam, and the ambitious macher who has very special reasons for choosing "Josie College" as his lawful wedded wife. The exclusive material also includes a Madoff family member who speaks out for the first time. You'll find new revelations in this startling case and become familiar with the trusting victims—ranging from nonprofit Jewish charities to the likes of seemingly sophisticated individuals such as actress Jane Fonda, who would "like to shake Madoff until his teeth fall out" to the scion of the Baskin-Robbins ice cream empire, who lost a bundle and was forced to rent out rooms in his house. There's even a number of Madoff's own family members, including his sister and sister-in-law and talk show host Larry King, who apparently didn't ask the right questions when they invested. Some lost their much-needed life savings, while others saw fortunes small and large evaporate in the greedy financial operations of one of history's all-time charlatans. Oppenheimer also unearths details on Madoff's "stockbroker guru" doing business with the Mob, the adultery hush money, and then there are the many compulsions, obsessions, and fetishes that read like something out of a psychology textbook, and much, much more.
Madoff will spend the rest of his life in prison. But the mindboggling case of the fraudster is far from over, and will continue beyond many of our lifetimes, as an army of federal prosecutors, lawyers, and forensic accountants search for the missing money, and try to find out who knew what and when. His wife? His sons? His brother? Others?
Engaging and at times unbelievable, Madoff with the Money weaves stories of Madoff's past with those of the present and delves into the details of the elusive man who lost investors billions. While a lot has been written about the Bernie Madoff debacle, no other account digs as deep or goes as far to uncover the truth behind the man and his incredible scam.
Product Details
| ISBN-13: | 9780470572818 |
|---|---|
| Publisher: | Wiley |
| Publication date: | 08/06/2009 |
| Sold by: | JOHN WILEY & SONS |
| Format: | eBook |
| Pages: | 272 |
| Sales rank: | 961,631 |
| File size: | 1 MB |
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Table of Contents
Prologue xi
Chapter 1 Beginning of the End 1
Chapter 2 Growing Up a Madoff 21
Chapter 3 Bernie Hobnobs with the Wealthy, Strong-Arms Some Pals, and Courts "Josie College" 37
Chapter 4 From Queens to Alabama, Scamming Homeowners and Hustling Stock 47
Chapter 5 Tying the Knot and Giving Uncle Sam the Business 61
Chapter 6 A Borscht Belt Summer Camp Sets the Stage for Bernie's Ponzi Scheme 69
Chapter 7 Moving On Up 85
Chapter 8 The Bagel Baker Becomes a Financial Guru, and the Mob Boys from Rockford Pay a Visit 93
Chapter 9 "Whatever You Do, Kid, Never Invest a Penny in the Stock Market, Because It's Run by Crooks and Sons of Bitches" 113
Chapter 10 A Madoff Speaks Out and an Empty Promise 133
Chapter 11 Mr. Outside versus Mr. Inside versus the SEC 145
Chapter 12 Life inside the Madoff Piggy Bank, Flashing the Plastic, and Losing the Farm 159
Chapter 13 A Family (and Sometimes an Office) Affair 183
Chapter 14 Another Arrest, and Blood Relatives Get Taken to the Cleaners 207
Epilogue 233
Author's Note on Sources 241
Acknowledgments 243
Index 247