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

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Tantor Audio,
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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.
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ISBN:
9781400194100
9781400114108
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Grouped Work ID 33f4a568-1065-5a85-cfb2-b6d999e0a3fc
full_title too good to be true the rise and fall of bernie madoff
author arvedlund erin
grouping_category book
lastUpdate 2017-09-02 05:48:36AM

Solr Details

accelerated_reader_interest_level
accelerated_reader_point_value 0
accelerated_reader_reading_level 0
auth_author2 White, Karen.
author Arvedlund, Erin.
author2-role White, Karen., White, Karen.|Narrator, hoopla digital.
author_display Arvedlund, Erin
available_at_catalog Wright Farms
detailed_location_catalog Wright Farms - Adult CD Audiobooks - Nonfiction
display_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.
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format_category_catalog Audio Books, eBook
id 33f4a568-1065-5a85-cfb2-b6d999e0a3fc
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itype_catalog
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literary_form Non Fiction
literary_form_full Non Fiction
local_callnumber_catalog CD BIOGRAPH MADOFF i
owning_library_catalog All Anythink Libraries
owning_location_catalog Wright Farms
primary_isbn 9781400194100
publishDate 2009
record_details hoopla:MWT10756513|eAudiobook|Audio Books|Unabridged.|English|Tantor Audio,|2009.|1 online resource (1 audio file (780 min.)) : digital., ils:734308|Audio Book|Audio Books||English|Tantor Audio,|p2009.|11 sound discs (11 hr., 30 min.) : digital ; 4 3/4 in.
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subject_facet Audiobooks, BIOGRAPHY & AUTOBIOGRAPHY / Business, BIOGRAPHY & AUTOBIOGRAPHY / Criminals & Outlaws, Commercial crimes -- United States, Madoff, Bernard L, Ponzi schemes -- United States, Swindlers and swindling -- United States -- Biography, TRUE CRIME / General
title_display Too good to be true : the rise and fall of Bernie Madoff
title_full Too good to be true : the rise and fall of Bernie Madoff [electronic resource] / Erin Arvedlund, Too good to be true [sound recording] : the rise and fall of Bernie Madoff / Erin Arvedlund
title_short Too good to be true :
title_sub the rise and fall of Bernie Madoff
topic_facet Commercial crimes, Madoff, Bernard L, Ponzi schemes, Swindlers and swindling