Title
Too Good to Be True: The Rise and Fall of Bernie Madoff,Used
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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? Who among his family and employees knew the truth?The best person to answer these questionsand tell the full story of Madoffs rise and fallis Erin Arvedlund. In early 2001, she was suspicious of the amazing returns of Madoffs hedge fund, which no one could explain. Her article in Barrons, 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 Madoffs 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 Madoffs 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 Madoffs 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 Madoffs careerfrom his youth in Queens, New York, to his early days working for his fatherinlaw, to his time as chairman of the NASDAQ exchange, and finally to infamy as the worlds most notorious swindler. She offers a riveting glimpse of Madoff the manan 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.Readers will be fascinated by Arvedlunds portrayal of Madoff, his empire, and all those who never considered that he might be too good to be true.
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This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
- Q: What is the main focus of 'Too Good to Be True: The Rise and Fall of Bernie Madoff'? A: The book primarily explores the life of Bernie Madoff, detailing his rise as a legitimate businessman and his eventual fall as the orchestrator of a $65 billion Ponzi scheme, while examining the factors that allowed his fraud to persist for so long.
- Q: Who is the author of this book? A: The author is Erin Arvedlund, a journalist who conducted extensive research and interviews to uncover the story behind Madoff's fraudulent activities.
- Q: How many pages does the book have? A: The book contains 320 pages.
- Q: What is the publication date of this book? A: The book was published on August 11, 2009.
- Q: Is the book available in different formats? A: Currently, the book is available in hardcover format.
- Q: What are some of the key questions addressed in the book? A: The book addresses key questions such as the origins of Madoff's fraud, the role of his supporters, and why regulatory investigations failed to uncover his scheme.
- Q: What type of readers would benefit from this book? A: Readers interested in finance, true crime, and the intricacies of high-stakes investment fraud would find this book particularly insightful.
- Q: Does the book provide insights into Madoff's personal life? A: Yes, the book offers a glimpse into Madoff's personal life, including his upbringing, his family dynamics, and how these aspects may have influenced his actions.
- Q: What makes this book different from other books about Bernie Madoff? A: Erin Arvedlund's investigative approach, based on over one hundred interviews, provides a unique perspective that combines detailed storytelling with factual analysis of Madoff's operations.
- Q: Is there an edition number associated with this book? A: The book is listed as an 'Edition Unstated'.