Too Good to Be True, the Rise and Fall of Bernie Madoff

Too Good to Be True, the Rise and Fall of Bernie Madoff

Book - 2009
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Baker & Taylor
Discusses the multi-billion dollar financial scheme masterminded by Bernard Madoff, detailing the history of his business practices and who else was involved in the scheme.

Blackwell North Amer
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 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.
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?

Publisher: New York : Portfolio, 2009
ISBN: 9781591842873
1591842875
Branch Call Number: 364.163 MADOF ARVED
Notes: Includes index

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SPM
Dec 17, 2009

This is a good book to read if you are interested in the known details of the Madoff saga. There is another "Madoff with the money" which deals with the same story but is mostly gossip and not worth reading unless you like the National Enquirer.

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