Madoff's Other Secret


Book Description

Nobody knew Bernie like I did, and nobody knows about me... Sheryl Weinstein met Bernie Madoff when she was just shy of forty, and went on to have a twenty-year secret, intimate relationship with the man now known as an evil mastermind, a villain of the greatest proportions. It was 1988 and Sheryl was facing a huge dilemma. Bernie Madoff was paying her a great deal of attention. She was in the midst of a rocky marriage and feeling vulnerable, when the powerful Wall Street mogul began making overtures. As a successful CPA and head of a major charitable organization, she had a lot to lose. She directed him to take things slowly. Over the next five years, there were business meetings over lunch, followed by intimate dinners in hotel rooms and finally, private moments that for a time seemed intensely satisfying to them both. "I'm not to be trusted," he once told her casually. She ignored it, having no idea how prophetic those words would be. After all, her relationship with Bernie was passionate and profound. She felt desirable. She was the one nobody knew about, with the window into the real man. So careful about investing her money, when the SEC cleared him in 1992 she decided to get in all the way--with her heart, her soul--and her financial future. Sheryl was in the wrong place at the wrong time. She couldn't possibly have imagined the devastation that would befall her. Learning the truth was shattering on so many levels. Many books are being written about the scale of Madoff's fraud, but until now, nothing has shown the man through private eyes. Sheryl Weinstein's riveting story reveals a Madoff who will shock and surprise you. From the boardroom to the bedroom, in each other, the two found something that had been lacking in their own lives. It's a story with tragic overtones--a drama that only now could find a devastating conclusion.




The Madoff Chronicles


Book Description

After the news broke of Bernie Madoff's arrest on December 11, 2008, the facts were hard to grasp. Madoff claimed to have stolen fifty billion dollars; the sum seemed impossibly large. But of course it wasn't impossible. And that was only the beginning of the story. As chief investigative correspondent for ABC News, Brian Ross has been on the front lines of the Madoff scandal since the beginning. Throughout the course of his investigation, he and his team have achieved unequaled access to the investigators working to unravel Madoff's fraud, and have succeeded in cultivating sources deep within the walls of Bernard L. Madoff Investment Securities that no other journalist has reached.The result is an unparalleled, fly-on-the-wall view of a life of corrupted luxury and outrageous lies.




Truth and Consequences


Book Description

In December 2008, the world watched as master financier Bernard L. Madoff was taken away from his posh Manhattan apartment in handcuffs, accused of swindling thousands of innocent victims-including friends and family-out of billions of dollars in the world's largest Ponzi scheme. Madoff went to jail; he will spend the rest of his life there. But what happened to his devoted wife and sons? The people closest to him, the public reasoned, must have known the truth behind his astounding success. Had they been tricked, too? With unprecedented access to the surviving family members -- wife Ruth, son Andrew and his fiancéee Catherine Hooper -- journalist Laurie Sandell reveals the personal details behind the headlines. How did Andrew and Mark, the sons who'd spent their lives believing in and building their own families around their father's business first learn of the massive deception? How does a wife, who adored her husband since they were teenagers, begin to understand the ramifications of his actions? The Madoffs were a tight-knit and even claustrophobic clan, sticking together through marriages, divorces, and illnesses. But the pressures of enduring the massive scandal push them to their breaking points, most of all son Mark, whose suicide is one of the many tragedies that grew in the wake of the scandal. Muzzled by lawyers, vilified by the media and roundly condemned by the public, the Madoffs have chosen to keep their silence -- until now. Ultimately, theirs is one of the most riveting stories of our time: a modern-day Greek tragedy about money, power, lies, family, truth and consequences.




Madoff's Other Secret


Book Description

Nobody knew Bernie like I did, and nobody knows about me… Sheryl Weinstein met Bernie Madoff when she was just shy of forty, and went on to have a twenty-year secret, intimate relationship with the man now known as an evil mastermind, a villain of the greatest proportions. It was 1988 and Sheryl was facing a huge dilemma. Bernie Madoff was paying her a great deal of attention. She was in the midst of a rocky marriage and feeling vulnerable, when the powerful Wall Street mogul began making overtures. As a successful CPA and head of a major charitable organization, she had a lot to lose. She directed him to take things slowly. Over the next five years, there were business meetings over lunch, followed by intimate dinners in hotel rooms and finally, private moments that for a time seemed intensely satisfying to them both. “I’m not to be trusted,” he once told her casually. She ignored it, having no idea how prophetic those words would be. After all, her relationship with Bernie was passionate and profound. She felt desirable. She was the one nobody knew about, with the window into the real man. So careful about investing her money, when the SEC cleared him in 1992 she decided to get in all the way--with her heart, her soul--and her financial future. Sheryl was in the wrong place at the wrong time. She couldn't possibly have imagined the devastation that would befall her. Learning the truth was shattering on so many levels. Many books are being written about the scale of Madoff's fraud, but until now, nothing has shown the man through private eyes. Sheryl Weinstein's riveting story reveals a Madoff who will shock and surprise you. From the boardroom to the bedroom, in each other, the two found something that had been lacking in their own lives. It's a story with tragic overtones--a drama that only now could find a devastating conclusion.




No One Would Listen


Book Description

Harry Markopolos and his team of financial sleuths discuss first-hand how they cracked the Madoff Ponzi scheme No One Would Listen is the thrilling story of how the Harry Markopolos, a little-known number cruncher from a Boston equity derivatives firm, and his investigative team uncovered Bernie Madoff's scam years before it made headlines, and how they desperately tried to warn the government, the industry, and the financial press. Page by page, Markopolos details his pursuit of the greatest financial criminal in history, and reveals the massive fraud, governmental incompetence, and criminal collusion that has changed thousands of lives forever-as well as the world's financial system. The only book to tell the story of Madoff's scam and the SEC's failings by those who saw both first hand Describes how Madoff was enabled by investors and fiduciaries alike Discusses how the SEC missed the red flags raised by Markopolos Despite repeated written and verbal warnings to the SEC by Harry Markopolos, Bernie Madoff was allowed to continue his operations. No One Would Listen paints a vivid portrait of Markopolos and his determined team of financial sleuths, and what impact Madoff's scam will have on financial markets and regulation for decades to come.




Too Good to Be True


Book Description

The untold story of the Madoff scandal, by one of the first journalists to question his investment practices Despite all the headlines about Bernard Madoff, he is still shrouded in mystery. How did he fool so many smart investors for so long? Who among his family and employees knew the truth? The person best qualified to answer these questions is Erin Arvedlund. In early 2001, she was suspicious of the amazing returns of Madoff's hedge fund. Her subsequent article in Barron's could have prevented a lot of misery, had the SEC followed up. Arvedlund presents a sweeping narrative of Madoff's career-from his youth in Queens, New York, to his early days working for his father­in- law, and finally to infamy as the world's most notorious swindler. Readers 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.




Madoff Talks: Uncovering the Untold Story Behind the Most Notorious Ponzi Scheme in History


Book Description

“The authoritative source on one of history's most notorious Ponzi schemes.”—Fortune The definitive, in-depth account of the spectacular rise and fall of Bernie Madoff—and the greatest Ponzi scheme of all time―featuring new, exclusive, never-before-published details from Madoff himself No name is more synonymous with the evils of Wall Street than Bernie Madoff. Arrested for fraud in 2008—during the depths of the global financial crisis—the 70-year-old market maker, investment advisor, and former chairman of the NASDAQ had orchestrated the largest Ponzi scheme in world history, fleecing thousands of investors across the globe to the tune of $65 billion. To this day, questions remain: Why did he do it? How did he get away with it for so long? What did his family know? Who is the elusive Bernie Madoff? In Madoff Talks, author Jim Campbell presents the most comprehensive, insider account of the Madoff saga to date. Based on exclusive interviews with all the players—the Madoff family and their associates, the Wall Street wheelers and dealers, the army of lawyers, analysts, and investigators, the victims of the scheme, and Bernie Madoff himself—the book reveals: what motivated a respected financier to commit such a massive fraud—and why he thought he could get away with it how Madoff managed to keep the scheme hidden in plain sight—despite numerous SEC investigations the shocking failures of Wall Street oversight—and how it could happen again the true scale of the investment losses―and the victims’ ongoing fight for justice what Ruth Madoff and the rest of the family knew—and how it shattered their lives Madoff Talks features the first, and likely only, interviews with Ruth Madoff and defense attorney Ira Sorkin, for which Bernie waived attorney-client privilege, as well as never-before-published details from the author’s personal communications with Bernie Madoff in prison. A vivid, powerful piece of investigative reporting, the book takes us behind the headlines to show the full human cost of Madoff’s crimes, and offers a cogent analysis of the reforms necessary to prevent it from happening again. Meticulously researched and relentlessly riveting, Madoff Talks is the full story of an American tragedy.




Investigation of Failure of the SEC to Uncover Bernard Madoff's Ponzi Scheme


Book Description

Contents: (1) Results of the Invest.; (2) SEC Review of 2000 and 2001 Markopolos Complaints: (3) SEC 2004 OCIE Cause Exam. of Madoff; (4) SEC 2005 NERO Exam. of Madoff; (5) SEC 2006 Invest. of Markopolos Complaint; (6) Effect of Madoff¿s Stature and Reputation on SEC Exam.; (7) Allegations of Conflict of Interest from the Relationship between Eric Swanson and Shana Madoff; (8) Private Entities¿ Due Diligence Efforts Revealed Suspicious Activity about Madoff¿s Operations; (9) Potential Investors Relied upon the Fact That the SEC had Examined and Investigated Madoff in Making Decisions to Invest with Him; (10) Additional Complaints Received by the SEC re: Madoff; (11) Additional Exam. and Inspect. of Madoff¿s Firms by the SEC.




Con Game


Book Description

Bernard Madoff's financial fraud was global, an enormous amount of money was involved, and thousands of people and hundreds of institutions were swindled. Madoff's con game was a Ponzi scheme—an investment that pays returns to early investors from money acquired from subsequent investors.This case study of the Madoff scheme looks at the effects of his crimes on the victims. Elements from a theoretical framework put forward by Erving Goffman provide a perspective for understanding the development and the aftermath of Madoff's con. For example, as Goffman would have put it, Madoff's marks were not cooled out. Many did not accept the fact that they were victims of a con game and publicly clamored for sympathy, restitution, and for public officials to share their perspective.Inside men, ropers, outside men, and victims are at the core of con games. Lionel S. Lewis emphasizes that it is important to understand a con game's characteristics so as to grasp how it operates. The Madoff fraud includes elements of a variety of con games. For a comprehensive study of this economic crime, the case study must be seen as part of the broader social system. Considerably more is known about the dynamics of con games than about Ponzi schemes, and this fact frames this book's approach. To better understand what Madoff did, who was central in keeping his scheme alive, whom he defrauded, and how they reacted, this work is as invaluable as it is illuminating.




Catastrophe


Book Description

In December 2008, amidst a world gripped by financial crisis, Bernard Madoff, a respected fund manager, and former chairman of Nasdaq, was arrested by the Fbi for reportedly bilking thousands of trusting investors out of $50 billion. In the first comprehensive account of this financial mastermind's epic Ponzi scheme, Catastrophe exposes the real story behind Madoff's upstanding facade-his confession, his family's involvement, and his unlikely rise and incredible crash. The book defines and explains the whole diabolical debacle, including how he seduced and persuaded sophisticated investors, how he evaded Sec watchdogs, and how his far-reaching crime pervaded the world. With first-hand victim accounts lending a human-interest viewpoint, 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 now unavailable-to-the-public Madoff company mission statement, Sec filings, and a list of victims-from household names to housewives-Catastrophe offers a complete look at the white-collar crime of the century that will leave readers both astounded and in disbelief. Book jacket.