Too Good to Be True
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
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Grouping Information
Grouped Work ID | 1e697f71-d168-b2dd-84ea-da5289883604 |
---|---|
Grouping Title | too good to be true |
Grouping Author | erin arvedlund |
Grouping Category | book |
Grouping Language | English (eng) |
Last Grouping Update | 2024-01-04 16:00:02PM |
Last Indexed | 2024-04-28 04:20:23AM |
Solr Fields
accelerated_reader_point_value
0
accelerated_reader_reading_level
0
auth_author2
White, Karen
author
Arvedlund, Erin
author2-role
White, Karen,reader
hoopla digital
hoopla digital
author_display
Arvedlund, Erin
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.
format_bemis
eAudiobook
format_category_bemis
Audio Books
eBook
eBook
id
1e697f71-d168-b2dd-84ea-da5289883604
isbn
9781400194100
last_indexed
2024-04-28T10:20:23.868Z
lexile_score
-1
literary_form
Unknown
literary_form_full
Unknown
primary_isbn
9781400194100
publishDate
2009
publisher
Tantor Media, Inc
recordtype
grouped_work
subject_facet
Biographies
Business
Criminals
Business
Criminals
title_display
Too Good to Be True
title_full
Too Good to Be True [electronic resource] / Erin Arvedlund
title_short
Too Good to Be True
topic_facet
Business
Criminals
Criminals
Solr Details Tables
item_details
Bib Id | Item Id | Shelf Loc | Call Num | Format | Format Category | Num Copies | Is Order Item | Is eContent | eContent Source | eContent URL | Detailed Status | Last Checkin | Location |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
hoopla:MWT10756513 | Online Hoopla Collection | Online Hoopla | eAudiobook | Audio Books | 1 | false | true | Hoopla | https://www.hoopladigital.com/title/10756513?utm_source=MARC&Lid=hh4435 | Available Online |
record_details
Bib Id | Format | Format Category | Edition | Language | Publisher | Publication Date | Physical Description | Abridged |
---|---|---|---|---|---|---|---|---|
hoopla:MWT10756513 | eAudiobook | Audio Books | Unabridged | English | Tantor Media, Inc | 2009 | 1 online resource (1 audio file (780 min.)) : digital. |
scoping_details_bemis
Bib Id | Item Id | Grouped Status | Status | Locally Owned | Available | Holdable | Bookable | In Library Use Only | Library Owned | Holdable PTypes | Bookable PTypes | Local Url |
---|---|---|---|---|---|---|---|---|---|---|---|---|
hoopla:MWT10756513 | Available Online | Available Online | false | true | false | false | false | false |