[ FreeCourseWeb.com ] Too Good to Be True: The Rise and Fall of Bernie Madoff
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English | ISBN: 1591842875 | 2009-08-11 | PDF | 320 pages | 5,8 Mb
Erin Arvedlund, the journalist author of groundbreaking 2001 Baron's article on Bernie Madoff, once again tells a full story of the rise and spectacular fall of Bernie Madoff's $65 billion dollar Ponzi scheme.
With her keen investigative talent, she describes Madoff's humble beginning from his early days in Queens working for his father-in-law, to his time as chairman of NASDAQ, and finally to his fall as the world's most notorious swindler. She annotates how and why SEC fail to catch Madoff's Ponzi scheme even though several people questioned his operation, who else help Madoff carry his scam as he could not have done this alone, and how other funds like Fairfield Greenwich, Gabriel Capital, even a University endowment fund got sucker in to his so call 'consistent return' formula. She also writes a poignant story of how several ordinary people invested in Madoff's fund, even days before he was arrested.
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