Madoff.

Peter Sander

Physical

Available

In December 2008, with financial crisis sweeping America and the globe, Bernard "Bernie" Madoff, a leading Wall Street figure and former chairman of the NASDAQ Stock Market, dropped the bombshell: For years he would bilked thousands of investors worldwide to the tune of $50 billion. Overnight, the term "Ponzi scheme" a fraudulent investment strategy that pays returns to early investors with money invested later by others became synonymous with Madoff's name.

In the first comprehensive account of this epic scandal, Peter Sander traces Madoff's rise from unremarkable Jewish schoolboy to Wall Street trader, from money maker to money manager. His gripping narrative examines how Madoff built his brand, how he infiltrated influential circles, and how the scheme came unravelled.

What will you learn from this book

  1. Madoff's Deception: The book delves into the elaborate Ponzi scheme created by Bernie Madoff, detailing how he managed to deceive investors, regulators, and financial authorities for years.

  2. Personal Background: It might explore Madoff's personal background, career, and the factors that led to his involvement in financial fraud.

  3. Investor Losses: Discusses the massive losses incurred by investors who trusted Madoff, examining the impact on individuals, charities, and institutions.

  4. Regulatory Oversight: Analyzes the failures of regulatory bodies in detecting Madoff's fraudulent activities and the shortcomings in the oversight of the financial industry.

  5. Psychology of Fraud: Explores the psychology behind Madoff's actions, examining the mindset of a fraudster and the manipulation tactics used to maintain the scheme.

  6. Legal and Ethical Implications: Discusses the legal consequences and ethical implications of Madoff's actions, including the investigations, trials, and sentences.

  7. Impact on Financial Markets: Examines the broader implications of Madoff's scheme on investor trust, financial markets, and the subsequent regulatory reforms.

  8. Lessons Learned: The book might highlight the lessons learned from Madoff's case, emphasizing the importance of due diligence, transparency, and skepticism in investments.

  9. Victims' Stories: Includes narratives and interviews with victims of Madoff's fraud, shedding light on their experiences and losses.

  10. Legacy and Aftermath: Explores Madoff's legacy and the aftermath of the scandal, reflecting on the lasting impact on the financial industry and regulatory landscape.

Language English
ISBN-10 9789380069494
No of pages 255
Font Size Medium
Book Publisher Om Books International
Published Date 01 May 2009

About Author

Author : Peter Sander

2 Books

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