Too Good to Be True
The Rise and Fall of Bernie Madoff, Library Edition
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CD)
| Author: Erin/ White Arvedlund | Narrated By: Jerry White Karen White |
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| Erin Arvedlund, the financial reporter who questioned the amazing returns of Bernie Madoff''s hedge funds way back in 2001, traces the life of the infamous swindler and addresses the tough questions surrounding the collapse of his Ponzi scheme. |
Annotation:
Bernard Madhoff was a highly-respected investor and philanthropist, whose client list included many wealthy celebrities and high-profile personalities. Madhoff lost it all when he was arrested in December 2008 and charged with securities fraud--he was essentially running a modern-day Ponzi scheme, defrauding his wealthy clients out of tens of billions of dollars. In June, 2009, Madhoff pled guilty and was sent immediately to prison. Erin Arvedlund recounts the life of Bernie Madhoff, from his beginnings in Queens, New York to his decades as a wise and generous financial wizard who rubbed shoulders with the famous who would later shun him. Arvedlund addresses the central question of how Madhoff was able to get away with his scheme for so long, as he took advantage of the exuberant spirit of Wall Street while escaping the oversight of the SEC and almost all others.
Bernard Madhoff was a highly-respected investor and philanthropist, whose client list included many wealthy celebrities and high-profile personalities. Madhoff lost it all when he was arrested in December 2008 and charged with securities fraud--he was essentially running a modern-day Ponzi scheme, defrauding his wealthy clients out of tens of billions of dollars. In June, 2009, Madhoff pled guilty and was sent immediately to prison. Erin Arvedlund recounts the life of Bernie Madhoff, from his beginnings in Queens, New York to his decades as a wise and generous financial wizard who rubbed shoulders with the famous who would later shun him. Arvedlund addresses the central question of how Madhoff was able to get away with his scheme for so long, as he took advantage of the exuberant spirit of Wall Street while escaping the oversight of the SEC and almost all others.
Praise
"[Arvedlund] not only brings great lucidity to the subject but supplies invaluable context about the devices that Mr. Madoff used to perpetuate his confidence game. She even shows how the Securities and Exchange Commission works--or fails to work."
- Edward Jay Epstein
08/17/2009

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