"... updated account of his struggle to alert authorities to Madoff's crimes." (Guardian, February 2011)
[STARRED REVIEW] Markopolos, the whistleblower who filed five unheeded complaints against Ponzi king Bernie Madoff over nine years, has produced an astonishing true-life whodunit set amidst the personalities, plots, and international intrigue of Wall Street. Having collected damning information on money manager Madoff-the respected co-founder of NASDAQ who ran the largest financial scam in history-since 1999, Markopolos's work as a chartered financial analyst and certified fraud examiner, aided by an industry journalist and two colleagues from his days as a derivatives portfolio manager, lays bare the Security and Exchange Commission (SEC) as a tragically inept regulating agency that "didn't give a rat's ass about protecting investors," and seemed to consider Madoff "just another guy cutting some corners." Realizing he had not one but two powerful opponents-"Madoff and this nonfunctioning agency"-Markopolos refused to give up, despite fearing for his life and his family; accordingly, he transmits his team's determination and fascination in contagious detail. The hows and whys of Madoff's eventual arrest, Markopolos's subsequent appearances before Congress, and the carnival of press coverage makes a satisfying conclusion to this strange epic; Markopolos also includes complete documentation of his formal submissions to the SEC, plus his recommendations for much-needed reform at the agency. (Mar.) (PublishersWeekly.com, March 29, 2010)
"... a salutary tale and the detailed regulatory lessons offered in the epilogue deserve attention." (Financial Times, March 2010)
"... a highly readable account...." (Pensions Week, April 2010)
"... full of details about his dispiriting efforts to alert the authorities to Bernie Madoff's $65 billion fraud." (UK.Reuters.com, March 2010)
"... reads like a thriller, full of purple prose." (TimesOnline.co.uk, March 2010)
"This was easily the most exiting book I have read this year." (Actuary, September 2010)