The Believers: How America Fell for Bernie Madoff's $50 Billion Investment Scam

The Believers: How America Fell for Bernie Madoff's $50 Billion Investment Scam

by Adam LeBor
     
 

It was luxurious Palm Beach, by the manicured lawns and Olympic-sized swimming pool, that financier Bernard Madoff ravaged the world of philanthropy and high society he had strived so hard to join, vaporising the assets of charities, foundations and individuals that had trusted him with their funds. It seems nothing was sacrosanct to Madoff, possibly the greatest

Overview

It was luxurious Palm Beach, by the manicured lawns and Olympic-sized swimming pool, that financier Bernard Madoff ravaged the world of philanthropy and high society he had strived so hard to join, vaporising the assets of charities, foundations and individuals that had trusted him with their funds. It seems nothing was sacrosanct to Madoff, possibly the greatest con-man in history. Even Elie Wiesel's foundation has lost tens of millions. How could Madoff, a pillar of the Jewish community, do this to a Nobel Laureate and Auschwitz survivor? But Wiesel was hardly alone in trusting the rogue financier. How could some of the most sophisticated and worldly people in America fall victim to a collective delusion for year after year's

THE BELIEVERS answers these unsettling questions. It opens up the clubbish world where Madoff operated, tracing the links from Palm Beach and The Hamptons to the salons and clubs of Manhattan society. It details the network of relationships across which flows hundreds of millions of dollars. 'The Believers' shows how despite material success and acclaim, some human impulses remain eternal. It reveals how an underlying sense of insecurity still shapes some of the richest and most successful individuals in America, making them crave ever more status and peer acclaim. By focusing on Madoff's connection to, and catastrophic impact on, the American Jewish community, THE BELIEVERS dramatically humanises a story that is part financial scandal and part Greek tragedy.

Editorial Reviews

From the Publisher
In these turbulent times we want a morality tale, dressed up with glamour and glitz, about how Madoff seduced and shafted the rich, sophisticated and stupid. LeBor stumps up these rewards in a lively story that will satisfy even the economically literate—THE TIMES

LeBor calls Madoff a modern 'shtarker', or gangster, who used technology, charm and brilliant social connections to rule, and, ultimately, destroy. His motivation was deep and determined - the result speaks for itself—CITY AM

Product Details

ISBN-13:
9780753827437
Publisher:
Phoenix
Publication date:
08/12/2010
Pages:
256
Product dimensions:
5.10(w) x 7.60(h) x 1.00(d)
Age Range:
18 Years

Meet the Author

Adam Lebor is an author and journalist with more than 25 years' experience, who brings alive the human story behind his tenacious investigations.

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