Too Good to Be True: The Rise and Fall of Bernie Madoff

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Overview

The untold story of the Madoff scandal, by one of the first journalists to question his investment practices

Despite all the headlines about Bernard Madoff, he is still shrouded in mystery. How did he fool so many smart investors for so long? Who among his family and employees knew the truth?

The person best qualified to answer these questions is Erin Arvedlund. In early 2001, she was suspicious of the amazing returns of Madoff's hedge fund. Her subsequent article in Barron's could have prevented a lot of misery, had the SEC followed up.

Arvedlund presents a sweeping narrative of Madoff's career-from his youth in Queens, New York, to his early days working for his father­in- law, and finally to infamy as the world's most notorious swindler.

Readers will be fascinated by Arvedlund's portrayal of Madoff, his empire, and all those who never considered that he might be too good to be true.

Editorial Reviews

Michiko Kakutani
Ms. Arvedlund—who, in a 2001 Barron's article, was among the first to question Mr. Madoff's record publicly—works hard to situate the Madoff mess within the larger framework of hedge-fund mania and the Wall Street recklessness that led to the fiscal cataclysms of 2008. She is interested in the How of It All: how was Mr. Madoff able to scam investors (some of whom belonged to the fiscal and banking elite) for decades and how did he manage to elude detection for so many years?
—The New York Times

Product Details

  • ISBN-13: 9781591842996
  • Publisher: Penguin Group (USA) Incorporated
  • Publication date: 7/6/2010
  • Pages: 336
  • Sales rank: 532,426
  • Product dimensions: 5.40 (w) x 8.40 (h) x 0.90 (d)

Meet the Author

Erin Arvedlund began her career as a reporter at Dow Jones newswires in 1993. In 1996, she moved to Moscow to write about business and emerging markets for The Moscow Times. In 1998, she joined TheStreet.com, one of the first real-time news and stock market web sites. She then moved to Barron's magazine to cover options, mutual funds and hedge funds from 2000-2003. From late 2003 to 2005 Arvedlund reported on business and politics in the former Soviet Union for The New York Times. She also has Wall Street experience, having worked in the hedge fund industry at two separate firms, Vision Opportunity Capital Management and Sanford C. Bernstein. Arvedlund has a B.A. from Tufts University in International Relations and studied abroad for a semester at Leningrad State University in St. Petersburg. She has also freelanced extensively for print and online magazines such as Fortune, Outside, The Economist Intelligence Unit, Portfolio.com, and Slate.com. She is married and divides her time between New York and Philadelphia.

Customer Reviews

Average Rating 3.5
( 13 )

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Sort by: Showing 1 – 20 of 13 Customer Reviews
  • Posted November 11, 2009

    more from this reviewer

    A very interesting , informative book

    A very very well written book by a very thorough writer. This book covers the actions of a very evil man and his family.

    1 out of 1 people found this review helpful.

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  • Anonymous

    Posted March 20, 2012

    blah

    I wanted to read a narrative of the crime but instead it was a bio of madoff. Everything from his best friends to a moped he sold

    Was this review helpful? Yes  No   Report this review
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