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Catastrophe: The Story of Bernard L. Madoff, the Man Who Swindled the World
     

Catastrophe: The Story of Bernard L. Madoff, the Man Who Swindled the World

by Deborah Strober, Gerald Strober, Connor Trinneer (Read by)
 

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THE REAL STORY OF BERNARD "BERNIE" MADOFF AND THE PONZI SCHEME THAT ROCKED THE WORLD

In December 2008, amidst a world gripped by financial crisis, Bernard Madoff, a respected fund manager, and former chairman of NASDAQ, was arrested by the FBI for reportedly bilking thousands of trusting investors out of $50 billion.

In the first comprehensive account of

Overview

THE REAL STORY OF BERNARD "BERNIE" MADOFF AND THE PONZI SCHEME THAT ROCKED THE WORLD

In December 2008, amidst a world gripped by financial crisis, Bernard Madoff, a respected fund manager, and former chairman of NASDAQ, was arrested by the FBI for reportedly bilking thousands of trusting investors out of $50 billion.

In the first comprehensive account of this financial mastermind's epic Ponzi scheme, Catastrophe exposes the real story behind Madoff's upstanding façade—his confession, his family's involvement, and his unlikely rise and incredible crash. With first-hand victim accounts detailing the personal and business effects of the disastrous crime, the book peels back Madoff's persona layer by layer, revealing how he developed his elaborate deceit, and how and why, ironically, he targeted and scammed the world of Jewish philanthropy.

Through interviews with Madoff's friends and colleagues, the authors draw a picture of Madoff from his ability to use his easy-going charm and country-club sociability to gain entry into influential circles to his Machiavellian financial acumen capable of building and sustaining a towering fraud. Catastrophe defines and explains the whole debacle—how he seduced and persuaded sophisticated investors, how he eluded SEC watchdogs for years, and how his far-reaching crime has affected the world.

Complete with the famous whistle-blower letter to the SEC, a list of victims, SEC filings and more, Catastrophe offers a complete look at the white-collar crime of the century that will leave the reader both astounded and in disbelief.

Deborah and Gerald Strober are the authors of oral histories of the Kennedy, Nixon, and Reaganpresidencies and of oral biographies of Queen Elizabeth II, the Dalai Lama, Billy Graham, and Rudy Giuliani. Their latest book, Israel at Sixty, was published in February 2008. The Strobers live in New York and in Herzliya-by-the-Sea, Israel.

Editorial Reviews

Publishers Weekly
With his arrest on Dec. 11, 2008, the world first learned that Wall Street trader and former NASDAQ chairman Bernard Madoff was allegedly running the largest Ponzi scheme in history, a $50 billion scam constructed over decades. Husband and wife writing team the Strobers (Billy Graham, The Nixon Presidency) set out to discover "what sort of person could have coldly stolen from those who had entrusted him... in many instances, with their life savings?" Born in 1938, Madoff was an unmemorable student who, in his mid-twenties, got into investing with $5000. His rags-to-riches story helped him become one of the most trusted men in the financial world, delivering fantastic returns to clients like Kevin Bacon, Stephen Spielberg, the Fairfield Fund, a wide range of Jewish philanthropies, and countless other individual investors. Put together in less than three months, this early account depends largely on media and internet stories, supplemented by 25 interviews with those who knew Madoff. Though the Strobers raise many questions that can't yet be answered (how Madoff evaded regulators, whether he had confederates, etc.), their study of a charming alleged con man is compelling, can't-make-this-stuff-up reading.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

Product Details

ISBN-13:
9781597772631
Publisher:
Phoenix Books, Incorporated
Publication date:
04/01/2009
Edition description:
Unabridged
Product dimensions:
5.10(w) x 5.70(h) x 0.60(d)

Meet the Author

Deborah Hart Strober was for many years a journalist with the New York Jewish Week. She lives in New York City.

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