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Bernard Madoff and His Accomplices

2016-03-21 Business & Economics
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Release : 2016-03-21
Genre : Business & Economics
Kind : eBook
Book Rating : 942/5 ( reviews)

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Book Synopsis Bernard Madoff and His Accomplices by : Lionel S. Lewis

Download or read book Bernard Madoff and His Accomplices written by Lionel S. Lewis. This book was released on 2016-03-21. Available in PDF, EPUB and Kindle. Book excerpt: This is the first detailed study of how Bernard L. Madoff and his accomplices perpetrated a Ponzi scheme of epic proportions—what has been referred to as the "con of the century." In December 2008, Bernard L. Madoff was arrested for perpetrating a protracted Ponzi scheme of inconceivably huge proportions that defrauded clients of his securities company of nearly $20 billion—and was consequently sentenced to 150 years in jail. How did Madoff pull this off for years, even returning some or all of clients' money when they asked, while in actuality was financing the lavish lifestyles of himself, his family, and his accomplices with the stolen funds? And why didn't anyone in the highly regulated investment industry catch on sooner? Bernard Madoff and His Accomplices: Anatomy of a Con examines Bernard L. Madoff's unprecedented confidence game (con game), drawing back the curtain on what actually went on at his investment firm, Bernard L. Madoff Investment Securities, and exposing the day-to-day activities of his accomplices that enabled the elaborate con to succeed for as long as it did. Through the examination of court testimony and other court documents, the mechanics of the con game become clear, elucidating how Madoff's friends and employees hustled money from investors; the methods by which false records, monthly statements to investors, and other documents were manufactured and mass-produced; and how a multitude of felonies and the highest levels of fraud became everyday practices.

Con Game

2017-07-28 Business & Economics
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Release : 2017-07-28
Genre : Business & Economics
Kind : eBook
Book Rating : 045/5 ( reviews)

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Book Synopsis Con Game by : Lionel S. Lewis

Download or read book Con Game written by Lionel S. Lewis. This book was released on 2017-07-28. Available in PDF, EPUB and Kindle. Book excerpt: Bernard Madoff's financial fraud was global, an enormous amount of money was involved, and thousands of people and hundreds of institutions were swindled. Madoff's con game was a Ponzi scheme—an investment that pays returns to early investors from money acquired from subsequent investors.This case study of the Madoff scheme looks at the effects of his crimes on the victims. Elements from a theoretical framework put forward by Erving Goffman provide a perspective for understanding the development and the aftermath of Madoff's con. For example, as Goffman would have put it, Madoff's marks were not cooled out. Many did not accept the fact that they were victims of a con game and publicly clamored for sympathy, restitution, and for public officials to share their perspective.Inside men, ropers, outside men, and victims are at the core of con games. Lionel S. Lewis emphasizes that it is important to understand a con game's characteristics so as to grasp how it operates. The Madoff fraud includes elements of a variety of con games. For a comprehensive study of this economic crime, the case study must be seen as part of the broader social system. Considerably more is known about the dynamics of con games than about Ponzi schemes, and this fact frames this book's approach. To better understand what Madoff did, who was central in keeping his scheme alive, whom he defrauded, and how they reacted, this work is as invaluable as it is illuminating.

Bernard Madoff and His Accomplices

2016-03-21 Business & Economics
Download Bernard Madoff and His Accomplices PDF Online Free

Author :
Release : 2016-03-21
Genre : Business & Economics
Kind : eBook
Book Rating : /5 ( reviews)

GET EBOOK


Book Synopsis Bernard Madoff and His Accomplices by : Lionel S. Lewis

Download or read book Bernard Madoff and His Accomplices written by Lionel S. Lewis. This book was released on 2016-03-21. Available in PDF, EPUB and Kindle. Book excerpt: This is the first detailed study of how Bernard L. Madoff and his accomplices perpetrated a Ponzi scheme of epic proportions—what has been referred to as the "con of the century." In December 2008, Bernard L. Madoff was arrested for perpetrating a protracted Ponzi scheme of inconceivably huge proportions that defrauded clients of his securities company of nearly $20 billion—and was consequently sentenced to 150 years in jail. How did Madoff pull this off for years, even returning some or all of clients' money when they asked, while in actuality was financing the lavish lifestyles of himself, his family, and his accomplices with the stolen funds? And why didn't anyone in the highly regulated investment industry catch on sooner? Bernard Madoff and His Accomplices: Anatomy of a Con examines Bernard L. Madoff's unprecedented confidence game (con game), drawing back the curtain on what actually went on at his investment firm, Bernard L. Madoff Investment Securities, and exposing the day-to-day activities of his accomplices that enabled the elaborate con to succeed for as long as it did. Through the examination of court testimony and other court documents, the mechanics of the con game become clear, elucidating how Madoff's friends and employees hustled money from investors; the methods by which false records, monthly statements to investors, and other documents were manufactured and mass-produced; and how a multitude of felonies and the highest levels of fraud became everyday practices.

Catastrophe

2009-03-15 Biography & Autobiography
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Release : 2009-03-15
Genre : Biography & Autobiography
Kind : eBook
Book Rating : 137/5 ( reviews)

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Book Synopsis Catastrophe by : Deborah Strober

Download or read book Catastrophe written by Deborah Strober. This book was released on 2009-03-15. Available in PDF, EPUB and Kindle. Book excerpt: Catastrophe: The Story of Bernard L. Madoff, The Man Who Swindled the World by Deborah and Gerald Strober was the first biography of the notorious financier to hit stores. Ripped from the headlines, Catastrophe presents Bernie Madoff’s real story, including his confession, unlikely rise, and incredible crash, as well as the stories of the countless organizations and individuals he bilked out of more than $50 billion.

Too Good to Be True

2010-07-06 Business & Economics
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Release : 2010-07-06
Genre : Business & Economics
Kind : eBook
Book Rating : 999/5 ( reviews)

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Book Synopsis Too Good to Be True by : Erin Arvedlund

Download or read book Too Good to Be True written by Erin Arvedlund. This book was released on 2010-07-06. Available in PDF, EPUB and Kindle. Book excerpt: 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.

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