By Jerry Oppenheimer
ISBN-10: 0470504986
ISBN-13: 9780470504987
An exciting examine Bernie Madoff the fellow, and his scam
Madoff with the Money is a deeply irritating portrait of Bernie Madoff in line with dozens of unique, news-making interviews. From the values Madoff was once taught growing to be up within the operating category city of Laurelton, Queens to his high-life on Wall highway and the super-rich enclaves of Palm seashore and the French Riviera, bestselling writer Jerry Oppenheimer follows the disgraced cash manager's path as he works his approach up the social and monetary ladder, and finally scams his trusting consumers in a $50 billion Ponzi scheme.
Through Oppenheimer's in-depth reporting, you will discover new revelations during this startling case, and familiarize yourself with the trusting victims-ranging from non-profit Jewish charities to the likes of likely refined contributors similar to actress Jane Fonda who may "like to shake Madoff till his tooth fall out," the scion of the Baskin-Robbins ice cream empire who misplaced a package deal and used to be compelled to hire out rooms in his condominium, and New Jersey Senator Frank Lautenberg. there is even Madoff's personal sister-in-law and speak exhibit host Larry King, who it seems that did not ask the ideal questions while he invested. All misplaced their much-needed lifestyles discounts, whereas others observed fortunes small and massive evaporate within the grasping monetary operations of 1 of history's all-time charlatans.
Madoff With the Money
- Delves into the main points of the illusive guy that misplaced traders billions
- Weaves tales of Madoff's prior with these of the current in a fascinating and obtainable style
- Explores how the monetary rip-off that Madoff ran rate members and associations billions of dollars
- Other titles by means of Oppenheimer: Toy Monster: the massive, undesirable global of Mattel, and Just cakes: Martha Stewart the Unauthorized Biography
While there is different books at the Bernie Madoff debacle, none digs as deep or is going as a long way to discover the reality in the back of the guy, and his amazing scam.
Read or Download Madoff with the Money PDF
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Extra info for Madoff with the Money
Example text
Bernie needed to keep up appearances, even as the end neared. One longtime employee, William Nasi, who had been Bernie’s personal errand boy and messenger beginning in the late 1960s, perceived a change in “the boss’s mood” compared to Christmas parties past. Bernie always acted like a politician—squeezing the flesh, kissing babies, playing the crowd, going from table to table, playing the role of the boss. This time when he showed up, Ruth was acting out that role. Bernie just stood there silently.
Indd 14 7/24/09 8:57:08 PM Beginning of the End 15 one big lie,” and that he was running “basically, a giant Ponzi scheme,” and “had for years been paying returns to certain investors out of the principal received from other, different investors,” according to the FBI agent’s report. ” He also stated he was going to give himself up to the authorities. 1 billion in assets for just 23 clients, which would turn out to be a lie as enormous as his crimes. In fact, as investigators would determine, there were thousands of investors over the years and as much as $65 billion of their money.
Bernie liked things to be done right,” observes the close friend. “He liked to look nice. He liked expensive shoes and suits, cars and boats and houses. He liked his home to look just right; he wanted his office to look perfect—everything had to be perfect and in its place. ” Later on, though, Bernie was determined to show everyone that he could have all the Keds he ever wanted, and lots more. Bernie was clearly embarrassed by the way his parents lived and acted. Therefore, few of his friends were ever invited into the Madoff home.