No One Would Listen : A True Financial Thriller

English

ISBN: 0470553731

EAN: 9780470553732

Category: Biography & Autobiography / Criminals & Outlaws/Business & Economics / Investments & Securities/

Publisher: Wiley & Sons, Incorporated, John

Release Date: 03/02/2010

Synopsis: Harry Markopolos and his team of financial sleuths discuss first-hand how they cracked the Madoff Ponzi scheme. No One Would Listen is the exclusive story of the Harry Markopolos-led investigation into Bernie Madoff and his 5 billion Ponzi scheme. While a lot has been written about Madoffs scam, few actually know how Markopolos and his team, affectionately called The Fox Hounds by Markopolos himself, uncovered what Madoff was doing years before this financial disaster reached its pinnacle. Unfortunately, no one listened, until the damage of the worlds largest financial fraud ever was irreversible. Since that time, Markopolos openly has testified and questioned the enforcement and fraud investigation capabilities of the Securities and Exchange Commission (SEC), shared a sliver of this page-turning story with 60 Minutes, and become perhaps the worlds most visible and insightful whistleblower on fraud and conflicts of interest in financial markets. Throughout the book, Markopolos and his Fox Hounds tell their first-hand story of investigating Madoff-with the help of bestselling author David Fisher. They explain how they discovered the fraud, and then how they provided credible and detailed evidence to major newspapers and the Securities and Exchange Commission (SEC) many times between 2000 and 2008, only to have his warnings ignored repeatedly by the SEC. Provides a firsthand account of how Markopolos uncovered Madoffs scam years before it actually fell apart. Discusses how the SEC missed the red flags raised by Markopolos. Describes how Madoff was enabled by investors and fiduciaries alike. The only book to tell the story of Madoffs scam and the SECs failings by those who saw both first hand. Despite repeated written and verbal warnings to the SEC by Harry Markopolos, Bernie Madoff was allowed to continue his operations. No One Would Listen paints a vivid portrait of Markopolos and his determined team of financial sleuths, and what impact they will have on financial markets and financial regulation for decades to come.

Excerpt: Unknown Property Excerpt

No One Would Listen : A True Financial Thriller

Illustrated: Yes

Format: Hardcover

Height: 1.12 inches

Width: 0.58 inches

Length: 9.3 inches

Weight: 22.43 oz

Pages: 376