No One Would Listen: A True Financial Thriller

ISBN-13: 9780470919002 / Angielski / Miękka / 2011 / 368 str.

Harry Markopolos

Opis

Harry Markopolos and his team of financial sleuths discuss first-hand how they cracked the Madoff Ponzi scheme No One Would Listen is the thrilling story of how the Harry Markopolos, a little-known number cruncher from a Boston equity derivatives firm, and his investigative team uncovered Bernie Madoff's scam years before it made headlines, and how they desperately tried to warn the government, the industry, and the financial press. Page by page, Markopolos details his pursuit of the greatest financial criminal in history, and reveals the massive fraud, governmental incompetence, and criminal collusion that has changed thousands of lives forever-as well as the world's financial system.

• The only book to tell the story of Madoff's scam and the SEC's failings by those who saw both first hand
• Describes how Madoff was enabled by investors and fiduciaries alike
• Discusses how the SEC missed the red flags raised by Markopolos

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 Madoff's scam will have on financial markets and regulation for decades to come.

Recenzje

‘…updated account of his struggle to alert authorities to Madoff’s crimes.’ (Guardian, February 2011).

Spis treści

Foreword.

Who’s Who.

Introduction.

Chapter 1. A Red Wagon in a Field of Snow.

Chapter 2. The Slot Machine That Kept Coming Up Cherries.

Chapter 3. Falling Down the Rabbit Hole.

Chapter 4. Finding More Peters (to Pay Paul).

Chapter 5. The Goddess of Justice Wears a Blindfold.

Chapter 6. Didn’t Anyone Want a Pulitzer?

Chapter 7. More Red Flags Than the Soviet Union.

Chapter 8. Closing the Biggest Barn Door in Wall Street History.

Chapter 9. Soaring Like an Eagle Surrounded by Turkeys.

Epilogue. Mr. Pinkslip Goes to Washington.

Appendix A. Madoff Tops Charts; Skeptics As How.

Appendix B. The World’s Largest Hedge Fund Is a Fraud.

Appendix C. Online Resource Guide for the Classroom and Beyond.

A Note on Sources.

About the Author.

Acknowledgments.

Index.

O autorze

HARRY MARKOPOLOS, a former securities industry executive turned independent financial fraud investigator, was the whistleblower who provided credible and detailed evidence several times from 2000–2008 that should have prompted an immediate investigation by the United States Securities and Exchange Commission into Bernie Madoff′s $65 billion Ponzi scheme. Markopolos′s investigation was assisted by his investigative team, including Frank Casey, Neil Chelo, and Michael Ocrant. The retelling of their true story was assisted by David Fisher.

Blurb

NEW YORK TIMES BESTSELLER

"How to improve financial regulation and reduce the federal budget deficit, all in one fell swoop? Fire the SEC. Hire Harry Markopolos."
—James Grant, Grant′s Interest Rate Observer

Praise for the New York Times bestselling… USA Today bestselling… Wall Street Journal bestselling…

NO ONE WOULD LISTEN

"Harry Markopolos is a hero . . . The silver lining in the Madoff collapse, if there could be such a thing, is that for at least one moment in time, the SEC has been exposed. And for his role in making that happen, Harry Markopolos deserves all of our thanks."
—From the Foreword by David Einhorn, President and founder, Greenlight Capital, author of Fooling Some of the People All of the Time

"Reading Markopolos′s fascinating account of his relentless pursuit of the man behind the world′s largest fraud scheme, I could not help but marvel at the resemblance to my own story. Both Markopolos and I were by turns dogged, shocked, frustrated and treated like pariahs. . . . his account is a salutary tale and the detailed regulatory lessons offered in the epilogue deserve attention. Let us hope, this time, he gets it."
—Sherron Watkins, The Enron Whistleblower, as reviewed in the Financial Times

"No One Would Listen shows what it was like to see flames when most people did not. On five separate occasions starting in 2000, Mr. Markopolos made submissions to the Securities & Exchange Commission (SEC) about Mr. Madoff. His most detailed report, in 2005, outlined 30 reasons to suspect Mr. Madoff of being a fraud. The SEC′s failure to follow up properly was horribly costly. The frustration of the outsider could not be better expressed."
—The Economist

For additional information and resources, visit www.noonewouldlisten.com