Take the combined fortunes of Bill Gates, Tiger Woods and Roman Abramovich. Now imagine someone stealing that much money – and being hailed as a financial genius. That man is Bernard Madoff.
Backed by governments and global banks, Madoff defrauded $65 billion from charities and individual investors including Stephen Spielberg. Finally turned in by his own sons, Madoff opened his door in his dressing gown to be arrested by the FBI. Eleven charges and eleven guilty verdicts later he swapped his penthouse for a prison cell. Only $1 billion was left.
Madoff is the first definitive account of the rise and fall of the biggest fraudster ever. It's a story of greed, betrayal and lies, of remorseless risk-taking, family tragedy and financial disaster.
Investigative reporter Erin Arvedlund was among the first to expose Madoff back in 2001, but Wall Street and the world didn't listen. In this astonishing book she answers the crucial unsolved questions: why and when did Madoff turn his business into a massive fraud? How did he fool so many investors for so long? Who knew the truth? And who, ultimately, is Bernard Madoff?