NO INNOCENT EXPLANATION: Bernie Madoff and the Fraud the World Wanted to Believe
M. Muñoz
M. Muñoz
Ebook
126
Pages
Tools
info
family_home
Eligible
info
About this ebook
On December 10, 2008, a seventy-year-old Wall Street legend confessed to his own sons that his investment business was, in his words, "one big lie." Within hours the FBI arrested him, and the world discovered it had just watched the largest and longest-running Ponzi scheme in history collapse: sixty-five billion dollars in phantom wealth, built over nearly five decades and unraveled in a single week.This book asks the only question that truly matters: not how one man deceived the world, but why the world, at every level, chose not to look. It reconstructs the mechanics of the fraud from Charles Ponzi's original scheme to Madoff's own architecture of trust; the psychology that turned bankers, celebrities, and Nobel laureates into willing believers; the whistleblower who proved the fraud mathematically nine years before it collapsed and was ignored again and again; and the regulator that held the evidence in its hands and let it go. A rigorous, deeply human account of the fraud that redefined how far trust can be stretched before it breaks, and a warning that its anatomy is still alive today, closer than you think.
On December 10, 2008, a seventy-year-old Wall Street legend confessed to his own sons that his investment business was, in his words, "one big lie." Within hours the FBI arrested him, and the world discovered it had just watched the largest and longest-running Ponzi scheme in history collapse: si...
Discover more
Rate this ebook
Tell us what you think.
Reading information
Smartphones and tablets
Install the Google Play Books app for Android and iPad/iPhone. It syncs automatically with your account and allows you to read online or offline wherever you are.
Laptops and computers
You can listen to audiobooks purchased on Google Play using your computer's web browser.
eReaders and other devices
To read on e-ink devices like Kobo eReaders, you'll need to download a file and transfer it to your device. Follow the detailed Help Center instructions to transfer the files to supported eReaders.
