No One Would Listen
A True Financial Thriller
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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.
From Publishers Weekly
© Publishers Weekly
The most surprising thing about this is that the narrator Scott Brick has toned down his off the wall overly dramatic Shakespearian presentations. It took me a while before I even knew it was him. Good job Scott! The book itself is a shocking expose of the government's total inability to control corruption on Wall Street. While I don't normally support a bunch of protesting, I totally think that the current Occupy Wallstreet protest are very timely and perfectly justified. These educated fools won't stop until they have driven every taxpayer into the poor house. I hope the protesters force their way into the inner sanctum of Wallstreet and destroy it.
Enjoyed my time learning far more about the finance industry than I previously knew. Markopolis is a captivating writer, and testimony to that is the current time. I should be asleep!
I am relieved to know there are individuals out there who understand the need to do something because it is the right thing to do. With so many asking "What's in it for me?", this book was a breath of fresh air. I will say the numerous metaphors in the epilogue were corny, but I guess I can forgive that of a man who risked his life to do the right thing. His ideas on how the SEC should be run are, sadly, common sense ideas. I sincerely hope the current leaders today consider very carefully the advice he has offered in the conclusion of this book.
My question is this. Why should a large portion of the "victims" receive any compensation? It seems obvious they knew illegal actions of some kind were involved, but they weren't concerned as long as they continued to richly benefit from Madoff's actions. I know very little about how the finance industry operates, but even I can recognize "too good to be true", especially in an industry of money-making. A chart with a 45 degree angle? Really? And Spielberg fell for this? How did THAT happen? I love that guy. Well, at least I love his movies. That would be a good book. "How I fell for a Ponzi scheme". Wait...isn't our entire economy a Ponzi scheme?
Don't miss out on a good follow story entitled American Greed, by Saeed Fazeli. Went to look for a "How I fell for a Ponzi Scheme", and I found one! Great book, quick read.
Investor in like kind scam
Thank you. It is sad and true. No help from SEC to date for me either. Go straight to Justice Dept., that is my advise.
Sell your house/building/ put the money in a safe. And a little in a fund yourself no no no "financial Planner".
What a great book. Just when I thought there was no one to listen.