The Wizard Of Lies

The inside story of Bernie Madoff and his $65 billion Ponzi scheme, with surprising and shocking new details from Madoff himself. Who is Bernie Madoff, and how did he pull off the biggest Ponzi scheme in history? These questions have fascinated people ever since the news broke about the respected New York financier who swindled his friends, relatives, and other investors out of $65 billion through a fraud that lasted for decades. Many have speculated about what might have happened or what must have happened, but no reporter has been able to get the full story -- until now. In The Wizard of Lies, Diana B. Henriques of The New York Times -- who has led the paper's coverage of the Madoff scandal since the day the story broke -- has written the definitive book on the man and his scheme, drawing on unprecedented access and more than one hundred interviews with people at all levels and on all sides of the crime, including Madoff's first interviews for publication since his arrest. Henriques also provides vivid details from the various lawsuits, government investigations, and court filings that will explode the myths that have come to surround the story. A true-life financial thriller, The Wizard of Lies contrasts Madoff's remarkable rise on Wall Street, where he became one of the country's most trusted and respected traders, with dramatic scenes from his accelerating slide toward self-destruction. It is also the most complete account of the heartbreaking personal disasters and landmark legal battles triggered by Madoff's downfall -- the suicides, business failures, fractured families, shuttered charities -- and the clear lessons this timeless scandal offers to Washington, Wall Street, and Main Street.

Based on award-winning reporter Diana Henriques' unprecedented access to Madoff, including extensive correspondence and his first interviews for publication since his arrest, "Bernie Madoff, The Wizard of Lies" is the ultimate true-life financial thriller.

In December 2008, the world watched as master financier Bernard L. Madoff was taken away from his posh Manhattan apartment in handcuffs, accused of swindling thousands of innocent victims-including friends and family-out of billions of dollars in the world's largest Ponzi scheme. Madoff went to jail; he will spend the rest of his life there. But what happened to his devoted wife and sons? The people closest to him, the public reasoned, must have known the truth behind his astounding success. Had they been tricked, too? With unprecedented access to the surviving family members -- wife Ruth, son Andrew and his fiancéee Catherine Hooper -- journalist Laurie Sandell reveals the personal details behind the headlines. How did Andrew and Mark, the sons who'd spent their lives believing in and building their own families around their father's business first learn of the massive deception? How does a wife, who adored her husband since they were teenagers, begin to understand the ramifications of his actions? The Madoffs were a tight-knit and even claustrophobic clan, sticking together through marriages, divorces, and illnesses. But the pressures of enduring the massive scandal push them to their breaking points, most of all son Mark, whose suicide is one of the many tragedies that grew in the wake of the scandal. Muzzled by lawyers, vilified by the media and roundly condemned by the public, the Madoffs have chosen to keep their silence -- until now. Ultimately, theirs is one of the most riveting stories of our time: a modern-day Greek tragedy about money, power, lies, family, truth and consequences.

“Accurate and highly readable.” —Wall Street Journal Emmy award-winning journalist Andrew Kirtzman, explores “The Life and Lies of Bernie Madoff” in Betrayal—an in-depth, personal look at the architect of the biggest financial fraud in history. The New York Times calls Betrayal, “a novelistic, you-are-there sort of narrative,” and the shocking story of the King of the Swindlers—and his hundreds of celebrity and corporation victims, and the everyday people who tragically invested their life savings with him—does indeed read like a page-turning thriller. But it’s all amazingly, disturbingly true.

The Eloquence of Effort echoes the merits of conscientious toil. It provides an insightful look into the benefits of sustained socio-economic effort. To convincingly argue that dreams are only achievable through mind-numbing toil, the writer draws heavily from biographical, philosophical, economic, religious, historical and scientific data. Work is the mission; the multiple rewards are the byproducts, he argues. Moreover, the pleasure resides in the effort, not the results. Against the dark backdrop of malignancies inflicted on society by unrepentant leeches, the benefit of conscientious work is sharply focused. The reader is imperceptibly nudged into a higher plane of reality: namely, purposeful effort, regardless of its nature, is supremely rewarding. The writer forces the realization that regardless of the outcome, effort is never wasted. Conversely, indolence is the bane of progress and the root cause of economic crimes. Indeed, corruption in all its diabolical forms is nothing but laziness masquerading as diligence and embraced by vacuous minds craving the most for the least. Analysis of biographical data sustains the thesis that industry prolongs life; inaction truncates it – a finding supported by the second Law of Thermodynamics. The persuasiveness of the arguments is supported by a wealth of references. Together they form the final authority; they have given resonance to the arguments contained herein.

What do Michael Milken and Martha Stewart have in common? What was the most outrageous party thrown by a financial baron of the twentieth century? Which US war hero president became party to, and victim of, an unabashed con man known as the Napoleon of Wall Street? These questions and more are discussed in Separating Fools from Their Money. The authors trace the history of financial scandals beginning with young republic days through the Enron/WorldCom debacle of modern times. Informative and entertaining, this book reveals human nature in all of its dubious shades of grey. It also exposes themes common to all financial scandals, which remain astonishingly unchanged over time?greed, hubris, media connections, self-interested politicians, and booms-gone-bust, to name a few. This second edition features a new preface and introduction, plus three new chapters, which address the financial panic of 2008, post-panic scandals, and the "princes of Ponzi." This book's accessible writing will interest the casual business reader as well as the seasoned investor.

The Trouble with Trauma is the story of how the idea of psychological trauma appeals to the human mind. Trauma impacts many people psychologically, but the evidence on the long-term physical effect is incomplete. Theories that psychological trauma can permanently damage your brain, cause physical disease, and change your essential character have become staples of human thought worldwide. Dr. Scheeringa explains how those theories are widely believed whilst not being true, and at the heart of the story is an explanation of how humans choose to ignore scientific evidence and practice self-deception based on heuristics for survival. Heuristics is a rapid and efficient method to make judgments about threatening situations, which may be especially relevant during an epidemic and the spread of misinformation. But The Trouble with Trauma is more than a critique of social policy. This is a book for anyone who wants a better understanding on how groupthink and herd mentality works and improves our ability to understand scientific fact. Dr. Scheeringa sheds light on why we choose to ignore scientific evidence while engaging the reader in a lively conversation on how we come to believe.