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Author
Description
This case study of the Madoff scheme looks at the effects of his crimes on the victims. Many did not accept the fact that they were victims of a con game and publicly clamored for sympathy, restitution, and for public officials to share their perspective. Considerably more is known about the dynamics of con games than about Ponzi schemes, and this fact frames this book's approach. To better understand what Madoff did, who was central in keeping his...
Author
Description
Bernie Madoff was a king of the financial world. He was quietly running the largest hedge fund in the world, a fund that eventually spread to over forty nations and handled tens of billions of dollars. Harry Markopolos was a number cruncher at a Boston equity derivatives firm analyzing investment products. When a marketer handed Harry a prospectus outlining Madoff's strategy and asked him to create a similar product, he looked at the numbers. Within...
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