No One Would Listen: A True Financial Thriller
| Author | : | |
| Rating | : | 4.36 (786 Votes) |
| Asin | : | 0470919000 |
| Format Type | : | paperback |
| Number of Pages | : | 376 Pages |
| Publish Date | : | 2017-12-20 |
| Language | : | English |
DESCRIPTION:
"An obsessed diatribe that is so unique you can't write it off" according to Tim in Chicago. As a fan of Michael Lewis and his financial non-fiction, I gave Markopolos a try. He is no Mchael Lewis, even with subject matter that is just as good and a ghostwriter. As Harry would say, because he is a fan of metaphorical hyperbole, "as a writer, he wouldn't be allowed to stencil Michael Lewis' laptop case."Since Harry includes a verbatim copy of what he sent to the SEC in 2005, you can see why the SEC staff d. C Brown said EVERYONE SHOULD READ THIS BOOK. before investing. I've read this book twice and have recommended it to friends and acquaintances hoping they will understand why the SEC should not reimburse greedy folks who want something for nothing. Bernie's investors sunk $$$ into his pockets because he was paying an unrealistic rate of return with NO management costs. Isn't hindsight wonderful!!! Yes, the financial markets need closer scrutiny but there will. Bad writing, but good story Despite not being a good literary work, having obvious flaws in the writing, recounting several times the same fact, exalting much on describing his personal qualities, this story has the great merit of telling - using a Garcia Marquez phrase: "the chronicle of an advertised scam " - specially discovered early enough by the author, and despite his many attempts, despised by the authorities who were obliged to cont
Unfortunately, no one listened, until the damage of the world's largest financial fraud ever was irreversible.Since that time, Markopolos openly has testified and questioned the enforcement and fraud investigation capabilities of the Securities and Exchange Commission (SEC), shared a sliver of this page-turning story with 60 Minutes, and become perhaps the world's most visible and insightful whistleblower on fraud and conflicts of interest in financial markets.Throughout the book, Markopolos and his Fox Hounds tell their first-hand story of investigating Madoff-with the help of bestselling author David Fisher. They explain how they discovered the fraud, and then how they provided credible and detailed evidence to major newspapers and the Securities and Exchange Commission (SEC)
Harry Markopolos and his team of financial sleuths discuss first-hand how they cracked the Madoff Ponzi schemeNo 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 handDescribes how Madoff was enabled by investors and fiduciaries alikeDiscusses how the SEC missed the red flags raised by MarkopolosDespite repeated wr