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.
A good read, but leaves a big ? on why he did it
Excellent, thorough research, and well written. But remains truly mystifying why an already wealthy , successful Madoff would just decide to do a Ponzi when he had to know it was 100% certain - if he didn’t die first - that he’d be caught, ruined, disgraced and jailed. It’s just the basic Ponzi math that they have to collapse, usually sooner. Apparently started after the crash of 1988. I mean why not just tell these big investors “Sorry, guys, you get hit hard “ - instead of taking from other investors, and putting yourself on the road for a 150 jail sentence ?
Madoff Book - Wizard of Lies
This is an outstanding book. The author writes extremely well. The subject has been thoroughly researched. The author has personally interviewed Madoff twice. I recommend this book with no reservations.
Wizard of Lies
Wizard is a penetrating view into the opaque world of Bernie Madoff and his billion dollar Wall Street Ponzi scheme. This story of greed and self deception is a cautionary tale for the wishful thinker in all of us. I could not put Wizard of Lies down.