No One Would Listen

  • by Harry Markopolos
  • Narrated by Scott Brick, Harry Markopolos, Frank Casey, Neil Chelo, David Kotz, Gaytri Kachroo, Michael Ocrant
  • 13 hrs and 0 mins
  • Unabridged Audiobook

Publisher's Summary

No One Would Listen: A True Financial Thriller is exactly what the title promises. This is more than another book about the Bernie Madoff scandal, this is a fast-paced, blow-by-blow, true-crime story that you have to hear to believe. In a true David and Goliath tale, the underdog number cruncher uncovers the largest financial fraud in history, and has to fight everything and everyone in the system to bring it down. Harry Markopolos and his team of financial sleuths tell first-hand how they cracked Madoff’s $65 billion Ponzi scheme yet, amazingly, the Securities and Exchange Commission (SEC) refused to hear the truth for nearly 10 years. Told from the perspective of the ultimate whistleblower in modern corporate memory, No One Would Listen is bound to be the definitive narrative of this scandal.
This special edition includes an exclusive 10th chapter available only in audio, featuring testimony from three victims of the Madoff scheme who came in to the Audible studios to share their shocking and heartbreaking stories. In addition, David Kotz, the Inspector General of the SEC, speaks candidly about his investigation. Throughout the audiobook, you’ll also hear scathing commentary from congressional leaders on the blatant failures of the commission. No One Would Listen is more than an audiobook. It's a lasting audio testament to the largest white-collar crime in history.
SEC Disclaimer
The Securities and Exchange Commission disclaims responsibility for any private publication or statement of any SEC employee or Commissioner. This audiobook expresses the author's views and does not necessarily reflect those of the Commission, the Commissioners, or other members of the staff.

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What the Critics Say



Audie Award Nominee - Best Nonfiction Audiobook, 2011

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Customer Reviews

Most Helpful

Liked the story, but not the author

The story of Bernie Madoff's ponzie scheme is truly remarkable. The ability of one guy to single handedly steal billions of dollars from innocent people in broad daylight is an amazing feat, but even more amazing was the ignorance of the SEC, the organization that's sole purpose is to protect investors.

For the first half of the book I was amazed by the way the SEC kept shunning Markopolos' attempts to investigate Madoff's company, but as I listened more I began to understand a little better why they may have responded like they did. Markopolos is just a little too sure of himself, and as the book progressed he began to get annoying. He loved to use "clever" little phrases throughout the book, like "they couldn't find a batter in the batter's box", "they couldn't find a steer in a stampede", "it was like trying to reign in a beehive with a chainlink fence", or "they pay peanuts and wonder why they wound up with so many monkeys". A few of these phrases scattered throughout the book would have been great, but they were used non-stop throughout the book, and I could just visualize Markopolos beaming with pride each time he dropped one, especially when it was to blast the SEC.

If you aren't familiar with this story, this audiobook will be very intriguing to you. The time passed very quickly and the book didn't ever drag on. I just became increasingly annoyed with the author towards the end of the story.
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- Brock

Good, but understand what you get

It could be subtitled "Markopolis versus the SEC."

This isn't a book about how Bernie Madoff pulled off his scheme, his successes and his failures. If this were fiction, Madoff would be a macguffin---a peripheral character to drive the plot of the real story, which is Harry Markopolis' investigation of Madoff and the SEC's ongoing failure to stop him.

Harry Markopolis was tasked by his employers to figure out how Bernie Madoff's strategy could be so successful (so they could imitate it). The more Harry dug, the more he realized that the whole thing had to be a fraud. He brought this to the attention of the SEC, who promptly allowed Madoff to continue right along. This started an 8-year fight in which Markopolis kept learning more about Madoff and kept trying to get the SEC to shut him down...then (after Madoff turned himself in) became Markopolis' crusade for reforming the SEC.

My biggest complaint---and it is a big one---is that Markopolis' autobiography (which is what this is) is very self-congratulatory in tone. He spends a good deal of time telling us about his brilliance and the SEC's incompetence. All in all, I think it could have used trimming, which is why it only gets 3 stars in my book.

I like Scott Brick as a reader in general, and I definitely liked his reading of this book. He did a very good job capturing Markopolis' frustration and snark. At several points, Markopolis and some of his colleagues read their emails themselves....didn't really add much. Several investors gave their first-person testimony at the end of the book...that was interesting, although, it was too much and an edit was needed.
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- Joel D Offenberg

Book Details

  • Release Date: 03-02-2010
  • Publisher: Audible Studios