On the 29th of June, 2008, Bernie Madoff was sentenced to 150 years in prison. His crime was running the biggest-ever fraudulent scheme in US history, and probably in the history of the world. The prosecutors estimated that Madoff had committed a fraud worth $64.8 billion.
Madoff was a well-respected financier, and this is why investors believed him when he promised consistent profits in return of their savings. Furthermore, he continued to fool his investors, more than 4,800 clients, for a period of over a decade.
So, who was Bernie Madoff? What is a Ponzi scheme? How did Bernie manage to run this fraudulent scheme for such a long time? How was he caught? Find out all about this and much more right here in this book.
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It was okay. I'd hope it would be more detailed.
- Carmina Rodriguez
Bought it starting a four-hour drive and thought there would be some meat and substance to it. Was done less than 30 miles down the road, Other than learning his two sons were both dead hardly learned anything hadn't read before.
Too superficial. Like a Cliff Notes, which is fine but not for having paid $4.
- Lee Pace