Thank you for visiting us. We are currently updating our shopping cart and regret to advise that it will be unavailable until September 1, 2014. We apologise for any inconvenience and look forward to serving you again.

Wiley
Wiley.com
Print this page Share

No One Would Listen: A True Financial Thriller

ISBN: 978-0-470-55373-2
376 pages
March 2010
No One Would Listen: A True Financial Thriller (0470553731) cover image
Harry Markopolos and his team of financial sleuths discuss first-hand how they cracked the Madoff Ponzi scheme

No 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 hand
  • Describes how Madoff was enabled by investors and fiduciaries alike
  • Discusses how the SEC missed the red flags raised by Markopolos

Despite repeated written and verbal warnings to the SEC by Harry Markopolos, Bernie Madoff was allowed to continue his operations. No One Would Listen paints a vivid portrait of Markopolos and his determined team of financial sleuths, and what impact Madoff's scam will have on financial markets and regulation for decades to come.

See More
Foreword.

Who's Who.

Introduction.

Chapter 1: A Red Wagon in a Field of Snow.

Chapter 2: The Slot Machine That Kept Coming Up Cherries.

Chapter 3: Falling Down the Rabbit Hole.

Chapter 4: Finding More Peters (to Pay Paul).

Chapter 5: The Goddess of Justice Wears a Blindfold.

Chapter 6: Didn't Anyone Want a Pulitzer?

Chapter 7: More Red Flags Than the Soviet Union.

Chapter 8: Closing the Biggest Barn Door in Wall Street History.

Chapter 9: Soaring Like an Eagle Surrounded by Turkeys.

Epilogue: Mr. Pinkslip Goes to Washington.

Appendix A: Madoff Tops Charts; Skeptics Ask How.

Appendix B: The World's Largest Hedge Fund Is a Fraud.

Appendix C: Online Resource Guide for the Classroom and Beyond.

A Note on Sources.

About the Author.

Acknowledgments.

Index.

See More
HARRY MARKOPOLOS, a former securities industry executive turned independent financial fraud investigator, was the whistleblower who provided credible and detailed evidence several times from 2000–2008 that should have prompted an immediate investigation by the United States Securities and Exchange Commission into Bernie Madoff's $65 billion Ponzi scheme. Markopolos's investigation was assisted by his investigative team, including Frank Casey, Neil Chelo, and Michael Ocrant.
For additional information and resources, visit www.noonewouldlisten.com
See More
[STARRED REVIEW] Markopolos, the whistleblower who filed five unheeded complaints against Ponzi king Bernie Madoff over nine years, has produced an astonishing true-life whodunit set amidst the personalities, plots, and international intrigue of Wall Street. Having collected damning information on money manager Madoff-the respected co-founder of NASDAQ who ran the largest financial scam in history-since 1999, Markopolos's work as a chartered financial analyst and certified fraud examiner, aided by an industry journalist and two colleagues from his days as a derivatives portfolio manager, lays bare the Security and Exchange Commission (SEC) as a tragically inept regulating agency that "didn't give a rat's ass about protecting investors," and seemed to consider Madoff "just another guy cutting some corners." Realizing he had not one but two powerful opponents-"Madoff and this nonfunctioning agency"-Markopolos refused to give up, despite fearing for his life and his family; accordingly, he transmits his team's determination and fascination in contagious detail. The hows and whys of Madoff's eventual arrest, Markopolos's subsequent appearances before Congress, and the carnival of press coverage makes a satisfying conclusion to this strange epic; Markopolos also includes complete documentation of his formal submissions to the SEC, plus his recommendations for much-needed reform at the agency. (Mar.) (PublishersWeekly.com, March 29, 2010)

"…a salutary tale and the detailed regulatory lessons offered in the epilogue deserve attention." (Financial Times, March 2010)

See More
March 01, 2010
Wiley Announces the March 2nd Publication of NO ONE WOULD LISTEN: A True Financial Thriller

NO ONE WOULD LISTEN: A True Financial Thriller (Wiley; March 2; $27.95; Hardcover), is the story of Harry Markopolos, the whistleblower who uncovered Bernie Madoff’s Ponzi scheme 10 years before the rest of the world learned of the biggest financial crime in history.  While a lot has been written about Madoff’s scam, few actually know the dramatic details of how Markopolos and a small group of sleuths, who he dubbed “The Foxhounds,” went about investigating and slowly peeling away the layers of fraud that reached around the globe.

Markopolos submitted irrefutable proof about Madoff’s scheme to the S.E.C. four different times.  Unfortunately, no one listened; until the damage to investors reached into the multi billions.  Since that time, Markopolos has openly testified and questioned the enforcement and fraud investigation capabilities of the Securities and Exchange Commission and has become one of the world’s most visible and insightful whistleblowers.

In NO ONE WOULD LISTEN, Harry Markopolos:

  • Provides a first hand account of the S.E.C.’s negligence in following up on a whistleblower’s repeated warnings to investigate Madoff.  Markopolos describes how time and time again, the S.E.C. ignored the proof that would have stopped Madoff’s scam before so many billions of dollars were lost.
  • Markopolos’ account shows how weak Wall Street’s “watchdog” is in providing investors protection against serious crimes.
  • Describes how Madoff was enabled by investors and fiduciaries alike.  Many people in the financial industry knew or suspected that Madoff was not legitimate, yet no one wanted to mess with the profits flowing from Madoff’s “investments.”
  • Reveals the story behind Markopolos’ many attempts to expose Madoff and protect investors.  The irony:  the true Sherlock Holmes of Wall Street was one committed individual and his team, not an army of investigators within the S.E.C.
  • Markopolos discovered that European funds were heavily invested in Madoff.  He knew that offshore funds are often used by those trying to hide their money, including organized crime and drug lords.  After consulting with trusted law enforcement authorities, Markopolos began fearing for his life.  He realized there were people who would kill to protect their billions of dollars.

NO ONE WOULD LISTEN ends with a list of concrete recommendations Markopolos was asked to make in 2009 to the S.E.C. and the Senate Banking committee in order to turn the S.E.C. into the effective regulatory force it is meant to be.  However, the question remains:  Is anyone listening now?

See More
Buy Both and Save 25%!
+

No One Would Listen: A True Financial Thriller (US $27.95)

-and- Million Dollar Consulting Proposals: How to Write a Proposal That's Accepted Every Time (US $24.95)

Total List Price: US $52.90
Discounted Price: US $39.67 (Save: US $13.23)

Buy Both
Cannot be combined with any other offers. Learn more.
Back to Top