No One Would Listen: A True Financial Thriller
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.
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 As 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.
HARRY MARKOPOLOS, a former securities industry executive turned independent financial fraud investigator, was the whistleblower who provided credible and detailed evidence several times from 20002008 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. The retelling of their true story was assisted by David Fisher.
"…a salutary tale and the detailed regulatory lessons offered in the epilogue deserve attention." (Financial Times, March 2010)