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.
] 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.)
, March 29, 2010)
"…a salutary tale and the detailed regulatory lessons offered in the epilogue deserve attention." (Financial Times, March 2010)