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A nancia inir tth tory o th gratt invtmnt cana o a tim
In Decembe 2008, with nancial cisis sweeping Ameica and the globe, Benad “Benie” Mado, aleading Wall Steet gue and ome chaiman o theNASDAQ Stock Maket, dopped a bombshell: Foyeas he’d bilked thousands o investos woldwideto the tune o $50 billion. Ovenight, the tem “Ponzischeme”—a audulent investment stategy that paysetuns to ealy investos with money invested late byothes—became synonymous with Mado’s name.In the st compehensive account o this epicscandal, Pete Sande taces Mado’s ise om une-makable Jewish schoolboy to Wall Steet tade, ommoney make to money manage. His gipping na-ative examines how Mado built his band, how heinltated infuential cicles, and how the scheme cameunaveled. And he shows how Mado—whose aesthas been called “odde” o anti-Semites—ionicallyweaked gievous damage to Jewish oganizations.Sande asks: How did Mado convince so manysophisticated investos to pat with thei otunes with-out asking questions? How did he elude egulatoso yeas? How will this change Wall Steet, and howcan we, as pudent investos and citizens, avoid sucha debacle?
P Snd
is a pesonal nance autho,eseache, and consultant. His eighteenbooks include
573 Ways to Save Money
(withJennie Sande; see p. 83),
The 250 Per- sonal Finance Questions Everyone Should Ask,
and
The Complete Idiot’s Guide to Day Trading Like a Pro
. He has developed moe than 200pesonal nance columns o MaketWatch and TheS-teet.com, and has appeaed on
NBC Today, CNNn,
and
Fox News.
He lives in Ganite Bay, Calionia.
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MADOFF
Couption, Deceit, and the Making o theWold’s Most Notoious Ponzi Scheme
Peter Sander
978-1-59921-811-3
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Now available
1-59921-811-9
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$14.95 US/$17.95 CAN
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256 pages
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12/QTY
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Business & Economics / Cuent Events
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Lyons Pess
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AlsO INCluded:
• A chronology of events• A list of victims and how much they lost
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