Description
Book SynopsisHow America fell for financier Bernie Madoff''s $65 billion investment scam.
It was luxurious Palm Beach, by the manicured lawns and Olympic-sized swimming pool, that financier Bernard Madoff ravaged the world of philanthropy and high society he had strived so hard to join, vaporising the assets of charities, foundations and individuals that had trusted him with their funds. It seems nothing was sacrosanct to Madoff, possibly the greatest con-man in history. Even Elie Wiesel''s foundation has lost tens of millions. How could Madoff, a pillar of the Jewish community, do this to a Nobel Laureate and Auschwitz survivor? But Wiesel was hardly alone in trusting the rogue financier. How could some of the most sophisticated and worldly people in America fall victim to a collective delusion for year after year?
THE BELIEVERS answers these unsettling questions. It opens up the clubbish world where Madoff operated, tracing the links from Palm Beach and The Hamptons to t
Trade Review
Adam LeBor explains the Madoff phenomenon brilliantly...a very good analysis * EVENING STANDARD *
His intelligent study offers disquieting glimpses into the fin-de-siecle lifestyle of America's financial elite * SUNDAY TELEGRAPH *
LeBor calls Madoff a modern "schtarker", or gangster, who used technology, charm and brilliant social connections to rule, and, ultimately, destroy. His motivation was deep and determined - the result speaks for itself * CITY.AM *
In these turbulent times we want a morality tale, dressed up with glamour and glitz, about how Madoff seduced and shafted the rich, sophisticated and stupid. LeBor stumps up these rewards in a lively story that will satisfy even the economically literate * THE TIMES *
This book brilliantly answers the "How?" question about Bernie Madoff and his giant Ponzi, or pyramid-selling, scheme. Madoff used a mixture of charm, arrogance and breathtaking cruelty -- Brian Appleyard * NEW STATESMAN *
A fascinating, poignant, subtle portrait of the United States itself -- Simon Sebag Montefiore * SUNDAY TELEGRAPH *
The chilling message of this account is that no regulatory regime, however sophisticated, can ever totally protect us from the chameleon fraudster * THE SCOTSMAN *
LeBor's great strength, in addition to a page-turning journalistic style, lies in his detailed and perceptive analysis of how and why so many so-called experts were fooled for so long * THE OLDIE *
Adam LeBor explains the Madoff phenomenon brilliantly...a very good analysis. -- William Leith * LONDON EVENING STANDARD *
his intelligent study offers disquieting glimpses into the fin-de-siecle lifestyle of America's financial elite * SUNDAY TELEGRAPH *
