No One Would Listen: A True Financial Thriller

Harry Markopolos, Author, Frank Casey, With, Neil Chelo, With Wiley $27.95 (354p) ISBN 978-0-470-55373-2
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.
Reviewed on: 02/22/2010
Release date: 02/01/2010
Genre: Nonfiction
Paperback - 376 pages - 978-0-470-91900-2
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