The Numbers Just Didn't Add Up
Read No One Would Listen by Harry Markopolos and it's easy to see how the economy ended up in such a sorry state. Markopolos was a numbers whiz who, early on, realized that Bernie Madoff was pulling a fast one--because his numbers just didn't add up. He spent years trying to convince the SEC that Madoff was running a Ponzi scheme and defrauding his customers, to no avail. The book is a stunning indictment of the SEC--and of the lack of knowledge SEC staffers have about the financial markets. Even though you know Madoff will get caught when you start the book, you can't stop reading.
Read No One Would Listen by Harry Markopolos and it's easy to see how the economy ended up in such a sorry state. Markopolos was a numbers whiz who, early on, realized that Bernie Madoff was pulling a fast one--because his numbers just didn't add up. He spent years trying to convince the SEC that Madoff was running a Ponzi scheme and defrauding his customers, to no avail. The book is a stunning indictment of the SEC--and of the lack of knowledge SEC staffers have about the financial markets. Even though you know Madoff will get caught when you start the book, you can't stop reading.
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