详细中文书讯.doc

Vicky Chen (vicky-chen@bigapple1-taipei.com)

《馬多夫騙局》

MADOFF

Corruption, Deceit, and the Making of the World's Most Notorious Ponzi

Peter Sander

前美國那斯達克主席、股市傳奇人物馬多夫如何主導

史上最大的金融騙局Paperback 256 pages

出版社：The Lyons Press /Globe Pequot Press

（03/24/2009）分類：Non-FictionISBN 13: 978-1-59921-811-3

審閱資料: 部份章節電子手稿

2008 年底，在金融風暴中爆發了華爾街有史以來最大的弊案，前美國那斯達克主席、「馬多夫投資證券公司」創立者、股市傳奇人物馬多夫被控以「龐式騙局」詐騙了超過 500 億美元。以短期暴利做誘餌，拿後來投資者的錢支付先前的投資者，類似老鼠會的「龐式騙局」不斷

誘騙獲利者持續將獲利投入。

許多有錢人如美國職棒大聯盟紐約大都會隊老闆彭爾彰都是他的受害者，英國最大銀行集團匯豐銀行、西班牙最大的桑坦德銀行以及法國最大的巴黎銀行，也深受其害。其中市值最高的匯豐銀行損失高達 10 億美元。

Peter Sander 從馬多夫的求學時期開始追蹤，將揭露這個曾獲同儕選為最喜愛最尊崇的避險基金經理人，當過美國那斯達克主席的風雲人物，如何打造這個世紀騙局，以及馬多夫騙局所引發的超乎想像的嚴重後果。

Review

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Vicky Chen (vicky-chen@bigapple1-taipei.com)

“If you had said to me that Bernie was going to be chairman of the

NASDAQ and make all this money, I never would have believed it

possible." -- Fletcher Eberle, Far Rockaway High School classmate

and swim team co-captain  

“The will to believe something that is convenient to believe is strong

in all realms.”--  Kurt Anderson, novelist and host of public radio’s

Studio 360

About the Book

In December 2008, with financial crisis sweeping America and the

globe, Bernard “Bernie” Madoff, a leading Wall Street figure and

former chairman of the Nasdaq Stock Market, reportedly made a

stunning admission: For years he’d bilked thousands of investors

worldwide—from wealthy individuals and hedge funds to charities,

synagogues, and colleges—to the tune of $50 billion. Overnight, the

term “Ponzi scheme”—a fraudulent investment strategy that pays

returns to early investors with money invested later by others—

became synonymous with Madoff’s name.

In the first comprehensive account of this epic scandal, Peter Sander

traces Madoff’s rise from schoolboy to Wall Street trader, from

money maker to money manager. His gripping narrative examines

how Madoff built his brand by infiltrating influential circles, how the

scheme came unraveled, and how Madoff—a Jew whose arrest has

been called “fodder for the bigots”—ironically wreaked grievous

damage to Jewish organizations in particular. Sandler asks: How did

Madoff convince so many sophisticated investors to part with their

fortunes without asking questions? How did he elude regulators for

years? And how can we, as prudent investors and citizens, avoid

such a debacle?

Also included:

- A chronology of events

- A list of victims and how much they lost

Vicky Chen (vicky-chen@bigapple1-taipei.com)

- The full text of the now famous 2005 report by financial fraud

investigator Harry Markopolos warning the Securities and Exchange

Commission of Madoff’s dealings

【關於作者】

Peter Sander 是的財經作家與金融顧問。曾著有 18 本書，如《城市排名和等級》（Cities Ranked and Rated）、《價值投資》(Value Investment for

Dummies)和《短線交易完全手冊》(The Complete Idiot's Guide to Day

Trading Like a Pro)等。活躍於各平面與電視媒體如 NBC Today、CNN、Fox

News 等。曾為 Market Watch 與 TheStreet.com 撰寫專欄。

About the Author

Peter Sander is a professional writer, researcher, and consultant in

the fields of personal finance, general business and location

reference. His 18 book titles include The 250 Personal Finance

Questions Everybody Should Ask, Green Christmas, The Pocket

Idiot’s Guide to Living on a Budget, Value Investing for Dummies,

Everything Personal Finance and the Frommer’s R Cities Ranked &

Rated series. He has developed over 200 personal finance columns

for Market Watch and TheStreet.com, and has appeared on NBC

Today, CNN, Fox News, and a variety of radio and print media.

Education includes an MBA from Indiana University and completion

of Certified Financial Planner (CFPR) education and testing

requirements. Experience includes 20 years as a marketing program

manager for a Fortune 50 technology firm and over 40 years of

active investing. He lives with his wife Jennifer Basye Sander and

two sons in Granite Bay, CA.

【Outline】Madoff: Corruption, Deceit, and the Making of the World's Most Notorious

Ponzi Scheme.

Headline quote: “The will to believe something that is convenient to believe is strong

in all realms.”

- Kurt Anderson, novelist and host of public radio’s Studio 360

Introduction

Vicky Chen (vicky-chen@bigapple1-taipei.com)

- Starts with text from madoff.com site, builds out with size and scope of

scandal, questions around Madoff’s motives and other questions it

raises, book’s approach to answering them

Chapter 1: Ponzi, and Other Wall Street Schemes

- Michael Milken, Kenneth Lay, Nick Leeson, others ?? Who was

Ponzi? What was his scheme? Other famous Ponzi schemes

Chapter 2: Queens Kid Makes Good

- Birth, early life, where he came from, childhood, education, early

career. becoming a Wall Street trader

Chapter 3: Building the Madoff Brand

- From market maker to money manager, the evolution of BM

Securities, from making money to managing other people’s money,

early investigations, Harry Markopolos, others. “Wall Street Pioneer” –

electronic trading, day trading, front running, paid for order flow,

option strategies

Chapter 4: Blind Trust: Recruiting the Best and the Brightest

- How he infiltrated wealthy circles, Jewish circles, international circles.

Sales pitch and tactics, feeder funds (“Follow the Feeder”), what the

statements did and didn’t reveal

Chapter 5: One Step Ahead of the Regulators

- The 8 investigations, Harry Markopolis, what SEC did and didn’t do

and why, what Congress had to say, what it might lead to.

Chapter 6: “It’s All Just One Big Lie”

- Confession, arrest, indictment, early criminal case,

Chapter 7: Collateral Damage

- Who he ruined, how much, what victims had to say, suicide story,

direct investors, feeder funds, how much everyone will recover. Impact

Vicky Chen (vicky-chen@bigapple1-taipei.com)

on Jewish community, charity/foundation community, investment

adviser profession and community.

Chapter 8: Chosen Again

- A deeper examination of Jewish community involvement and impact.

Quote: Laura Goldman, Tel Aviv money manager to Palm Beach Post

“Jews had more faith in Bernie Madoff than they did in God”)

Chapter 9: The Psychology of Trust

- What makes an investment crook tick, why they do what they do, how

and why it works Also, the psychology of investors who follow

blindly, why it works, how to avoid it

Chapter 10: The Madoff Legacy

- “If it’s too good to be true,” what you as investor should do, how to

avoid or reduce risks of investing scandals

- Long term impacts of Madoff scandal

Appendix A: Chronology

Appendix B: Victims: who and how much

Appendix C: SIPC detail, what it covers, what it doesn’t

Appendix D (TBD): Text of 17-page Markolis letter to SEC attempting to expose

Madoff

Appendix E: Sources of additional info, websites, etc.