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Titles appearing in Reference — Research Book News — December 2011
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The believers; how America fell for Bernard Madoff's $65 billion investment scam. (reprint, 2009)

Lebor, Adam.
Phoenix Publishing, ©2010    288 p.    $16.95    HV6768
978-0-7538-2743-7

When it was revealed in 2008 that New York financier Bernard Madoff had been operating a massive Ponzi scheme, probably the largest in history, it produced shock at both the size of the operation and the way that Madoff had particularly targeted wealthy individuals and institutions of the American Jewish community. In this work, Lebor (a reporter with the British daily, The Times) describes the history of the Madoff family; his rise to financial prominence; his legitimate and criminal modes of operation; the power structures, communal psychology, and "tribal codes" of Madoff' biggest investors; the network of relationships that characterized Madoff's financial world; and the reasons Madoff's victims invested so heavily in the scheme. Distributed in the US by Trafalgar Square. (Annotation ©2011 Book News Inc. Portland, OR)