Publisher's Synopsis
Each year many people worldwide are conned out of their money due to fraudulent activity. THE MADOFFS AMONG US shows you in graphic detail why and how people fall prey. Most importantly, it shows you how to easily identify the people who perpetrate these crimes and avoid their deceitful practices. Why do smart people fall for these cons? What are today's most common scams? And how can you avoid becoming a victim? Many people abdicate their responsibility to participate in the investment process because they just don't know much about financial planning and they rely upon an advisor. THE MADOFFS AMONG US arms you with tangible and simple actions to protect your wealth, no matter its size. From the very first chapter, you will appreciate why good advisors are worth their weight in gold and bad advisors could cost you a fortune. The real-life examples of fraud are numerous and alarming, but THE MADOFFS AMONG US gives you the concrete measures you can take to minimise the possibility of being ripped off. Bernard Lawrence "Bernie" Madoff, born April 29, 1938, is an American fraudster and a former stockbroker, investment advisor and financier. He is the former non-executive chairman of the NASDAQ stock market, and the admitted operator of a Ponzi scheme that is considered the largest financial fraud in U.S. history. Prosecutors estimated the size of the fraud to be $64.8 billion, based on the amounts in the accounts of Madoff's 4,800 clients as of November 30, 2008.
