No One Would Listen: A True Financial Thriller is exactly what the title promises. This is more than another book about the Bernie Madoff scandal, this is a fast-paced, blow-by-blow, true-crime story that you have to hear to believe. In a true David and Goliath tale, the underdog number cruncher uncovers the largest financial fraud in history, and has to fight everything and everyone in the system to bring it down. Harry Markopolos and his team of financial sleuths tell first-hand how they cracked Madoff’s $65 billion Ponzi scheme yet, amazingly, the Securities and Exchange Commission (SEC) refused to hear the truth for nearly 10 years. Told from the perspective of the ultimate whistleblower in modern corporate memory, No One Would Listen is bound to be the definitive narrative of this scandal.
This special edition includes an exclusive 10th chapter available only in audio, featuring testimony from three victims of the Madoff scheme who came in to the Audible studios to share their shocking and heartbreaking stories. In addition, David Kotz, the Inspector General of the SEC, speaks candidly about his investigation. Throughout the audiobook, you’ll also hear scathing commentary from congressional leaders on the blatant failures of the commission. No One Would Listen is more than an audiobook. It's a lasting audio testament to the largest white-collar crime in history.
The Securities and Exchange Commission disclaims responsibility for any private publication or statement of any SEC employee or Commissioner. This audiobook expresses the author's views and does not necessarily reflect those of the Commission, the Commissioners, or other members of the staff.
Click here to listen to Dr. Gaytri Kachroo's speech to the World Legal Forum.
©2010 Fox Hounds, LLC (P)2010 Audible, Inc.
gives you an excellent understanding of how Bernie worked and how inept the Federal Government was figuring this out. Harry's a great citizen!
Did not prefer the narrator: speaks with contempt. did like the other voices brought in for legitimacy and color.
Booo! Markopolos whines, complains, and demeans his way through 10 years of attempting to expose the greatest Ponzi scheme ever. Perhaps my expectations where way off the mark as I was looking for a broader perspective or deeper insight of the entire Madeoff operation and story, maybe an intimate glimpse inside the sausage factory. What I got was No one would listen or Nobody likes me, everybody hates me, guess I'll go eat worms. If you truly enjoy tireless whining and ongoing redundant depreciative remarks (10 years worth) this is a must read / listen.
Markopolos claims a Whistle Blowers status in a circumstance that imploded on its own as he admits it had to as "all Ponzi schemes eventually have to fail". Prevailing GLOBAL circumstances exposed Madeoff more than this crybaby. Like an earthquake geologist sending you anonymous emails (for 10 years) telling you There's going to be an quake! and when it finally happens, he gets some perverse pleasure in saying I told you so and you wouldnt listen you stupid moron. Sorry Harry your messages are in my spam folder!! Brick's narrative is awesome as always.
The book is fantastic. Also shocking, and educational--although I don't pretend to understand most of the financial concepts described. However, Scott Brick is over-dramatic, trying to maintain a level of drama that gets in the way of a truly good story, and that was annoying especially at the beginning of the book. Nevertheless, I'm glad I "read" this one.
This is one of the most fascinating books I have ever listened to. Harry Markopolos is a true hero for putting his career and his own safety on the line to expose the biggest fraud in history. It will make you laugh, cry and if you don't get angry at the incompetence of the SEC (Security and Exchange Commission) you must not be breathing anymore.
Economist. Quant. R-squared approaches 1.00.
Having also been a whistleblower in a multi-billion dollar Wall Street fraud, I believe Harry has perfectly caught the essence of the internal frustration and personal conflict of the story.
Listening to this was a waste of time and money.In my opinion, Mr Markopolis does repeatedly is say "Ain't I Wonderful".
I love this kind of true story. I wanted to love Harry M., and I sort of managed to, but it would have been a lot nicer if he'd had an editor with his best interests at heart. The story gets sidelined with an awful lot of Harry's feelings. He should have left himself out at least half the time and told the riveting story of the investigation straight. It's a great story, and he'd have come off better in the end.
Yes, most definitely.
I can't think of a book, but I can definitely relate it to a documentary I saw on Enron.
The frustration and incredulity was clearly apparent in the narration, which was a big part of the story, and contributed to the title.
Not really, but I still wanted to know what was going to happen next.
I'm glad I listened to this book and even though I was familiar with the Madoff scandal, it was truly fascinating to read about Markopolos and his heroic efforts to get this crime out to the public...and then he stayed with it for 10 years? He did tear the SEC apart when their "day in court" finally came, but they certainly deserved it. I can only hope they're run better now than they were then.
This book is awful. I got it thinking I was buying a book about the Madoff scandal, but this is an autobiography of Harry Markopolos. Unfortunately, Markopolos is a poor subject for a biography, auto or otherwise. Most of the book is about the author's greatness, and the stupidity of everyone else. Although he possesses intellectual and mathematical powers far surpassing those of the average man, Markopolos fails to do anything substantial about Madoff other than repeatedly submitting his suspicions to the SEC and the WSJ, even though they repeatedly ignore him. By his own admission, he never thinks about the thousands of individuals whose lives Madoff will eventually destroy, his only worry is for how the scandal will affect the financial industry. I could forgive Markopolos personal flaws, no one is perfect and it was never his job to police the financial markets, but it is grating how he takes credit for things he did not do. This is particularly apparent during the congressional hearings after the scandal broke, when Markopolos describes his joy and I-told-you-so attitude at the downfall of the SEC. It is the pettiest moment of the whole ordeal.
And make no mistake, this book is an ordeal. It's boring through and through. The only thrilling episodes in this "thriller" happen inside the author's head. Although no one ever threatens his life, Markopolos describes various "measures" he took to protect himself from Madoff, including keeping his children waiting in the car while he checks under the carriage for bombs. When the scandal breaks, his first thought is that the SEC will raid his house to destroy his documents, so he loads a shotgun and later sends his wife to "secretly" give a digital copy of the documents to a friend. I kept waiting for Markopolos to describe the six months he spent in his basement with a tinfoil hat on his head because Madoff was reading his mind.
The performance was serviceable but melodramatic. I wonder if that was a purposeful decision by the narrator, given the melodramatic implausibility of the source material. Overall, I do not recommend this book. If you want a good book about Madoff, you should get The Wizard of Lies, also available through Audible.
This is the kind of styles I like: good pace, cerebral, well-documented, meaty, mind-bending.
The title says it all "A True Financial Thriller." This is not intended as an account of Madoff's fraud but as a thriller of a person in search of the world's largest fraud. Although entertaining, I have to say it fails completely as a personal biography or a thriller, let alone as an explanation of the fraud or the SEC investigation. The problem is that, right at the start, there is little Markopolos knew about Madoff, since he gathered most of what he knew from public sources. Except for the 'mathematical' proof, which should have triggered further investigations, most of the book is spent rambling about other's inability to push further. This also makes for a very poor topic for a thriller.
As a biography, Markopolos is too emotional about his own character to be convincing or interesting. It's initially amusing when he thinks he will get shot by Madoff or robbed by the SEC, without any actual events that would indicate that would happen, but it gets old quick and certainly is not a topic for an entire book. It's also amusing to poke fun at otherwise clueless "financier," i.e., elevated salesmen, but there is so much material there to build on.
Should Markopolos have testified about his experience with Madoff and the SEC? Yes, definitely. Should he had written a book? Not really, nothing to see there beyond what you can find in 5 minutes on the web.
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