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.
Avid audible listener for over 10 years.
I purchased this book because I like finance stories. At 13 hours, however, it gets rather tedious at times. This is the story of the man who first discovered Bernie Madoff's Ponzi scheme. The parts of the book that talk about the discovery are interesting. But a large part of the book is a big rant against the Security and Exchange Commission (SEC). In fact about 3 of the total 13 hours is nothing but a big rant. Okay, okay the SEC messed up. Got it in the first hour.
It also has some odd stories about the author fearing for his life and buying guns and checking for bombs under his car. However, there is no proof whatsoever that the Russian Mob was after him, that Bernie Madoff ever thought of hiring a hit man, or the SEC was out to "get" him. Made the author sound like a total paranoid.
Anyways at 13 hours about half is worthwhile listening. The last 2 hours are really not about the Ponzi scheme but people sobbing about their lost money, which also turns into a rant on the SEC. It actually sounded like an attempt for filing a class action suit against the SEC by the author and his lawyers. Sort of put me off.
Audible books are the perfect companion for my 4 mile morning walk!
The narration was good. I'd be reticent to read another book by Markopolos unless I knew for sure that it didn't take the same self-congratulatory tone. One per author lifetime is certainly a sufficient quota.
This book is a great reminder of how badly things can go wrong, and how blind we can be to reality we don't want to see. It's certainly not the first book to tell such a story, but this one goes into such detail, and the whole process went for so long, that it really stands out as a learning opportunity.
I love the outdoors and the warm weather!! And I never leave home with out my I-Nano. It should be surgically placed into my ear. I live and breath for books.
This was my first time listening to a financial thriller. It was informative, & easy to follow. This book is about Bernie" Madoff, a former stockbroker, investment advisor, financier, and white collar criminal. Who created the biggest Ponzi scheme in HISTORY!!! The scheme affected 41 countries and worth $65 BILLION dollars. How the F.C.C. was fore warned time and time again, to become grossly incompetent. And how its still affecting people and companies today.
Scott Brick has narrated another good book. Along with the actual characters of the book.
It was a good reminder for those who lived through the 2008 crisis. For those who didn't pay much attention I believe it would still be a worthwhile listen. Its told in a manner that doesn't require much knowledge about the finance industry but for those who do have it you really get what Harry's saying.
Lots of jaw dropping while listening to the book on the train.
Not bad. Not great. The last hour & half was simply stating how the SEC should be reformed.
Interesting to a point & somewhat unbelievable on how poorly the SEC handled things. What I found comical is how hard the book tried to sell itself as a thriller. Repeated references to how he feared for his life, yet there wasn't one piece of evidence to validate his fear, just pure speculation. Overall, not bad - I just wouldn’t call it a thriller.
There's a good story here, but so repetitious. I get that he is bright, his motives are true and yes he deserves lots of credit for trying to expose this crook, but halfway through the book I'm thinking perhaps there's a reason no one would listen to him. He is admittedly eccentric, possibly comes across in real life as a bit of a crank, and the world tends to not take such people seriously, which in this case is a shame, and a very expensive one.
A modern retelling of the Emperor and his obvious nudity that strips away any vestige of one's faith in unrestrained capitalism while questioning why the wolf -- govenment agencies filled with climbers and cronies -- had been entrusted to guard the sheep. It reminds me of Leonard Cohen's Everybody Knows. Since everyone knew this was a fraud is Mr. Markopolos' well documented subtheme, it puzzles me why he has such respect for his royal French friend who raised billions from other members of royalty and then committed suicide: certainly this man long knew he was involved in a massive fraud and rather than doing anything to stop it, continued to raise more and more money to invest with Madoff, shutting his mind to the conclusive evidence Mr. Markopolos presented to him. Isn't this kind of complicity we now see in the headlines about those who knew of the Penn State scandal but let it go on for years and years and years to the tragic detriment of others. The substance of the crime may be different but the greed and cowardice are the same.
This book would have been much better had it been edited down to about half the length. There was good information but had to listen to the same thing over and over again.
This book is a great practical primer on why regulation in its current state is inadequate--the author would say inept--and presents a compelling argument for the introduction of quantitative methods as part of a the investigative process. The author names names and outs the people who had the Madoff fiasco handed to them, only to find a reason not to pursue it. It is a shocking and credible account of the subtleties of professional motivation on the part of regulators who, assuming they do not screw up too badly at the Commission, find themselves lucrative positions as compliance officers at the companies they once regulated.
Be warned. This is a 13 hour book. At times, it seems like there is a great bottle of wine trapped in a giant vat of sticks seeds and skins...it really needs to be filtered. In fact, this is perhaps the most poorly edited book on the financial crisis I have read to date, and I have read a dozen or more. You might consider waiting for the abridged version, which I can't believe will be more than 6 hours.
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