It has been the public's perception that Madoff investors were all extremely wealthy and all belonged to exclusive clubs. This perception has been reinforced by the media and the powers that be. The truth is, with very few exceptions, such as Steven Spielberg, Jeffrey Picower, and Stanley Chais, most were average, small-time investors. They did not belong to exclusive private clubs or any other fancy clubs. They lived an average American life; they worked hard, contributed to society and saved for their retirement years. But in the end that was not enough. No one, it turns out, could protect them from the worst financial criminal in history, Bernard L. Madoff. As a result, they were all thrown tragically into one club none of them ever expected to join: the club of victims. This is their story.
This is the first book of its kind about the Madoff Ponzi scheme, in which 29 Madoff investors band together to tell their story without an intermediary, directly to the public and in their own words. Baring private details and exposing the truth about who the real victims are, they don't hold back as to who really enabled the scheme to continue for 40 years. Listeners need to know what the authorities would rather keep from them, or else they are destined to become the next victims. The book's message is: this can happen to anyone.
The authors are men and women just like the average listener. They come from all walks of life - blue collar, white collar- from all parts of the country and at different life stages. These are working-class families, ex-multi-millionaires, professionals, artists, and retirees. They come from Florida, Minnesota, Vermont, New York, New Jersey, California, Pennsylvania, Texas, and other states. They come from different ethnic and religious backgrounds. In short they are regular people, Americans who got sucked into a Ponzi scheme that even the federal government has yet to solve. They all have one thing in common:...
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