Insider Trading in Madoff Settlement?

  First, we read that savvy investors were paying 20 cents on the dollar to Madoff victims for their claims. Quickly, inexorably, not surprisingly—investor bids ticked up to 25 and 30 cents. Then, we read that Jeffry Picower's widow settled with...

Top Ten Ways to Spot Financial Fraud

The news about Bernard Madoff never stops. According to The New York Times this morning, the Madoff trustee is seeking $19.6 billion from an Austrian banker. And moments ago we learned that Mark Madoff committed suicide. With the loss of his son, I...

Beach Reading without Congressional Oversight

There's plenty to discuss from the headlines these days. But this summer I've been buried with edits to my next novel, The Gods of Greenwich. And I'm staring at a few deadlines now. With this post, however, I'd like to take you back to the summer...

Madoff: “Screw the Victims”

I just returned from Nino’s in Manhattan, where the authors of The Club No One Wanted to Join gathered to discuss their book. They are a group of twenty-nine investors in Madoff’s Ponzi scheme. Their book describes the change in their lives since the...

Club Madoff

The Club No One Wanted To Join-Madoff Victims In Their Own Words Twenty-nine Madoff victims have banded together to tell their stories. Their book is appropriately entitled: The Club No Wanted to Join—Madoff Victims in Their Own Words. My copy has not shipped yet. So...