Summary of Diana B. Henriques's The Wizard of Lies

By IRB Media

Get the Summary of Diana B. Henriques's The Wizard of Lies in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: These questions have fascinated people ever since the news broke about the respected New York financier who swindled his friends, relatives, and other investors out of $65 billion through a fraud that lasted for decades. Many have speculated about what might have happened or what must have happened, but no reporter has been able to get the full story -- until now.

In The Wizard of Lies, Diana B. Henriques of The New York Times -- who has led the paper's coverage of the Madoff scandal since the day the story broke -- has written the definitive book on the man and his scheme, drawing on unprecedented access and more than one hundred interviews with people at all levels and on all sides of the crime, including Madoff's first interviews for publication since his arrest. Henriques also provides vivid details from the various lawsuits, government investigations, and court filings that will explode the myths that have come to surround the story.

• Language: English
• Publisher: IRB Media
• Release date: Nov 27, 2021
• ISBN: 9781638158639

IRB Media

With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

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Insights on Diana B. Henriques's The Wizard of Lies

Contents

Insights from Chapter 1

Insights from Chapter 2

Insights from Chapter 3

Insights from Chapter 4

Insights from Chapter 5

Insights from Chapter 6

Insights from Chapter 7

Insights from Chapter 8

Insights from Chapter 9

Insights from Chapter 10

Insights from Chapter 11

Insights from Chapter 12

Insights from Chapter 13

Insights from Chapter 14

Insights from Chapter 15

Insights from Chapter 16

Insights from Chapter 17

Insights from Chapter 1

#1

As the fraud began to unravel, Madoff started taking large withdrawals from his clients’ accounts. His threats to close the accounts of Fairfield Greenwich if they didn’t replace the withdrawn money were met with bluffs from Madoff, who said that plenty of other institutions would be happy to take the clients’ money.

#2

At around 4 p. m. , the board of the Gift of Life Bone Marrow Foundation met to discuss how to proceed with the fund.

#3

At the end of the meeting, it was decided that a fund-raising committee would be formed to solicit donations from the members.

#4

The author’s father-in-law, Peter Madoff, was the chairman of the board of the NASDAQ stock market, and the head of the family investment business. In 2008, his brother Bernie, the chief investment officer of the company, was arrested for running a $50 billion Ponzi scheme.

#5

Peter, the lawyer, explained that he would be distributing the bonuses and sending out redemption checks. He needed just a few days more to tell the family.

#6

On December 12, 2009, Mark, Andrew, and their father, Bernie, went to their apartment on East Sixty-fourth Street.

#7

The family climbed into the back of the black car together. Ruth was in shock, and her husband, Mark, was in despair.

#8

It was not until around 1 p. m. that the authorities were notified of the confession. The FBI and other investigative agencies began to gather information on the case.

#9

The day after the fraud was exposed, Bernie returned to the office, but nobody recognized him. Some believe he went straight to the seventeenth floor, where Frank DiPascali and some of his small crew were working on the checks he planned to distribute.

#10

The author attended two Christmas parties that year. One was at Rosa Mexicano, the other at the Plaza Hotel.

#11

On December 12, 2009, FBI agents arrested Bernard Madoff, who had been running a massive Ponzi scheme.

#12

Peter Squillari, one of the few people left in the world who knew the truth about Bernie's investment business, was shocked to hear that his boss had been arrested for securities fraud.

#13

On December 10, 2011, FBI agents arrested Bernard Madoff.

#14

The prosecutors wanted to question