The Club No One Wanted To Join-Madoff Victims In Their Own Words Review

The Club No One Wanted To Join-Madoff Victims In Their Own Words
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The Club No One Wanted To Join-Madoff Victims In Their Own Words ReviewThis book tells the story that the mainstream media forgot ... or didn't want ... to tell. These are the stories of everyday Americans ... entrepreneurs, such as Allen Goldsten, who worked hard his entire life, took the money from the sale of his business, and invested it with a man who, despite his glowing reputation as Chairman of Nasdaq, was a common crook.
The victims in this book were let down on multiple occasions -- first by Madoff himself, then by the SEC who did not do its job, and finally, by the SIPC whose logo on the statements assured many that their funds were insured for up to $500,000. Then, of course, there are the thousands whose IRAs and Pension Plans were with Madoff, and many did not even know they'd lost the funds until days, or even weeks, after Madoff's arrest. The laws that the victims thought were there to protect them are actually being used against them.
With Ponzi schemes and other frauds being discovered at the rate of several a week, this is a must-read for anyone who has a brokerage account and thinks it cannot happen to them.
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