Thursday, June 3, 2010
THE BIGGEST PONZI SCHEME
The Madoff Circle: Who Knew What?
When Bernard Madoff pleaded guilty to running the biggest Ponzi scheme in history, he insisted he was the lone perpetrator, asserting that no one – not his family, not his colleagues, not his friends – knew of the fraud.
But an alternate narrative is emerging from the pile of Madoff-related civil suits and court motions that have been filed in the last two years – one in which a small circle of men played knowing, integral roles in the scheme, in some cases benefiting more from it than even Madoff himself.
READ MORE AT :http://www.propublica.org/feature/the-madoff-circle-who-knew-what
If this story is of interest, please read the following:
“The Swindler” by Michelle Kaye Malsbury
Publisher: All Things That Matter Press
Genre: suspense, thriller, mystery, fiction
How easy is it for an investment broker to deceive clients? Very, particularly if his personal hero is Bernie Madoff. Skip Horowitz, along with his old pal A.J., has created what they believe is a foolproof scheme using commodities trading, bookmaking, and various other businesses as covers. Their plan has served them well for decades, surviving the scrutiny of government agencies lacking solid proof to support any allegations of wrongdoing. But luck can't hold forever...or can it? Catherine O'Reilley, newly sponsored in the high-risk world of investment strategy by Skip Horowitz, is about to find out.
About the Author
Michelle Malsbury was born and raised in Champaign, Illinois. Currently she resides in Florida. She holds a Bachelors of Science in Business Management and a Masters Degree in Business Management. She has just completed her first year of doctoral studies in the discipline of Conflict Resolution and Peace Studies with high hopes of helping to build nations and sustain peaceful interactions around the globe.
Here’s What Others Are Saying About “The Swindler”:
Judy Ramsook from the Austin News Service, Austin, TX 4/9/10 Review for “The Swindler”:
In The Swindler, by Michelle Malsbury, you will find yourself being pulled in to a fictional tale of romance and a lot commodities swindling through the eyes of a third person narrator.
So come along and meet true to life and memorable characters such as: Catherine, The Realtor/Commodities Broker, Connie, Catherine’s best friend, Shamus, Real Estate Broker and the man who thinks he is the right man for Catherine and last but not least, Skip Horowitz, a ruthless Ponzi Schemer who is being investigated by the Feds.
It’s a gripping tale that will make you want to keep turning those pages to see what happens next.
Set in Key West, Florida, the author displays her vast love for and knowledge of the area so well, that if you have not been there and know nothing about Key West, perusing The Swindler, by Michelle Malsbury will indeed give you a rich education into that paradise.
So come on and enjoy this well written and detailed tale and see if Catherine really thinks Shamus is the right man for her, and if the elusive Skip Horowitz gets the justice he so deserves.
I enjoyed it and I think you will too.
Mike Fentem, longtime friend of Michelle Kaye Malsbury, review for The Swindler on 5/21/10:
I've known Michelle since she was fifteen or sixteen years old. We grew up in the same small town in Illinois and went to the same schools, pools, and parks. She was always fun and had a good imagination. I'll be the first to admit that back then who would have thunk that she would become a author? However, I have had the pleasure of reading both of her books and have found them to be well written and fun reading! The characters are inventive and interesting. The stories take places in fun and exotic locales. The plot builds from chapter to chapter keeping the reader engaged in what may occur next and how it will all end. The main character, Skip, is a enigma himself with a ego larger than life. His thirst for money and fast women was second to none, but I liked getting to know him while reading this book. Besides having little, to no, scruples, he does manage to keep his ponzi scheme and other illigitimate business endeavors pretty secret for a number of years while he rakes in oodles of cash and stashes it all around the globe. However, can he outlast the SEC and other regulatory agencies, who is hot on his tail or is his time up? I truly enjoyed The Swindler and I believe you will too!
Thomas Keyes Review for The Swindler by Michelle Kaye Malsbury, 5/14/2010:
The Swindler is a fast-moving, hard-hitting account of a swindler who, with his batch of subalterns, ran a Ponzi scheme in Key West and elsewhere. The tale is so realistic and convincing that you can hardly believe that it didn’t really happen and that the authoress is not in there somewhere, perhaps as Catherine, the honest realtor who gets embroiled in the mess.
The racket consisted of selling counterfeit commodities futures mostly to fairly well-heeled middle class types, and following up by generating bogus statements showing earnings. It may be difficult to feel overly compassionate for someone worth several hundred thousand dollars who gets stung for fifty, but there are a lot of smaller victims too.
The most touching was a young girl in Central America whom Skip, the swindler, got pregnant. She was hoping this pregnancy would bind them together and enable them to live a beautiful life. Then the blow fell. Skip was arrested and prosecuted, and the girl’s dreams flowed away in tears.
The pages are full of unsavory characters, and the action moves from Florida to the Bahamas to Costa Rica to Las Vegas.
The language is earthy. Read it, you’ll like it.
Billy O’Toole Pre-review for The Swindler by Michelle Kaye Malsbury, BSBM, MM
During a long and successful career in the trucking business, I always carried a stack of books to entertain myself and hopefully learn a little something also. One of my favorites was Steven Frey because he always had some insights into the dark side of finance along with great characters. Move over Frey and make room for Michelle Malsbury!
The Swindler has great characters, some lovable, and some not, but all believable. Indeed, I felt like I already knew many and were acquainted with several others. There were the obvious evil ones but the mindset of good ones being led along and seduced by money and the good life was particularly poignant.
When my business blew up because I had no customers anymore, I began to study finance moved to being a Senior Financial Consultant. In the process of interviews and study I felt like I met many of her characters, things just didn't feel right, but oh so seductive!
All this set in quirky and sultry southern Florida, I could feel the humidity, see the pastels, and revel in the ambience. What more could anyone want in book?
Senior Financial Consultant
Southern Commercial Corp
Marilou Trask-Curtin Review for TheSwindler:
Michelle: First of all, congrats on an absolutely incredible book!!! Have you also written this as a screenplay????!!!! Would be amazing to watch and the timing seems right as well.
The Review: "The Swindler" - an incredibly fast-paced roller-coaster ride through the world of illegal commodities trading with enough sun and sin to heat up every reader's day (and night.) Michelle Malsbury at her finest! A definite must read! Marilou Trask-Curtin, Author of "In My Grandfather's House:
www.amazon.com link for The Swindler and Kindle Reader orders (see above)