Too Good to Be True: The Rise and Fall of Bernie Madoff

By Erin Arvedlund (Portfolio)
The only people happy about Bernie Madoff in 2009 were publishers, who rushed to satisfy our curiosity about history's biggest Ponzi scheme operator. Madoff defrauded investors of more than $50 billion. The winner of the Madoff book sweepstakes is Arvedlund, whose compelling account bristles with outrage at those whose avarice or negligence enabled Bernie. She holds particular contempt for the "dysfunctional" SEC but can't muster much empathy for people who "did more research on buying a car than they did on the man who handled their money." Arvedlund unmasks the real culprit: greed.

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