Library/Business & Economics/The Wizard of Lies: Bernie Madoff and the Death of Trust

Cover of The Wizard of Lies: Bernie Madoff and the Death of Trust

The Wizard of Lies: Bernie Madoff and the Death of Trust

Diana B. Henriques

Henriques tells the Madoff story as both a giant fraud and a breakdown of trust, skepticism, and institutional oversight.

What stuck

  • Fraud on this scale survives by renting borrowed credibility.
  • Trust is productive, but unexamined trust is an open invitation to abuse.