Madoff Wistleblower’s Story To Get Hollywood Adaptation?
By Peter Sciretta/March 2, 2010 5:00 pm EST
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His book titled No One Would Listen: A True Financial Thriller, chronicles the story hits stores today. In NY Times’ Sunday Magazine, Markopolos revealed that Hollywood is very interested in turning the movie into a feature film. According to Markopolos, “All the major studios. Sony, Paramount, Tom Hanks, you name it” have contacted him about the rights to his story. No deals are yet in place, but it seems like only a matter of time.
Here is the official description for the book:
For the next ten years, Harry Markopolos and the investigative team he recruited tried desperately to warn the government, the industry, and the financial press that the largest and most successful hedge fund in the industry was a total fraud and that the respected and admired Bernie Madoff was a crook. But No One Would Listen. This is the thrilling, complete story of the pursuit of the greatest financial criminal in history—a chase that put Markopolos’s life in jeopardy, led to international notoriety from his appearance on 60 Minutes, and once again opened the door to questions regarding the true effectiveness of the Securities and Exchange Commission (SEC).
Bernie Madoff was a king of the financial world. He’d helped create NASDAQ and founded one of the most successful broker-dealers in the industry. He was also a beloved philanthropist. But very few people knew about his side business: he was quietly running the largest hedge fund in the world, a fund that eventually spread to over forty nations and handled tens of billions of dollars. Harry Markopolos was a quant, a little-known number cruncher sitting at a desk at a Boston equity derivatives firm analyzing investment products. When a marketer for that firm, Frank Casey, handed Harry a prospectus outlining Madoff’s strategy and asked him to create a similar product, he sat down and looked at the numbers. Literally within minutes Harry knew it was impossible to do. The numbers didn’t add up.
Markopolos’s incredible investigation takes readers inside the financial industry, revealing the never-before-told stories behind the headlines. As he shows, Madoff was a creation of the anything-for-profit culture that has devastated our economy and that perhaps led thousands of industry professionals, who knew about the fraud, to adhere to the industry’s code of silence. No One Would Listen is the frighteningly true story of massive fraud, governmental incompetence, and criminal collusion that has changed thousands of lives forever—as well as the world’s financial system.
via: gointothestory
