The Club No One Wanted to Join
Madoff Victims in Their Own Words
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Narrated by:
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Diane Havens
About this listen
It has been the public's perception that Madoff investors were all extremely wealthy and all belonged to exclusive clubs. This perception has been reinforced by the media and the powers that be. The truth is, with very few exceptions, such as Steven Spielberg, Jeffrey Picower, and Stanley Chais, most were average, small-time investors. They did not belong to exclusive private clubs or any other fancy clubs. They lived an average American life; they worked hard, contributed to society and saved for their retirement years. But in the end that was not enough. No one, it turns out, could protect them from the worst financial criminal in history, Bernard L. Madoff. As a result, they were all thrown tragically into one club none of them ever expected to join: the "club" of victims. This is their story.
This is the first book of its kind about the Madoff Ponzi scheme, in which 29 Madoff investors band together to tell their story without an intermediary, directly to the public and in their own words. Baring private details and exposing the truth about who the real victims are, they don't hold back as to who really enabled the scheme to continue for 40 years. Listeners need to know what the authorities would rather keep from them, or else they are destined to become the next victims. The book's message is: this can happen to anyone.
The authors are men and women just like the average listener. They come from all walks of life - blue collar, white collar- from all parts of the country and at different life stages. These are working-class families, ex-multi-millionaires, professionals, artists, and retirees. They come from Florida, Minnesota, Vermont, New York, New Jersey, California, Pennsylvania, Texas, and other states. They come from different ethnic and religious backgrounds. In short they are regular people, Americans who got sucked into a Ponzi scheme that even the federal government has yet to solve. They all have one thing in common: they were robbed of their life savings by the worst financial criminal in history, Bernard L. Madoff. It is time that the public learns the truth.
This is a story of financial devastation, of lessons learned, of hope and rebirth. It has been more than a year since the fraud came to light and the survivors are now ready to share their experience and the hard-learned lessons with the public.
Though the financial disaster caused major transformations in their lives, transformations which are still ongoing, their spirit has not been broken.
As one of the authors in this book summed up eloquently, "There will always be meaningful work to be done, more fun to be had, and lots more people to love." And in the end, that is the message of hope the authors wish to convey.
©2011 Alexandra Roth, Mary Thomajan, Sarah Fisk, Timothy Murray, Maureen A. Ebel, Robert Halio, RV, Robin Jungreis Swernoff, Jeannene Langford, Elisabetta Sandolo, Allan Goldstein, AKL, Richard M. Friedman, (P)2011 Alexandra Roth Book Project LLCListeners also enjoyed...
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a must have audible book or print, it will amaze u
- By 1mercedeb8 on 11-08-18
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American Spirit
- Profiles in Resilience, Courage, and Faith
- By: Taya Kyle, Jim DeFelice
- Narrated by: Taya Kyle
- Length: 9 hrs and 32 mins
- Unabridged
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From Taya Kyle, New York Times best-selling author of American Wife and widow of “American Sniper” Chris Kyle, an inspiring collection of stories, both personal and drawn from American history, that showcase the resilience of the “American spirit”.
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Just love Taya Kyle!
- By Rebecka R. Murray on 05-14-19
By: Taya Kyle, and others
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The Up Side of Down
- Why Failing Well Is the Key to Success
- By: Megan McArdle
- Narrated by: Mia Barron
- Length: 10 hrs and 38 mins
- Unabridged
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Most new products fail. So do most small businesses. And most of us, if we are honest, have experienced a major setback in our personal or professional lives. So what determines who will bounce back and follow up with a home run? If you want to succeed in business and in life, Megan McArdle argues in this hugely thought-provoking book, you have to learn how to harness the power of failure. McArdle has been one of our most popular business bloggers for more than a decade, covering the rise and fall of some the world' s top companies and challenging us to think differently about how we live, learn, and work.
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Good Book
- By Ray on 05-21-14
By: Megan McArdle
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Bad Paper
- Chasing Debt from Wall Street to the Underworld
- By: Jake Halpern
- Narrated by: Qarie Marshall
- Length: 6 hrs and 37 mins
- Unabridged
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Jake Halpern introduces us to a former banking executive and a former armed robber who become partners and go in quest of "paper" - the uncollected debts that are sold off by banks for pennies on the dollar. As Halpern shows, the world of consumer debt collection is a wild and unregulated shadow land, where operators may misrepresent a debtor's situation, make illegal threats, and even lay claim to debts that are not theirs to collect in the first place.
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An Examination of Bad Debts; its Buyers & Sellers
- By Darwin8u on 08-22-16
By: Jake Halpern
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Making the Case
- How to Be Your Own Best Advocate
- By: Kimberly Guilfoyle
- Narrated by: Kimberly Guilfoyle
- Length: 6 hrs and 52 mins
- Unabridged
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After an 11-year-old Kimberly Guilfoyle lost her mother to leukemia, her dad wanted her to become as resilient as she could be. He wisely taught her to build a solid case for the things she wanted. Creating a strong logical argument was the best way to ensure that she could always meet her needs. That childhood lesson led her to become the fearless advocate and quick-thinking spitfire she is today.
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If you're 20 and need advice...
- By Shelly Dee on 03-22-16
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Glass House
- The 1% Economy and the Shattering of the All-American Town
- By: Brian Alexander
- Narrated by: Bob Souer
- Length: 11 hrs and 7 mins
- Unabridged
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The Anchor Hocking Glass Company, once the world's largest maker of glass tableware, was the base on which Lancaster's society was built. As Glass House unfolds, bankruptcy looms. With access to the company and its leaders, and Lancaster's citizens, Alexander shows how financial engineering took hold in the 1980s, accelerated in the 21st century, and wrecked the company.
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What really happened to the American Dream?
- By Bill on 05-10-17
By: Brian Alexander
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The King of Content
- Sumner Redstone’s Battle for Viacom, CBS, and Everlasting Control of His Media Empire
- By: Keach Hagey
- Narrated by: Gabra Zackman
- Length: 10 hrs and 51 mins
- Unabridged
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Sumner Murray Redstone, once feared as the “mad genius” of media who would dump his CEOs for mere wobbles in his companies’ stock price, had built one of the world’s greatest media empires through a series of audacious takeovers constructed to ensure that he always maintained control. Today he controls 80 percent of the voting shares of both Viacom and CBS, meaning that on a whim he could replace the entire boards of two public companies with a combined value of $40 billion.
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Feels biased. Well researched, but not engaging.
- By Anonymous User on 04-03-19
By: Keach Hagey
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It Was All a Dream
- A New Generation Confronts the Broken Promise to Black America
- By: Reniqua Allen
- Narrated by: Shayna Small
- Length: 12 hrs and 17 mins
- Unabridged
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Reniqua Allen tells the stories of Black millennials searching for a better future in spite of racist policies that have closed off traditional versions of success. Many watched their parents and grandparents play by the rules, only to sink deeper and deeper into debt. They witnessed their elders fight to escape cycles of oppression for more promising prospects, largely to no avail. Today, in this post-Obama era, they face a critical turning point. Interweaving her own experience, Allen shares surprising stories of hope and ingenuity.
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Great statistics and facts
- By Eve on 05-18-19
By: Reniqua Allen
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The Working Poor
- Invisible in America
- By: David K. Shipler
- Narrated by: Peter Ganim
- Length: 15 hrs and 13 mins
- Unabridged
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Nobody who works hard should be poor in America, writes Pulitzer Prize-winner David Shipler. Clear-headed, rigorous, and compassionate, he journeys deeply into the lives of individual store clerks and factory workers, farm laborers and sweat-shop seamstresses, illegal immigrants in menial jobs and Americans saddled with immense student loans and paltry wages. They are known as the working poor.
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Textbook Perfect Discussion of the Problem
- By Cynthia on 07-28-12
By: David K. Shipler
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Wired for Wealth
- Change the Mindsets That Keep You Trapped and Unleash Your Wealth Potential
- By: Brad Klontz, Ted Klontz
- Narrated by: Jonathan Walker
- Length: 6 hrs and 11 mins
- Unabridged
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As financial stress mounts and an economic crash looms, Wired for Wealth shows you that the biggest threat to your financial health is not a recession; it's your brain. Markets go up and markets go down, but one fact holds true: Your money scripts - the unconscious core beliefs you hold about money - will determine whether you win or lose in the long run. But there is hope.
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Get this audiobook today!
- By Sebastien on 08-02-12
By: Brad Klontz, and others
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The World According to Fannie Davis
- My Mother's Life in the Detroit Numbers
- By: Bridgett M. Davis
- Narrated by: Bridgett M. Davis
- Length: 10 hrs and 14 mins
- Unabridged
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A daughter's moving homage to an extraordinary parent, The World According to Fannie Davis is also the suspenseful, unforgettable story about the lengths to which a mother will go to "make a way out of no way" to provide a prosperous life for her family - and how those sacrifices resonate over time. This original, timely, and deeply relatable portrait of one American family is essential listening.
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Fantastic
- By BK on 02-15-19
What listeners say about The Club No One Wanted to Join
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Steve
- 01-12-12
A story everyone should hear
Would you consider the audio edition of The Club No One Wanted to Join to be better than the print version?
Yes.
What other book might you compare The Club No One Wanted to Join to and why?
Any book that doesn't go for the obvious but looks at a part of the story that so much of the mainstream media missed and shows the much wider impact this fraud had on everyday people.
What does Diane Havens bring to the story that you wouldn’t experience if you just read the book?
She brings the storytellers alive, as though they are sitting in the room with you. It adds a richness to the story that I don't think you can get by reading the book.
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4 people found this helpful
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- Mark Regiec
- 09-25-21
Too Close to reality
This book puts a spotlight about our society . Our economy and lives evolve around money. We work hard and try to save as much money as possible. Then we take all our money that we saved and give to a financial group to invest. Then we hope and pray that it all goes well. So we can retire and leave something for the next generation. This book spotlights what happens when things go horribly wrong.
Lastly this spotlights how our society how we wants to blame the victims. NOT blame our government for NOT doing there jobs!! That our tax dollars pay them so well to do. Over A dozen years latter we have NOT changed yet. In the fact that we allow our government to be dysfunctional, incompetent, and disagreeable.
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- Karen
- 07-29-12
Varied group of victims..
I've listened to quite a few of the Madoff books about the big scam, but found this one to be the most interesting. These stories come from the victims themselves, all of whom describe their financial situation, what class they fall into, and how the scandal has affected their lives long term.. One might thing Madoff mostly screwed with the rich, but he didn't. He screwed over working class people, too.. Amazing that one man was so greedy he didn't care what he was doing to people who had very little, but trusted him to help them have a better tomorrow.
The stories themselves are very interesting.. Some of the victims, are as you would suspect, bitter and angry.. Their lives have been forever changed and have become a financial struggle and sometimes, a nightmare.. but then there are the victims who feel this was a chance to grow, to learn from the experience and who harbor no ill will toward Madoff.. Those stories are the really amazing ones.. Not to take away from the victims who are still very angry.. they understandably have a reason to be so...
The book doesn't mention this, but there are quite a few stories told by couples, only told separately, in their own words.. It's interesting how the same situation can affect two married people, sometimes very differently.
When you listen to these stories, you will understand the depth of what Madoff did, and took, from so many working class citizens who just simply could not afford to be taken. Very sad for them..Shame on you Bernie Made-Off!!!!!
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3 people found this helpful
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- Anonymous User
- 05-15-12
One side of the story
Would you recommend this book to a friend? Why or why not?
I live in South Africa and most of my friends are not interested in Madoff but I am fascinated with this Man. I would love to find out why he did this terrible thing. Was it the love of money, power, fame or just greed and because he could get away with it. Perhaps we will never know. Maybe I missed some of the stories in this book but mainly they all seemed to have the same story (a bit like my own story) grew up poor, worked hard all my life, invested carefully, lived simply). Very interesting but I must confess I would have liked to hear from people who were rich and wanted a above average investment when they could have chosen a more safer investment i.e. possibly Lehman Bros. (that would have been a mistake). Perhaps a rich, powerful charity - what happened to the charity. as I said I could be incorrect and possibly I missed those stories.
What was the most interesting aspect of this story? The least interesting?
All the stories were interesting
What three words best describe Diane Havens’s performance?
listenable, pleasant, easy on the ear.
Do you think The Club No One Wanted to Join needs a follow-up book? Why or why not?
possibly for the reasons given above. what happened to the victims - long term
Any additional comments?
I enjoyed the book.
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- May Lou
- 07-17-18
Sad story poor narration
It was tough to get thru this book due to the voice of the narrator. It got s bit redundant as almost all of the stories were the same.
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