Bernard Madoff Library Fails To Entice Book Buyers

Sep 4 2009 | 2:01am ET

The Bernard Madoff scandal may have sold a lot of newspapers, but it certainly isn't selling many books.

The five publishers who scrambled to get Madoff books onto the shelves are not being rewarded. Even the tell-all by Madoff’s one-time mistress, offering such unsavory details as the arch-fraudster’s penis size,  isn’t tempting readers.

Sheryl Weinstein’s Madoff’s Other Secret has sold just 2,000 copies since its release on Aug. 25, according to Nielsen BookScan. That’s despite the huge coverage of her claims of an affair with the Ponzi schemer (and, as this reporter can affirm, the steep discount offered on the book at the Long Island City, N.Y., Costco).

Despite its release a week earlier, Jerry Oppenheimer’s Madoff With the Money has sold only half as many copies as Weinstein’s tabloid tome. The quickest of the quickie books, Gerald and Deborah Strober’s Catastrophe, has found only 3,000 buyers since its publication in March. Andrew Kirtzman’s Betrayal, released on Aug. 11, has sold the same number.

The champion of the Madoff pack so far is Erin Arvedlund’s Too Good To Be True, but it’s a pyrrhic victory, indeed. That retelling of the Madoff story, released on Aug. 11, has sold just 5,000 copies.


In Depth

Direct Lending: What’s Different Now?

Mar 14 2017 | 8:43pm ET

Senior direct lending funds have become riskier over the past four years, with leverage...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of