Wednesday, 30 July 2014
Last updated 15 hours ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…