Book Review | The Club No One Wanted to Join
Before reading “The Club No One Wanted to Join: Madoff Victims in Their Own Words”, I erroneously believed that the majority of people who had lost big while investing with Bernard Madoff were the mega-rich. Sadly, most were hard working middle class Americans who lost their entire life savings. What happens to a person that has lost everything after working their entire lives to save for their families or retirement?
For 14 years I was a social worker in healthcare protecting our frail elderly from physical, emotional and financial exploitation. The more that I read the stories of 29 Madoff victims (many of whom are elderly) it brought about deep feelings of anger and sadness within me. I was also inspired by feelings of hope and courage as they continue to face financial ruin and adversity on a daily basis. Particularly devastating is that many of the victims knew Bernard Madoff personally or were referred to him. It is easy for me to imagine my elderly grandfather trusting a close acquaintance and potentially being taken advantage of in a Ponzi scheme. What lessons can we learn from the “survivors” as many victims prefer to see themselves and how can we protect ourselves and our families in the future? I would encourage everyone that wants the answers to these questions to read this book…………
*I received a copy of this book to review but I was not financially compensated in any way. The opinions expressed are my own and are based on my observations while reading this novel.*