Diana Blackmon Henriques (born December 1948) is an American financial journalist and author working in New York City. Since 1989, she has been a reporter on the staff of The New York Times working on staff until December 2011 and under contract as a contributing writer thereafter.
Henriques was born in Bryan, Texas, and raised primarily in Roanoke, Virginia, where she was introduced to journalism through the Junior Achievement program at her public high school. [1] Graduating in 1966, she was awarded a scholarship to The George Washington University's Elliott School of International Affairs in Washington, D.C., where she worked on the campus newspaper, The Hatchet. In September 1969, she graduated with distinction, Phi Beta Kappa, from what is now the university's Elliott School of International Affairs. [2] In May 2011, Henriques was elected to the George Washington University Board of Trustees.
Soon after her marriage in 1969 to Laurence B. Henriques Jr., she was hired as the editor of The Lawrence Ledger, a small weekly paper covering Lawrence Township, N.J. After working at several local and regional daily newspapers, including The Philadelphia Inquirer , Henriques joined Barron's magazine as a staff writer in 1986.
In 1989, she was hired by The New York Times, [3] where she earned the 1999 Gerald Loeb Award for Deadline and/or Beat Writing for as part of a team covering the near collapse of Long-Term Capital Management. [4]
In 2003, she was elected to the board of governors of the Society of American Business Editors and Writers [5] and served until 2016. In 2007, she was cited by the New York Financial Writers Association for "having made a significant long-term contribution to the advancement of financial journalism". [6]
At The New York Times, Henriques has worked on several collaborative projects with reporters from other departments. In 2001, she and the national education writer examined serious quality control problems in the nation's scholastic testing industry. [7] After the terrorist attacks of September 2001, she worked with a reporter on the metropolitan desk to cover federal compensation and charitable relief for the survivors of those killed in the attacks. She also chronicled the fate of Cantor Fitzgerald, the Wall Street trading house that lost three-quarters of its work force in the collapse of the World Trade Center. Her work was included in the "A Nation Challenged" section for which The New York Times won a Pulitzer Prize in 2002. [3] [8]
In 2005, Henriques was a Pulitzer finalist for a series of articles, beginning in July 2004, that exposed the financial exploitation of young soldiers by insurance and investment companies. [9] The articles spurred state regulatory action, congressional hearings, legislative changes, cash refunds for thousands of service members and the adoption of more stringent Pentagon rules governing financial solicitations on and around military bases. For her work on those stories, Henriques was awarded the George Polk Award for Military Reporting, the Worth Bingham Prize and the Goldsmith Prize for Investigative Reporting. [10] [11] [12]
Henriques had also worked on the business news team whose coverage of the post-Enron corporate scandals was cited as a Pulitzer finalist in 2003, and she was a member of the reporting team that was named a Pulitzer finalist for its coverage of the financial crisis of 2008. [13] [14]
In 1981–1982, Henriques was a Senior Fellow at Princeton University's Woodrow Wilson School of Public and International Affairs, where she began researching her first book under a grant from the Daniel and Florence Guggenheim Foundation. The book, The Machinery of Greed: Public Authority Abuse and What to Do About It, was published by Lexington Books in 1986. [15]
Henriques also is the author of three other books: Fidelity's World: The Secret Life and Public Power of the Mutual Fund Giant (Scribners, 1995); The White Sharks of Wall Street: Thomas Mellon Evans and the Original Corporate Raiders (Scribners, 2000); and The Wizard of Lies: Bernie Madoff and The Death of Trust (Times Books/Henry Holt, 2011). The Wizard of Lies grew out of her work as the lead reporter in newspaper's coverage of the scandal that erupted on December 11, 2008, with the arrest of Bernard L. Madoff, the founder of a respected Wall Street brokerage firm who confessed in March 2009 to operating a multibillion-dollar Ponzi scheme. [16] [17] In February 2011, The Times published an exclusive interview with Madoff by Henriques, the first writer to visit him in prison. [18] The interview got wide attention, but a few critics complained that The Times had given too much prominence to details about the book for which Henriques conducted the interview. Her editor publicly explained that it was a common practice at the paper to include the name and publisher of books in articles about their newsworthy contents. [19] [20] She is currently working on a book about the beginning of the SEC under FDR.
Henriques is currently on the Board of Trustees of George Washington University, the Audit Committee of the Investigate Reporters and Editors (IRE), and the Advisory Board for the Journalism and Women Symposium (JAWS).
The Wizard of Lies was adapted into a movie by HBO and released in May, 2017. [21] The film stars Robert De Niro as Bernie Madoff and Michelle Pfeiffer as Ruth Madoff. Henriques appears as herself in scenes recreating her interviews with Madoff in prison.
A First-Class Catastrophe: The Road to Black Monday, the Worst Day in Wall Street History was published in September, 2017.
Taming the Street: The Old Guard, the New Deal, and FDR's Fight to Regulate American Capitalism was published in 2023. [22] [23] [24] [25]
Henriques and her husband Larry live in Hoboken, New Jersey. She is Episcopalian.
Starting in September 1997, after a repetitive strain injury, Henriques became the first reporter at the New York Times, and one of the first at any major daily newspaper, to produce all her stories via speech recognition software rather than typing. [26] After a decade, she continued to use the software for major writing projects, including her two books published after 1997. [22] [27]
Deborah Leigh Blum is an American science journalist and the director of the Knight Science Journalism program at the Massachusetts Institute of Technology. She is the author of several books, including The Poisoner's Handbook (2010) and The Poison Squad (2018), and has been a columnist for The New York Times and a blogger, via her blog titled Elemental, for Wired.
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Bernard Lawrence Madoff was an American financial criminal and financier who was the admitted mastermind of the largest known Ponzi scheme in history, worth an estimated $65 billion. He was at one time chairman of the Nasdaq stock exchange. Madoff's firm had two basic units: a stock brokerage and an asset management business; the Ponzi scheme was centered in the asset management business.
Ruth Madoff is an American former bookkeeper and the widow of Bernie Madoff, the convicted American financial fraudster who served a prison sentence for a criminal financial scheme until his death in April 2021. After her husband's arrest for his fraud, she and her husband attempted suicide in 2008. While she had $70 million in assets in her name, after her husband was imprisoned she was stripped of all of her money other than $1–2 million by the government, and by the trustee for her husband's firm, Irving Picard.
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Frank DiPascali Jr. was an American fraudster and financier who was a key lieutenant of Bernie Madoff for three decades. He referred to himself as the company's "director of options trading" and as "chief financial officer". For a number of years, he played a key part in the daily operation of the Madoff investment scandal, later recounting how he helped manipulate billions of dollars in account statements so clients would believe that they were creating wealth for them.
The Madoff investment scandal was a major case of stock and securities fraud discovered in late 2008. In December of that year, Bernie Madoff, the former Nasdaq chairman and founder of the Wall Street firm Bernard L. Madoff Investment Securities LLC, admitted that the wealth management arm of his business was an elaborate multi-billion-dollar Ponzi scheme.
Bunker Ramo Corporation, often shortened to Bunker Ramo, was an American electronics company based in Trumbull, Connecticut. It was founded by George M. Bunker and Simon Ramo in 1964, jointly owned by Martin-Marietta and Thompson Ramo Wooldridge (TRW). The holdings of Teleregister Corporation became part of the new company.
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The Wizard of Lies is a 2017 American television biopic film directed by Barry Levinson and written by Sam Levinson, Sam Baum, and John Burnham Schwartz, based on the 2011 non-fiction book of the same name by Diana B. Henriques. The film stars Robert De Niro as businessman and fraudster Bernie Madoff, Michelle Pfeiffer as his wife Ruth Madoff, and Alessandro Nivola as their older son Mark Madoff. It aired on HBO on May 20, 2017. This is the fourth film featuring De Niro and Pfeiffer, following Stardust (2007), New Year's Eve (2011) and The Family (2013), as well as their first collaboration for television.
John Carreyrou is a French-American investigative reporter at The New York Times. Carreyrou worked for The Wall Street Journal for 20 years between 1999 and 2019 and has been based in Brussels, Paris, and New York City. He won the Pulitzer Prize twice and is well known for having exposed the fraudulent practices of the multibillion-dollar blood-testing company Theranos in a series of articles published in The Wall Street Journal.
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The Wizard of Lies was written by John Burnham Schwartz, Sam Baum and Sam Levinson, based on Diana Henriques' book, with Laurie Sandell's Truth and Consequences also used as additional source material.