How Bernie Made Off: Are we safe from the next Ponzi scheme?
Bernard Madoff may be a fading memory from the past, but for reporter Steve Fishman, the fallen financier’s story holds lessons for today. Madoff masterminded one of the biggest Ponzi schemes in history, duping thousands of investors out of tens of billions of dollars. His scam rocked Wall Street for years.
In this episode, we trace the rise and fall of Madoff through Fishman, who spent years interviewing investors, regulators and even Madoff himself from inside federal prison. We learn how Madoff pulled off his scam, and why nobody caught on for decades. We also hear from experts who say that investors still are vulnerable to financial fraud, especially in the era of bitcoin and other cryptocurrencies.
Head over to revealnews.org for more of our reporting.
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