Bernie Madoff: How to BURN 65.000.000.000 Dollars | The Great Pretender | FD Finance
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- čas přidán 15. 02. 2024
- Bernie Madoff: Mastermind of the Largest Fraud in U.S. History | FD Finance
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December 12, 2008, Bernard Madoff is apprehended by the FBI for what happens to be the biggest fraud in the history of finance. This white-collar criminal embezzled 65 billions of dollars and is bound to spend the rest of his life in jail. His gigantic swindle spanned over 20 years, and tens of people were involved, mostly without knowing it - for instance his wife and two sons.
This documentary tries to decrypt Madoff’s merciless and manipulative mind. Exclusive interviews with his close relations and experts from Harvard and New York University, shed light on this enigmatic character that turned Wall Street upside down. From the big picture to the unknown crucial details, get ready to get inside the mind of the most famous financial swindler of all times.
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One of the smaller things that irritates me about the reporting around Madoff is the repetition of the $65bn figure. There never was $65bn. It wasn't an amount that was stolen - it was the fantasy number he said his fund was worth. His actual theft, awful as it was, amounted to about $17.5bn - which is very, very bad, but I can't help thinking that misreporting as if he'd actually stolen the larger amount, no matter how false, makes a better story. Faced with a choice between printing the truth or printing the legend, well, print the legend, of course!
There’s the concrete “physical” amount, and then there’s how much it was all worth. Including, but not limited to the value of having him actually manage it for you. It’s all about value.
Well said...
Who cares? Honestly. He’s a criminal. He schemed billions. One number doesn’t negate the other.
65bn was the real number. Nostradamus pointed this out in his predictions and Issac Newton always came back to that figure in his alchemy and religious studies and confirmed Nostradamus date. Newton also ran the UK coin mint. Madoff was an a Ellis Island name that is derived from Goldstein which came from the Latin Gold Bug. I can't say anymore here, it's too dangerous.
If these people were manipulated, imagine how the average person is being manipulated. These people have access to financial wealth and an abundance of information.
You are right! The dude who wrote the big short! Wrote flash boys! The elite own the fiber optic cable on trades and satellites. They know a 10th of a second before you. The book is great
64 million bumpkins voted for an obvious ignoramus they actually heard confess to/brag about assaulting young women. The American project is teetering.
They were all in that club you're not allowed to talk about and Uncle Bernie committed the ultimate sin, he screwed his fellow club members and countrymen
When a swindler is called Made Off that should give you abig clue.
Plenty other clues like the "Screw Sculpture". They have to tell you in a subtle way to make the Magick more powerful.
The man said it correct: ' There is a mirror effect between the victims and Bernie, wich is greed'
They had enough, wanted more wich is where Bernard came in. A tactic that will work time after time after time.
America is built on investment and high interest.
Madoff s son committed suicide heartbreaking he felt and Kevin bacon and his wife didn't say how much they lost but his wife Kyra Sedgwick said it was enuf for family to buy a house but a man knew what Madoff was doing he reported it and they didn't do anything until people lost millions but people trusted him his wife and his son the guilt he had he felt a loss of respect he was saddened but the timeline of a court trying to figure out millions it wasn't enuf people lost there life savings account some were retired they had to go back to work I'm no one to judge but he made the ponzi scheme feel like 1920s Charles ponzi scheme
@@user-gc6fq5uv9b you made several good arguments but please, next time, use punctuation marks so that your sentences would not be confusing.
Historian David Irving must have enjoyed a wry chuckle when Wiesel and Spielberg got scammed.
He's no "historian." He spews all kinds of Holocaust-denying fantasies. Shame on you if you consider him to be a sympathetic figure.
Madoff's mistake was scamming fellow tribesmen... otherwise he would have got a slap on the wrist.
Yep.
Bernie Madoff had all the weight lifted off his back in prison. It had to be exhausting dealing with all the greedy people. They are over exaggerating the figures as well.
The same thing that motivated Bernie to do what he did is the same thing that motivated his investors to invest… plain old GREED. Never being satisfied with what they have already… Do I feel sorry for some? Yes, but only some.
Seeking a steady 10-15% return isn’t exactly what I’d call greed.
Eugene Soltes was giving Madoff interest rate info while he is in jail and this guy is clueless as to why he is asking. Amazing. He is in prison and must survive in that environment. One son succumbs to cancer and the other was a coward, ending his own life. Remember Madoff was the face of the operation. Read between the headlines and think.
Madoff , Bankman Fried , Epstein ,Lehmann Brothers and Jordan Belfort ; what do they all have in common ? They all deserved each other .
@richardshiggin704, You ask what they all have in common? Ooh ooh I know, I know, hand in the air. They are all Jews?
No, they are all Jews!
every. single. time.
This documentary actually does a great job at showing the human side of Bernie Madoff: his rationale, technique, lifestyle, etc. The commentary is very over the top though, demonizing his every move.
The guy is a scum bag lol. Did you not hear him completely dismiss all this fraud is not that big of a deal?
When is having enough Money….enough.
none of it was ever his...He was always robbing peter to pay paul.
-Skyler White
What a change - someone did to the rich what the rich do all the time to the poor.
How do the rich do the same?
The reason Bernie is in the nick as opposed to the Oval Office.
@@Carlos-on4fz well, I guess you must be the one who invested in him. 🤣
@@KAAN_TR answer my question
THAT was an excellent question but one he can't answer...all he has is envy driving him. Wants the results of hard work without having to do it. So, sticks to cliches about why he isn't rich... Its THEIR fault!
Deeply full of shame from childhood drove this ruthless persuit of success and validation.
Excellent documentary!
Wow! He manipulated a psychologist!
Many psychologists and medical professionals are psychopaths themselves.
Many people knew he was a scammer or must have been....but they shut their eyes...
A lady professional financial advisor, who was at a social event in Palm Beach, was asked by a wealthy jewish broad what she thought of Madoff.
When she answered that she had looked into his outfit and thought he was a bad bet, the old broad got all butthurt and admonished the pro for not knowing her arse... so she kept her mouth shut after that, lol.
He was the face of all those that did not care how, where or who was affected to get that return in their investments. No compassion for or any of his victims
As long as people are driven by greed, guys like Madoff will be able to do what they do. I feel no pity, not for Madoff nor for his victims.
That’s a bit harsh… I feel for the people who lost money not even knowing they were involved wit madoff . They were completely innocent.
@@dmimz7691 In the end, the "victims" got 75% of their original investment back. The federal government turned every stone to get the money back. I wish I had invested with Bernie Madof instead of mutual funds before the crash of 2008, in which 80% of my investments went up in smoke.
People invested money and were scammed. Are you some sort of Marxist?
I LOVE WHEN THE PAPARAZZI YELLED OUT TO HIM WHILE HE WAS UP IN HIS PENTHOUSE, MADOFF IT'S NOT TO LATE TO JUMP!
* too late
His son ended his own life because he was not man enough to face the music like a man. Bernie Madoff took his punishment like a man. Look into the behind the scenes billionaire that was found dead in his pool. There is always more to every story.
* too
The PBS Nova documentary which interviewed those involved were offering 18 percent which was an outrageous number.
What the Federal Reserve is doing with printing their fiat currency makes Bernie Madoff look like he was stealing pennies !!
@targetedfordeath359, Those pennies turned into 17 Billion, other people's money.
@@BlackOlivesMatterToo-iu1tm The pennies turned into jail !!
Indeed, governments all over the world employ Ponzi schemes by using fiat money except that Madoff wasn't a government.
Madoff was a legend. A great man that never harmed anyone. He really wanted to help people but simoly ran out of money.
How does someone compartmentalize the death of a loved one? The average human psyche is not meant to be organized that way.
MADOFF was good with numbers He did not have to do what He did He could do good working like everyone else but greed was too strong for Him
It would have been simple to expose him. Where were the auditors? Nobody can recall any trades ever made by him.
After watching the whole Sam bankman fraud saga , I can't believe people would invest all of their money , in one investment , I mean all of it ? Especially being older ? Ludicrous .
To be wrong or to be right??
At 5:40 the woman mentions the events of September 11 2001. Look into the financial crimes tied to that heist.
There is definitely a group of international people who think that because they are Rich they must be smart trustworthy and good…. Madoff proves them wrong…. They are only greedy and self centered.
Everyone blaming his victims is ridiculous. Chasing a 10% return isn’t greedy at all. This is just class envy.
Class hatred! FACTS
A lot of victims were working class who had no control over their superannuation or pension funds. They could no longer retire and kept working into old age.
It was his looks and last name, why he got away with it for so long 🤔
Corruption will never end.
come on he just made the same the the macro economy but he didnt have the federal reserve for make free money.. wtf what a show is everything
To rob and destroy people's lives, you got to be shameless, heartless and without moral!
Correction ponzi scheme is not the same as pyramid.
Unbelievable that he handled any money in prison. Wouldn’t his sentence rightly limit computer access and business dealings?
Apparently, he cornered the sugar market in jail.
Those investors should have seen it coming, investing with a guy named Ponzi
Bernard would put in his savings (say $10,000,000) knowing he was going to steal $30,000,000 back....Of course he would front his savings....
I don't know how he could have felt that he "made" money for people.
What is missing? Handwriting analysis.
It's amazing how this documentary very very subtlety tries to paint Madoff as almost a victim or even a great man - The priority is always controlling the NARRATIVE.
It's in his blood
How can he walk around,knowing your f- - - ing over ALL these people...well im a construction worker so im not that bright,but I know 50% on your money it raises a red flag too me🤔
You are brighter than HE was, you build something concrete. HE can only destroy!
Stole nothing lost his whole life and created more than seduction
Not gonna lie. I’d take some money and run😂…if I’m one of his sons I’m transferring about $25mil and leaving the country.
Smart man he was… RIP
He worked with the government!!!!! Say it as it is
To be or not to be..😀
His wife got to keep millions
Just greed eating greed, dont feel sorry for Madof or his "victims".
What’s so strange is this loser knew the end was near, so at any time he could have left the country and disappeared with billions. For that kind of money you can surgically change your entire appearance and name, Either he was too arrogant, or just crazy. Or wanted his family to keep the hidden money😮
His investment strategy was, " I'll pay you to invest with me". A very aggressive strategy.
Bernie had no scruples- he even took the Jewish community- I like that
Jew’s was his main targets
You erstwhile Robin Hood’s have no heart
all these electric cars are really putting strain on the grid
Do u think Bernard just Made-off.
He had no lips😮
I wonder if Colleen Eren shaves her bush every week or every day
Money is root of all evil you already have billions why more
Greed is the root of all evil, not money.
The love of money. You need to catch up with your Bible.
The love of money is called greed. Money itself is not actually the problem. You are not understanding the separation there.
@@tumalditamadresita they created two Christianity, one they worship to Bible and other one is money.. people worship to money than they worship to god.. 🤣
Like SBF all that money
Me $10,000,000 off to Africa or other Countries
Would still be free today
Fools😂
He madoff with a lot of peoples money all the way to hell
Madoff made off alright
Madoff like a bandit.
This guy was my hero. Incredibly hard working & talented individual who had a true talent for connecting with people.
Still my hero..He was cheating the cheaters..
Do all your heros die alone inside prison?
@@stevewhittle7163all heroes dies after saving the planet.. 😁 alone or with other heroes..
Greed
Rich Jew ripping off rich Jews
Who cares
stephen greenspan when he talks...ewwww
I’m very jealous of Bernie he was so clever I wish I could start a Ponzi scheme
Do I feel sorry for the victims? Not a whole lot. Their loss was built on a sickening greed on their part.
Correct.
Biden said This is sickenings 😮
Investing your money is greed?
They were all conned by a brilliant fraudster. They are victims of evil and greed.
Found a commie.
I’m no financial guru by any means, but there is zero logic in the notion ‘I can’t take in any more money.’
If his strategy is above board and contingent on a judicious spread of prudent investment then there’s no such things as too much money.
Huge red flag.
The logic that reluctance on Bernie’s part implied genuine pragmatism on his part which further compelled savvy investment firms, is a more a case Bernie how to exploit their FOMO
Wow! He manipulated a psychologist!