Bernie Madoff 10 Years Later: Ep. 1 | Madoff Behind Bars

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  • Опубликовано: 28 май 2024
  • A three part original podcast series. It’s one of the greatest lies ever sold, a $65 billion fraud. For the past decade, Bernie Madoff - locked away from the world as he serves a 150-year prison sentence - has been the face of greed.
    That’s not the end of the story. CNBC special correspondent Scott Cohn and American Greed executive producer Chuck Schaeffer go “behind bars” to uncover the Madoff of today, from the lawyers and investigators to the victims. Our first episode goes inside the mind of the world’s most notorious con man. Who is the Madoff of today? What makes him tick?
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    Binge watch your Greed here: www.cnbc.com/american-greed/
    About American Greed: Scams, sex, and even murder all in the name of a perverted American dream. Enter a world where crime pays until you get caught. CNBC’s unprecedented original true-crime series, “American Greed”, takes you inside the amazing real-life stories of how some people will do anything for money. Narrated by award-winning stage, screen, and television actor Stacy Keach.
    #CNBC
    #AmericanGreed
    #MadoffBehindBars

Комментарии • 1,1 тыс.

  • @susibrooks8620
    @susibrooks8620 4 года назад +704

    He missed his true calling. He could be free today if he was a politician.

    • @dmimz8593
      @dmimz8593 4 года назад +14

      Susi Brooks 😂

    • @DerikAasansLevelUpTravel
      @DerikAasansLevelUpTravel 4 года назад +21

      Clintons wouldn’t even be investigated. “We burned the records. Was that wrong?” Lmao 🤣

    • @shebastinson7813
      @shebastinson7813 4 года назад +6

      He will be pardoned

    • @louiekidd251
      @louiekidd251 4 года назад +11

      Madoff is a political prisoner, he was railroaded by the US government. In order to steal 65 billion dollars, he would have needed to steal 6 million dollars a day, every day for 30 years. What did he do with the money? How do you spend 6 million dollars a day? Madoff only had a few million dollars in assets. What does an old man need 65 billion dollars for? IT's all a Lie. Also, American greed is a big LIE. It is communist party propaganda.

    • @22ergie
      @22ergie 4 года назад +4

      @@shebastinson7813 Trump has ZERO reason, and certainly will NOT!

  • @Aye_Nyne
    @Aye_Nyne 3 года назад +98

    How rich people think: "He wasn't ostentatious about his wealth. He just had a bunch of yachts, a home in Palm Beach, a home in Montauk, a home in Manhattan. He was living well." 😆

    • @jenniferwilcox9759
      @jenniferwilcox9759 3 года назад +10

      Ostentatious must be relative. Maybe the guy meant Madoff wasn't ostentatious in comparison to Trump's display of wealth? Regardless, how many yachts, homes, pairs of shoes, and other stuff does one need or even want? I think you'd get bored after awhile and not use most of it.

    • @Aye_Nyne
      @Aye_Nyne 3 года назад +8

      @@jenniferwilcox9759 Yes. I know. Scott was saying that in comparison to other people with extreme wealth. It's simply funny because any average American would consider having a bunch of yachts and multiple homes to be highly ostentatious

    • @gracie3174
      @gracie3174 3 года назад +2

      Lol...isn’t that the truth. It’s just amazing....

    • @joanofarc33
      @joanofarc33 2 года назад +2

      He is right. Bernie would have been able to access those kind of items and lifestyle if he lived straight, if he did not commit the con. So what is the reward? Not the money or things.

    • @allenuconn
      @allenuconn 2 года назад +1

      You forgot about his homes in Europe ..... just saying. 🙂

  • @NorceCodine
    @NorceCodine 2 года назад +45

    When I am in the grocery store, I hear soccer moms in flipflops and construction guys talking about crypto. This is gonna be good.

    • @airyordan6291
      @airyordan6291 Год назад +3

      Sammy sammy

    • @user-dn5hz3nl9x
      @user-dn5hz3nl9x 2 месяца назад +1

      Jokes on you. Cashed out 400% returns. 😂😂😂😂😂😂😂

  • @carpediem6568
    @carpediem6568 3 года назад +149

    Someone, back then said, "I knew Bernie was a crook. That's why I invested with him." It wasn't that hard to see that no portfolio in history had never had a down year. It was right in front of them. People work hard for their money and don't give much thought when they invest. Happens all the time.

    • @alisonfriedman5288
      @alisonfriedman5288 3 года назад +5

      And now he wants medical release because he’s sick. I remember Axios accidentally put on Twitter that Bernie Sanders was seeking compassionate release from his 150 yr prison sentence. 🤣🤣 What an awful mixup!

    • @carpediem6568
      @carpediem6568 3 года назад +8

      @@alisonfriedman5288 I recently saw a woman who was at a dinner party and mentioned she wondered if Bernie was actually legitimate. She made the mistake of questioning his integrity. And another woman piled into her...how dare she question such a wonderful man who has done so much for the community. After that, she said she just kept her mouth shut, I hope smart enough to start pulling money out. You know not one single trade was ever made? No one bothered to follow a stock order request to see if it was actually posted on the exchange.

    • @carpediem6568
      @carpediem6568 3 года назад

      @Calm down fake cop 1 True

    • @joanofarc33
      @joanofarc33 2 года назад

      Because they believe the system is safe.

    • @williamchafe8824
      @williamchafe8824 2 года назад +8

      He couldn't have done it without the investors greed. Don't feel sorry for anyone of them.

  • @meeee500
    @meeee500 3 года назад +61

    This guy just said in so many words the federal prison seemed like a sweet life like on a college campus

    • @Superduper666
      @Superduper666 Год назад +6

      Where Bernie was. Regular people get the rough prisons.

    • @Cindy-up2oj
      @Cindy-up2oj Год назад +2

      It is different from the State prisons. The food, pay and work ethic is different. The Federal vs State is just no match when it comes to money.

    • @RG-iw7py
      @RG-iw7py Год назад

      If he is a narcissist he's in his paradise: gets attention of inmates, media.

    • @paulprovence2722
      @paulprovence2722 Год назад

      Not true… there are some state prisons that are nicer then some fed.. lots of variables.. the old wise tale of if I’m ganna go to prison I hope I go to fed… not exactly true..

  • @kungfumind.
    @kungfumind. 3 года назад +21

    The DeVos's have the biggest longest running pozi scheme ever. Amway.

  • @PureNapture
    @PureNapture 3 года назад +160

    The irony of his last name always give me the giggles 🤭 he literally MADE OFF .... I’ll see myself out 😋😂

  • @edadan
    @edadan 3 года назад +14

    Speaking of greed...I noticed how that photographer shoved Madoff so he could get a picture.

  • @DITUCCI
    @DITUCCI 3 года назад +19

    Had he been a politician, he would be alive today.

  • @FigaroHey
    @FigaroHey Год назад +24

    I'm fascinated by people like Bernie Madoff, not because of the big amounts or the scandal or all the more 'flashy' aspects of this story, but for that one moment when a person makes a choice and it all snowballs from there. I watched one investigation into him and it reported that in the early days, when he was just starting out and his wife was doing his bookkeeping (briefly)... he was just an ordinary guy, making an honest living. What was that moment when he felt like he needed to make that one bad deal - sell more to one person in order to pay off another, I guess, with actually nothing to sell? Because if he didn't sit at home plotting to create the mess he created (and from what I heard, he didn't really plan it; it wasn't like he was looking for a chance to start a massive Ponzi scheme), then at some point he must have got into some trouble, and decided to 'rob Peter to pay Paul,' invent some investment that never happened to get some new investors to pay off other investors when something went sour. And then it seems like he just got in deeper and deeper and eventually 'it' was controlling him, and he was not controlling it. It seems like he really did everything to keep his family in the dark, to keep his wife and sons (even when they worked for him) absolutely separate from any of his illegal activities so they would not be implicated when it all collapsed. But what was that one step, that one decision, that one moment that set him on this path? That's always the question that fascinates me most.

    • @RG-iw7py
      @RG-iw7py Год назад +2

      To a normal honest people it may happen, a moment in time, a mistake, even a series. But there are people with personality disorders. There's not enough knowledge about them and for most people it's very difficult or impossible to see through their web of lies, not to fall for their psycho manipulations. I have a lot of experience with narcissists (NPD) and they may be describing here a narc, maybe a covert narc: sociopath, controlling his office, controlling narrative, pathological liar, looking unassuming. His 'honest moment' could be a grab of attention. Only sensitive narcs may sometimes honestly apologize but it does not change anything, they'll keep abusing others . They feed on attention, positive or negative, it's called 'narcissistic supply'. Someone with such character doesn't change. Maybe earlier was 'helping' his 'favorite' clients and was lucky it wasn't discovered. If in the prison he's got attention, 'respect' he's in his paradise. Many narcs are highly functional and are used as politicians, presidents, etc. He served JP Morgan well. Maybe their attention, admiration of 'favorite clients' gave him attention, 'respect' he crave for and made doing more to keep it. Look at well known narc Sam Vaknin, with 190 IQ, researching this subject. He embezeld millions while working in the bank. Maybe the man who brought down Leman had narcissistic traits or personality. Maybe Elizabethh Holmes of Theranos. Look up Narcissistic Red Flags, dr Ramani, Michelle Lee Nieves (for a start). Spend few months studying it and you may be shocked how many such people you know, see on tv. They're not to be admired but ostracised, avoided. They know what is wrong or good but follow their tendencies, use others to regulate their emotions, satisfy needs. They were traumatized, broken or spoiled children but may hurt like only a sadistic adult can. The most amazing of their tactisc is 'narcissistic projection': they will accuse a victim of doing evil they do to their victims. Such strong is their ego in rejecting any of their wrong doings. They know somebody lies, cheat but will accuse their spouse, coworkers. While the victim is upset, try to reason they enjoy the show, feeling powerful, having impression they control this person and the situation, and having (false) sense of security. I used the word 'normal' people.. The're not mentally sick, it's not a disease, you can't cure it. Althought there are some therapies. Most of them won't see any need for a change because they seem to thrive while destroying their family, children, community, country. Some know who they are and are bragging about it. Because as a child they created a false persona of somone omnipotent, better than anyone else, entitled. Everything in oposition to a weak, scared child full of toxic shame. They go through life buling, destroying others. Often they run away into addiction from the pain of truth about themselves. May become a hoarder because people keep rejecting them but thinngs do not. It's impossible to help them with kindness. They are predators, pray on kind, helpful people. Someties only loosing everything they care for may give them strong enough motivation to accept they may be a source of the problem, not the world, and seek help. Therapy may help them feel safer. If Mr Madoff is a narc even now he does not have enough motivation to change anything because he's got attention (of thugs, media, yours).

    • @bobbertee5945
      @bobbertee5945 Год назад +2

      I dont understand the amount of greed involved, he was a multi millionaire, many times over from his legit buisiness, he had more than enough money to live in luxury......

    • @RG-iw7py
      @RG-iw7py Год назад

      @@bobbertee5945 If he was a narcissist then he followed his tendencies. They are never satisfied, they crave for attention, admiration, and believe will get away with anything coz they are the smartest. Look up NPD, see how Sam Vaknin speaks, he stole milions from the bank he worked for. I love his honesty. He explain how he thinks, function, does research. He said he's still a narcissist. Think about narcs used to rule corporations, governments, etc.

    • @MelissaLona
      @MelissaLona Год назад +2

      From what I understand it started with his first group of clients early in his career. He had about 20 clients and about $50,000 in investments for his clients. These were legit trades. But the market crashed and he lost all of his clients money. He felt bad because he encouraged them to take these trades and he didn’t want to tell them he lost all of their money. So instead of being honest, he borrowed money from his father in law to cover the losses. Ultimately, it made him look like a genius. When everyone lost money his clients didn’t or so they thought. It led to more clients and it he became highly sought after. He build his clientele and in order to keep his reputation of a guy that always get you returns with little to no loses, he started robbing Peter to pay Paul. It just grew from there.

    • @soso8824
      @soso8824 5 месяцев назад

      Greed ... Plain and simple, when having it good isn't good enough 😢SAD.

  • @TomRivieremusic
    @TomRivieremusic 3 года назад +57

    What a price to pay for greed. You can never underestimate the stupidity of humanity.

    • @vernaharris4700
      @vernaharris4700 3 года назад

      So true. So much for people who believe in the goodness of human nature.

    • @raquelvlogzz1183
      @raquelvlogzz1183 3 года назад +3

      IT IS SAID THAT MONEY IS THE ROOT OF ALL EVIL.THE TRUE MEANING IS
      IS US HUMANS THAT TURN ITTO. EVIL....

    • @jamie.777
      @jamie.777 2 года назад

      His horrible wife Ruth and his lame sons were all involved and they are liars!! They knew!! So look at them know? Rotting and with Ruth, slowly 🐌 Rotting.. she lives on Virginia slims and Valium

    • @Skylightatdusk
      @Skylightatdusk 2 года назад

      Reminiscent of the Elizabeth Holmes case. People in the US appear to trust a certain image.

    • @davidgladwin4954
      @davidgladwin4954 2 года назад +1

      GREED IS GOOD 👍 MADOFFS PONZY 65 BILLION

  • @victoriaprieto4284
    @victoriaprieto4284 2 года назад +48

    I love watching the tv show American Greed!! It alerts me of any scam. Thank you guys. Continue with your great job!

    • @RG-iw7py
      @RG-iw7py Год назад +2

      Really? Did you notice these journalists seem to believe Madoff (and raise compassion for him) but not his family, brave sons? I'm afraid Madoff could have narcissistic personality or traits. If he's a narc he lies about missing his children to present himself as a victim in order to get attention, so called 'narcissistic supply'. His 'honest moment' is rather a grab for attention. Since in prison he gets media attention, respect of inmates he is in his paradise!
      How awful joke (and laugh!) that Madoff would be worse off in the houses of his victims! Disgusting, disrespectful to the victims! Demonizing them while whitewashing Madoff. They quote he was a 'pathological liar' but act if it is irrelevant. Please look up Narcissistic Red Flags, Dr. Ramani. Sam Vaknin (self aware narc with 190 IQ). You may be shocked how many of them you know, see around, on tv. Use your critical thinking to discern. Much better in exposing scams is guy from the channel Calling Scammers. Enjoy:) and God bless you.

  • @TeamBTC17
    @TeamBTC17 3 года назад +33

    I find the irony of this hilarious. He lived off others when he was free and now he lives off others in prison with the added bonus of great healthcare. What a joke.

    • @2GsCanRapTV
      @2GsCanRapTV Год назад +1

      He’s in a cage and brought his family great shame. Trust me they will always carry that burden bc people will always figure his wife and sons knew all along. Plus one of his sons killed himself from the shame.

  • @theeaskey
    @theeaskey 5 лет назад +24

    The only people that lost money we're the last ones in..everyone else is guilty of guilt..not only madoff

    • @RG-iw7py
      @RG-iw7py Год назад

      This journalist seem to believe Madoff, 'pathological liar' but not his victims (i.e. family). No word on possibility of him being covert narcissist. No focus on the role of JP Morgan.

  • @poppycakes6805
    @poppycakes6805 4 года назад +13

    At 13.37 it was ironic people asked: "Hey Bernie, I need to find some losses for my taxes, can you help?"

  • @linanicolia1363
    @linanicolia1363 4 года назад +41

    Hard to believe it has been 10 years.

  • @ross9503
    @ross9503 3 года назад +24

    This series looks so interesting, congratulations guys. My word about the aura or appeal of Madoff: I think he had the appeal of quietness, he looks grounded and confident even when things were uncovered. That confidence together with his trajectory inspired trust in big investors, nothing on him looked fishy or dishonest. People were drawn to think that they were lucky to invest in his firm because Madoff was not pushy at all.

    • @2GsCanRapTV
      @2GsCanRapTV Год назад

      He also approached new investors under the guise that he was very selective but would consider them as potential clients.

    • @robertholley4952
      @robertholley4952 Год назад +3

      Con- man, confident man.

    • @michaelrief4424
      @michaelrief4424 Год назад

      A Jewish guy that wasn’t pushy? Surprise!

    • @RG-iw7py
      @RG-iw7py Год назад

      People with narcissistic personality, esp covert narcs are very hard to distinguish. Some maybe knew him better, one person said: "I knew Bernie was a crook. That's why I invested with him."

  • @SeanP7195
    @SeanP7195 2 года назад +10

    And this is why they never teach kids about money in school. They want you ignorant. It wasnt until late in my life what I learned what I was missing. Making your money work for you should be priority #1. Yet few people ever do it or attempt to even learn about it.

    • @shirleyashanti3031
      @shirleyashanti3031 3 дня назад

      My grandfather always said you have to make money work for you. At one point he owned multiple apartment bldgs that he rented, also owned a few bldgs on the National Historic Register, worked a job with benefits for nearly 40 years, sold or transferred most of his legacy the year before he died but left a decent estate. He said he only needed a good attorney and a good accountant. Btw, he was totally illiterate, never learned to read or write, said everyone he knew who could do those things just had a lot of debt. 😂😂

  • @johnbalasa711
    @johnbalasa711 4 года назад +14

    He lives better than most hardworking Americans. Shame but true. Put him into a work, let him sweat so he can see how you make honest money.

    • @Velvetmetal
      @Velvetmetal 3 года назад +1

      I’m not “defending” his actions by any means whatsoever but he didn’t come from money to begin with. His boys didn’t want for anything but their grandparents didn’t have a lot of money.

    • @ericparrish1515
      @ericparrish1515 Год назад

      @@Velvetmetal grandparents? What about the actual godfathers? Looking for something?

  • @jellynacino2277
    @jellynacino2277 3 года назад +3

    The best specimen of American Greed, Ponzi master Bernard Madoff!!

  • @wbbils7052
    @wbbils7052 4 года назад +30

    Madoff's picture belongs on the U.S. $100 bill. It fits.

    • @steveperreira5850
      @steveperreira5850 3 года назад

      Yeah you are right, the biggest faker in history deserves his mug on the fakest Fiat currency, the US dollar.
      Of course he died a little bit younger than expected, it happens to that ethnic group who prefers to marry their first cousins and carry-on genetic defects generation to generation.

    • @rushrush6754
      @rushrush6754 3 года назад

      😂😂😂🤣🤣🤣🤣

    • @kollelerevwienviennaaustri4690
      @kollelerevwienviennaaustri4690 2 года назад

      His picture belongs on the $3. bill. Oops sorry, it doesn't exist!

  • @toreshammerecelt861
    @toreshammerecelt861 5 лет назад +11

    He is not a sociopath, he is a narcissist. That’s all.

    • @gbadesakin
      @gbadesakin 3 года назад +2

      That word “sociopath” is thrown around all the time. I don’t think he started with the intention of defrauding clients, I think it snowballed and he had to keep up appearances pretend to the world that he was this maverick investor.

    • @bonnieantonini
      @bonnieantonini Год назад

      I was thinking the same thing: narcissistic personality disorder. Classic. Incapable of empathy.

  • @donniekellerman5833
    @donniekellerman5833 4 года назад +1

    Bernie is the 21 century Jessie James!! An old 'dyed in the wool' American hero! Ride on B.M. you're still the KING!

  • @raquelvlogzz1183
    @raquelvlogzz1183 3 года назад +11

    GREAT DOCUMENTARY AND REPORTERS.ON POINT!!🔌🔌🔌

    • @RG-iw7py
      @RG-iw7py Год назад

      Not deep enough. If he had narcissistic personality, maybe of covert narc: controlling, pathological liar then his 'honest moment' would be just a grab for attention. If in the prison he's got attention, 'respect' of inmates, media he's in his paradise. Many narcs are highly functional and are used as politicians, etc. JP Morgan did well but attention is on the puppet.

  • @mrcelada
    @mrcelada 3 года назад +11

    Madoff should have brought a money printer like the fed has, and printed all the money he needed to pay investor. That wouldn't had been a scam, or is the legal scam the fed do all the time

  • @markwhitethorn6743
    @markwhitethorn6743 3 года назад +32

    The financial sector urgently needs to be regulated back again. The rules which had been established after the 1929 crash and then removed by Reagan and Clinton has to be put in place again. The States stop guaranteeing savings, pensions funds, insurances long time ago. Basically between the 80s and the 90s the financial subjects have been allowed to gamble using the common people money. Unfortunately people, though the many scandals, seem to be anaesthetised. Occupy Wall Street should have been a massive protest and not left to just few dozens brave volunteers.

    • @henryc1000
      @henryc1000 2 года назад

      Reagan and Clinton didn’t do squat!! It was the legislators that put the bill together by a margin of 95% or better. And you voted these people into the office

    • @LJ-ht4zs
      @LJ-ht4zs Год назад +4

      Agreed. All SEC parties need to be investigated as to why nothing was done when it was repeatedly brought to their attention. Not doing their jobs - seems not good enough.

    • @lilyofthevalley9819
      @lilyofthevalley9819 Год назад +2

      absolutely, Mark, 100%, The regulation has to be PUT BACK!!! C'on!

  • @dustyrhodes6798
    @dustyrhodes6798 3 года назад +17

    12% return a year, year after year, should have invited some suspicion. You could double your money in 6 years. I would withdraw all my initial investment after 6 years and leave in only the money earned. Greed is the trap.

    • @RandallFlaggNY
      @RandallFlaggNY 3 года назад +1

      It did invite suspicion. It was an open secret in the industry he was a scam. A lot of smart money got the sales pitch and walked away.

    • @1m2rich
      @1m2rich 2 года назад

      Wall Street laws and oversight need to be back since insider trading is common. Billionaires made a fortune on COVID. It has to be insider trading.

  • @hanneloreclemenson1228
    @hanneloreclemenson1228 3 года назад +2

    Anybody watching this after his death in April 2021?

  • @erichwyatt6554
    @erichwyatt6554 2 года назад +39

    Heartbreaking how his own family died tormented for his sins and so will Ruth who has outlived all of them .I will never believe those sons or his wife knew .

    • @RG-iw7py
      @RG-iw7py Год назад +2

      I agree. Especially if he is a covert narcissist or has narcissistic traits. They would suffer more than spoke about because the world's attention was on financial aspects only. They were victims too. JP Morgan should be ashamed.

    • @tthreat23
      @tthreat23 Год назад

      Given aftermath, there is no way his sons knew. His wife most likely didn't know either just based on the fact that he had no reason to tell her.

    • @jimhen459
      @jimhen459 Год назад

      his family turned him in.

    • @lonelylantern9135
      @lonelylantern9135 Месяц назад

      Ruth and his sons are really likeable, don't seem like Bernie at all.

  • @anthonypenciu7641
    @anthonypenciu7641 5 лет назад +19

    JP Morgan paid $2+ billion and nobody went to jail? I would say there is at least one "big fish" there - swimming as we speak - that should be investigated. What is the chance of that happening?

    • @signalfire6
      @signalfire6 5 лет назад +4

      Makes you wonder why everyone with money in Chase doesn't pull it out? The banks that are complicit in the 2008 crash and will be complicit in the next one (soon) are well known and yet people still do business with them. Idiots deserve to lose their money, and that's EXACTLY what the banks think of them. I took a friend to her bank the other day - Chase. They were giving out SUCKERS by the trade name Dum-Dum. Take the hint, fools...

    • @susibrooks8620
      @susibrooks8620 3 года назад

      signalfire6 -“I find no fault with this gimme gimmick “🤣

    • @Justin.Martyr
      @Justin.Martyr 3 года назад

      *Tony; Learn How to Speak!!!! NOT MumbLe JumbLe!!!!*

    • @frederickmuhlbauer9477
      @frederickmuhlbauer9477 3 года назад

      Zero I’d think

    • @12345fowler
      @12345fowler 3 года назад +1

      Not only that but also there was no publicity as to the correctives measures imposed to J.P. Morgan and their alledged completion ? Like everyone just don't want to change the name of the financial game (easy big and fast money made in Wall Street) . Banks don't want to. Government don't want to. All the clients benefitting from the system (unless they lose it all) don't want to. Fake profit & loss statements done and government isn't doing anything. Where is the SEC, where is the IRS ?

  • @henningkjr5359
    @henningkjr5359 3 года назад +6

    150 year sentence for Madoff is out of proportion compared to what politicians can get away with.With out prosecutions

  • @k.yvonjulien2771
    @k.yvonjulien2771 4 года назад +28

    Those two guys voices are unique. Good job guys 💡💡👏🏽👏🏽👏🏽

    • @raquelvlogzz1183
      @raquelvlogzz1183 3 года назад +1

      YES!!!.!CNBC ABC ,NBC ETC. NEVER HIRE CLOWNS ..LOVE THIS KIND OF REPORTERS .ON POINT!

    • @RubyBandUSA
      @RubyBandUSA Год назад

      The smaller guy Yes. The big husky guy No.

  • @ld4974
    @ld4974 3 года назад +10

    He's no longer America's most famous conman. We just removed that one from the White House.

  • @rosalinaayala5963
    @rosalinaayala5963 5 лет назад +9

    His son paid the price.

    • @linanicolia1363
      @linanicolia1363 4 года назад

      He did not have to. Suicide is always a cowardly move. No excuse.

  • @GeorgetteBu
    @GeorgetteBu 3 года назад +10

    The Banks paid off the Government and the Government dropped the charges on the Banks for fraud. It's this just a wonderful system we have. At position 14:36 it clearly says they paid the Government off.

    • @1m2rich
      @1m2rich 2 года назад +1

      Bankers always win from us tax payers but only pay us 1% in interest. Banks are corporations. That kind of fraud those banks should have been denied their charters. Clearly they are lawless.

  • @jimfree0
    @jimfree0 Год назад +2

    The best part of any Madoff segment is the sharp stiff-arm that cameraman hits him with. Excellent form.

    • @jimfree0
      @jimfree0 Год назад +1

      0:09 And he gets the shot after it! Old pro.

  • @hamishevans6260
    @hamishevans6260 5 лет назад +109

    So sad what he did to his sons

    • @beneiseoleinmheart5614
      @beneiseoleinmheart5614 5 лет назад +10

      He didn't think of that, did he?

    • @sleepn_on_me2473
      @sleepn_on_me2473 5 лет назад +6

      Yeah unfortunate
      One of them hung himself

    • @sleepn_on_me2473
      @sleepn_on_me2473 5 лет назад +5

      A French nobleman terri delvelacheaut slit his own wrist
      And one other dude was found in his pool

    • @stevepasquarella823
      @stevepasquarella823 4 года назад +15

      Both his sons were degenerates who were borrowing $10 million at a time from their father to pay for personal debts

    • @linanicolia1363
      @linanicolia1363 4 года назад +5

      Hard to believe they did not figure out what was going on. He says they did not know......well, it could be the only gift he left them.

  • @scottwinter6117
    @scottwinter6117 3 года назад +8

    He missed his calling, would of made a fantastic televangelist!!!

    • @gabrielamartiniuc6322
      @gabrielamartiniuc6322 2 года назад +2

      Agreed!!!!!!! And he would be walking . Those fools are frauds and walk around..

  • @dionsands3113
    @dionsands3113 Год назад +2

    why he didnt hop on a private jet and fly to paris is beyond me.150 years is absurd and equally absurd how he quietly walked into 150yrs! victims got cheated by their own personal greed!

  • @atteroljones6936
    @atteroljones6936 2 года назад +7

    To the folks who experienced being fleeced: It was okay, the exclusivity of being a Madoff client, when the income statements validated you, but the indignation and anger at the guy's exposure, and your own, didn't feel so okay.

    • @Skylightatdusk
      @Skylightatdusk 2 года назад +3

      .. looking the other way because they profited.

    • @RG-iw7py
      @RG-iw7py Год назад

      And this journalist presents him almost as a victim, poor man. He didn't check if he could be a narcissist. Attention is not on JP Morgan but on the tool. If he is a narcissist this prison is a paradise for him because he gets attention: of media, 'respect' of inmates.

  • @TempoDrift1480
    @TempoDrift1480 2 года назад +19

    I'll never fail to be amazed by the fact that none of these wallstreet goons have ever done a day of work in their lives but yet they make more money than most of us who do.

    • @lightworker4512
      @lightworker4512 Год назад +7

      People who work on Wall Street are ambitious, smart and put in long hours. Your comment reflects your total ignorance of what traders, hedge fund operators, investment banks do. Listen, you can make a great deal of money yourself if you want. Study hard, see patterns, invest when you see the opportunity. I made my first million by age 27 ( 35 years ago) by seeing opportunities. Wisdom is the application of knowledge. Wisdom is what helps you make money.

    • @rentslave
      @rentslave Год назад +2

      @@lightworker4512 It's farming,mining,manufacturing ,etc. that produce real wealth,not paper shuffling to benefit only self.

    • @lightworker4512
      @lightworker4512 Год назад +1

      @@rentslave How many farmers have lost their farms or can barely make ends meet? How many manufacturers have went under due to things being built in China? Are you in high school?

    • @lightworker4512
      @lightworker4512 Год назад

      @@rentslave paper shuffling? You are clearly ignorant.

    • @RebuttalRecords
      @RebuttalRecords Год назад

      @@rentslave Without finance, your farms couldn't trade and your factories couldn't grow. Finance is what's responsible for modern day trade and commerce, without it you'd be stuck in the dark ages.

  • @janaeanne7493
    @janaeanne7493 3 года назад +6

    Died today in prison. He was 82 yrs. old.

  • @carlandre173
    @carlandre173 4 года назад

    Great work

  • @AR-rz7kz
    @AR-rz7kz Год назад +1

    These guys have a great rapport. Nice analysis.

  • @mmmm7433
    @mmmm7433 4 года назад +15

    The Fed does same thing

  • @jasonbowman9521
    @jasonbowman9521 4 года назад +16

    It's also strange that NASDAQ is still going. Why was Madoff arrested again??? They are still using his financial infrastructures.

  • @wilhelminacarroll6947
    @wilhelminacarroll6947 2 года назад +1

    Wow!! This story Never getz old.

  • @normamimosa5991
    @normamimosa5991 5 лет назад +108

    This has bored me within minutes. Where is the interview?

    • @Habib-yl8bz
      @Habib-yl8bz 5 лет назад

      lmao

    • @moimeself1088
      @moimeself1088 5 лет назад +2

      He took in a notebook and pencil. What interview are you expecting?

    • @mikesully110
      @mikesully110 4 года назад

      Maybe watch Lockup Raw, it might have an interview with him and his cellie, talking about chow and what Madoff's new hustle is (perhaps he is now doing prison ink?)

    • @madcrabber1113
      @madcrabber1113 4 года назад +3

      They like talking about what they have done.

    • @carlandre173
      @carlandre173 4 года назад +1

      @@mikesully110 hahahaha

  • @AK-lg6ju
    @AK-lg6ju 3 года назад +8

    To think both boys are gone, the dad is now gone and I can’t imagine the moms heartache.

  • @SarahJane-sr6id
    @SarahJane-sr6id 5 лет назад +8

    They are not allowed to film any of the interview!!! Listen what they said in the beginning. "Only pen and paper" was allowed!
    Im not on any ones side but you don't listen. Altogether a sad and tragic story.

    • @chailatte2160
      @chailatte2160 5 лет назад

      The only thing sad I see about it is the victims and the sons children.

  • @chironapolonio
    @chironapolonio 5 лет назад +105

    What a weak report. Nothing new revealed in this.

    • @alexrose4051
      @alexrose4051 5 лет назад +3

      True, there is no revealing details, Waste of time,

    • @food2430
      @food2430 5 лет назад +1

      ya

    • @beneiseoleinmheart5614
      @beneiseoleinmheart5614 5 лет назад +6

      Yeah like they just woke up and said"what can we do, today???🤔"

    • @mskay9597
      @mskay9597 4 года назад +2

      Agreed! Couldn’t even finish the video lol

    • @MrMagnusFogg
      @MrMagnusFogg 4 года назад +1

      @@mskay9597
      I admire you, Ms K, honestly !...I sustained 2 minutes 45, only because I have wireless headphones and was in the kitchen grilling some chicken wings and putting ice and a couple of other substances in a glass...now, THAT was time well spent //-)

  • @shrimboi8909
    @shrimboi8909 Год назад +1

    Lesson learned: never trust anyone with ur life saving.

  • @balloney2175
    @balloney2175 4 года назад +4

    Sorry to say "if I was greedy maybe I am a victim of a greedy person". We should live within our limits.

  • @Toogoodtobetrue458
    @Toogoodtobetrue458 Год назад +5

    Madoff is very proud of what he’d done.

    • @RG-iw7py
      @RG-iw7py Год назад

      Maybe has narcissistic personality. Many of them are proud of being 'better than anyone else'.

    • @93Jubilee
      @93Jubilee Год назад

      Shameful man!

  • @johnnyfannucci
    @johnnyfannucci 3 года назад +1

    150 years.
    Only in America

  • @nancythompson9558
    @nancythompson9558 Год назад

    Madoff could play The Joker! He looks just like the character!! lol

  • @LichenAndMoss
    @LichenAndMoss 5 лет назад +10

    I agree that Madoff shouldn't be given a soapbox. Especially since this podcast adds nothing.

  • @judyevancic4926
    @judyevancic4926 5 лет назад +3

    Greed, lying and stealing destroys your life’s achievements.

    • @warking2915
      @warking2915 5 лет назад

      Tell that to our US government

  • @93Jubilee
    @93Jubilee Год назад +1

    Excellent interviewer, great questions.

  • @mrs.herculepoirot7763
    @mrs.herculepoirot7763 Год назад +2

    The only person Bernie ever felt sorry for was himself.

  • @plk5520
    @plk5520 3 года назад +3

    Should have been titled "The Courtship of Bernie Madoff".

  • @paullyons3938
    @paullyons3938 5 лет назад +10

    Vid: Bernie Madoff was a bad guy
    Entire comment section: ACHYUALLY

  • @donpixote3321
    @donpixote3321 Год назад +2

    what a legend!!!

  • @gardofuentes363
    @gardofuentes363 3 года назад +10

    He was in a good position to invest his $40B cash during the 2008 crisis and turn his fantasy into reality.

  • @henningkjr5359
    @henningkjr5359 3 года назад +11

    Madoff is a hero,he made all the rich greedy people looks like fools.god bless him.

    • @LJ-ht4zs
      @LJ-ht4zs Год назад +5

      So many of his investors were ordinary people who lost all their money. I knew an older woman whose husband invested in Madoff. Her husband was a very decent ordinary man, when retired did volunteer work and she worked almost for free with young children. When husband died she knew very little till the Madoff issue and at age 80 had to rely on family to survive.

    • @RG-iw7py
      @RG-iw7py Год назад

      He could have narcissistic personality or traits. There's nothing great about having no conscience, manipulating others. Narcs can bring down all nations down give the chance. He destroyed lives of his sons, wife, many good people. He wasn't a Robin Hood. Narcs do hate themselves, create false persona of somebody better than anyone else. Thety go through life using people, bullying, destroying. Just to have attention so now he thrives with all the attention from media, inmates, people like yourself. I hope you joked, and that was sarcasm.

    • @93Jubilee
      @93Jubilee Год назад +1

      @@LJ-ht4zs HOw sad -- yes, he hurt ordinary people!And his wife had the gall to say she wants her "money back" from those who may have whatremained. Horrific! She's about as guilty as he is.

  • @jeanlaubenthal9848
    @jeanlaubenthal9848 5 лет назад +10

    Speaking to Madoff while in prison gives him attention which he seeks. Gives him a chance for input. He wants this ...don't give it to him. I have watched tv special and read about him give no more attention to him. We know how he did it. Give more attention to the victims stories so we know how they were duped. Talk about the evil of lies and bring back the admiration of honest individuals.

    • @LichenAndMoss
      @LichenAndMoss 5 лет назад

      Agreed. This podcast adds nothing. Not sure what the point is.

    • @signalfire6
      @signalfire6 5 лет назад +1

      The 'victims' were duped because they were greedy and couldn't be bothered to understand that their monthly earnings reports were BS, and the SEC was utterly useless if not criminally incompetent.

    • @TeamBTC17
      @TeamBTC17 3 года назад

      Agreed! So well said.

  • @douglascarlson9006
    @douglascarlson9006 3 года назад +2

    I've done my research on this and I disagree with Mr. Cohen ... the sons did know, they had to know!

  • @MoreThanYouTimesTwo
    @MoreThanYouTimesTwo 3 года назад +2

    Finally a good use for Maddof, FERTILIZER

  • @jmichaelewan8455
    @jmichaelewan8455 3 года назад +3

    140 years to go!

  • @colemant6845
    @colemant6845 4 года назад +3

    Very professional presentation. Calm, Collected, Intelligent. Well done. I'm a subscriber.

    • @RG-iw7py
      @RG-iw7py Год назад

      Really? It;'s very biased. He raises compassion towards Madoff. Seem to believe him but not his family. Not much about role of regulators and JP Morgan. Nothing about possibility of Madoff being a narcissist or having narcissistic personality, maybe of covert narc: controlling, pathological liar, unassuming. 'Honest moment' could be just a grab for attention. Someone with such character doesn't change. Maybe earlier was 'helping' his 'favorite' clients and was lucky it wasn't discovered, seems nobody wants to check it. If in the prison he's got attention of media, 'respect' of inmates he's in his paradise. Many narcs are highly functional and are used as politicians, etc. JP Morgan did well but attention is on the puppet.

  • @_pjd
    @_pjd Год назад +1

    Madoff was a scapegoat.

  • @jameshoran8
    @jameshoran8 Год назад +1

    The all time con was Jim Cramer on his Mad Money Show saying Bear Stearns was a safe bet at $62.00 a share in March of 2008. Two days later, it dropped to $2.00 a share. Cramer said that to get his money out before the stock crashed. CNBC still has him on the air.

  • @10469
    @10469 3 года назад +6

    It’s funny if someone sees me coming they get scared and intimidated,But if they see him coming they have a big smile on there face and give them all the confidence in the world and there Money and yet he’s the one that’s going to take everything from them ..not me.

    • @enniswhalen2428
      @enniswhalen2428 3 года назад

      @ 10469 - What if Trump pardons him ?

    • @10469
      @10469 3 года назад

      @@enniswhalen2428 Would that make it OK if he pardon someone who stole billions of dollars? Who was sentenced by the court to life in prison.

    • @enniswhalen2428
      @enniswhalen2428 3 года назад

      @@10469 - I would say that the answer is "No! ", but 'tis the season for a bunch of criminals being pardoned . . . .

    • @RG-iw7py
      @RG-iw7py Год назад

      Please, kindly look up Narcissistic Red Flags, Dr. Ramani, Michelle Lee Nieves, Sam Vaknin (self aware narc with 190 IQ) because you may be feeding some already. Madoff shows traits of covert narc ad it's extremely difficult to recognize them, not to fall for psycho manipulations.

  • @morecm3322
    @morecm3322 5 лет назад +8

    greed , he will meet his maker and have to face what he did to so many people. I see his wife in Greenwich ct she lives near there, she is living very well. people ask did she know.. I have no idea but she lost her son.

  • @James_Bowie
    @James_Bowie 2 года назад +2

    Madoff's sons ran the trading operation that Madoff claimed to be using to make the trades, yet they never saw one such transaction. Don't try to tell me that they were "surprised" to learn about the fraud.

    • @RG-iw7py
      @RG-iw7py Год назад

      There were separate two companies and he called one 'his business'. One son felt used later because father would show their clients well prospering company sons worked for. He kept them away from 'his business'. Look at their actions. They brought in authorities. One son made mother choose between seeing father or grandchildren, set boundaries. Madoff could be a covert narcissist. They use gaslighting, manipulation, emotional abuse, etc. Father destroyed their life. If he is a narc he could be patological liar. He had audacity to regret pleading guilty as if he was innocent. That's typical for narcs to show themselves as victims. And shame for these journalist for whitewashing him, raising compassion for him, believing him but not family.

  • @mamatrain100
    @mamatrain100 3 года назад +1

    Isn't it sad how normal non violent offenders can die of neglect in our prison system, but this man who harmed so many gets it easy.

    • @mamatrain100
      @mamatrain100 3 года назад

      @Donnell Mihoch with medical care. Unlike the austere situation regular prisioners must endure. Including the cost shifts to their families.

  • @aaronwise1089
    @aaronwise1089 5 лет назад +24

    I can tell you right now that the only person who’s thumbs’d down this video is Maddoff himself

  • @luukeluketer1024
    @luukeluketer1024 5 лет назад +11

    He'll probably meet Elizabeth Holmes soon.........

  • @nigelbutlerr7294
    @nigelbutlerr7294 Год назад +1

    He reaped what he sowed.
    New testament, Jesus Christ

  • @willppp
    @willppp 5 лет назад +3

    Half of this is so boring I want to sleep while at the same time it is so interesting

  • @jeanareed1854
    @jeanareed1854 3 года назад +4

    I don’t think the sons knew. They were embarrassed and shocked.

  • @brianbelton3605
    @brianbelton3605 3 года назад +12

    I got in the stock market (one of the major money managers) in 2006. By 2007 I lost 80% of my investment. I WISH I invested with Bernie Madoff, because people got 60+ % back.

    • @empty-ed
      @empty-ed Год назад +1

      My old boss lost 85% of his total capital .
      He was an extremely tight individual and wasn’t the best of payers . I am very grateful that karma got him in the end . Ha

  • @raymondperales6612
    @raymondperales6612 4 года назад +1

    The greatest Con man of all time.

  • @sleepn_on_me2473
    @sleepn_on_me2473 5 лет назад +7

    If there's something I've learned from wAtching videos of this over the years....
    Nobody, and I mean nobody ever beats the market

    • @scallaghan2118
      @scallaghan2118 3 года назад +1

      Yes. They can do well in the market if they are intelligent, but beating the market is the realm of crooks like Bernard Madoff.

    • @sleepn_on_me2473
      @sleepn_on_me2473 3 года назад

      @@scallaghan2118 agreed

    • @12345fowler
      @12345fowler 3 года назад

      @@sleepn_on_me2473 Yep, that one should be encrypted in all corners of Wall Street.

    • @nicholaskelly6375
      @nicholaskelly6375 3 года назад

      I would go further. You cannot beat the system period. However what you can do is manipulate the system to your advantage. Now the really successful people know this and cut their cloth accordingly.
      Trouble is people like Bernie L Madoff don't realise this and go too far.

    • @SeanP7195
      @SeanP7195 2 года назад

      You never heard of Joe Kennedy then

  • @smartyjonez7238
    @smartyjonez7238 5 лет назад +11

    Oh please. Most people who invested with him
    We’re very rich and about 90 percent of the money has been recovered

    • @fulaan1
      @fulaan1 4 года назад +1

      Smarty Jonez references???

    • @nettiea9384
      @nettiea9384 3 года назад

      Dead ass wrong... this guy took money from everyone. Even his family. some ppl literally committed suicide cuz they lost their entire livelihoods. Im not talking about his son. U shd read the book cuz u couldnt be more wrong.

    • @jackdempsey9644
      @jackdempsey9644 3 года назад

      I think The better way to say that would be many of his investors believed that he was doing insider trading so in reality they were OK with it being a crime as long as it made them money. But, 90% not even close. He took money from people who didn’t even have a lot of money and ruined their lives.

  • @avrahamavraham5977
    @avrahamavraham5977 5 лет назад +10

    He and his family got justice / karma

    • @user-qr7eb1sf3l
      @user-qr7eb1sf3l 5 лет назад +2

      Avraham Avraham his son’s death isn’t justice

  • @pendejo6466
    @pendejo6466 3 года назад +1

    Only "29 million dollars?" That's not much.

  • @HowItHappened
    @HowItHappened 4 года назад +2

    They should have called this a podcast

  • @tannenbaum7594
    @tannenbaum7594 4 года назад +4

    Where is the interview,dammed ?

  • @patriciapeever9560
    @patriciapeever9560 5 лет назад +12

    I feel sad that his sons have passed AWAY..I BELIEVE that his sons did NOT know their FATHER was such a DISHONEST..MAN...

    • @maggiemae7749
      @maggiemae7749 5 лет назад

      I think the one who committed suicide knew

  • @jeffez6572
    @jeffez6572 3 года назад +2

    Did he just say “ I think it’s important to get in his head”. Then 2 min later say you can’t get in his head???

    • @Lovinlife1234
      @Lovinlife1234 3 года назад +1

      I picked up on that too!!!...he was so inconsistent in this interview...and of course at the end he was critical of madoff and had to be because so many was critical of his interview of madoff...this whole interview was so disingenuous on so many levels!

    • @Lovinlife1234
      @Lovinlife1234 3 года назад +1

      Btw..I admire your perception of noticing that inconsistency !!!

    • @TeamBTC17
      @TeamBTC17 3 года назад

      Absolutely. It was very professional but really nothing new. I think it’s more to do with the reporters ‘meeting the big fish’.

  • @gottgaame
    @gottgaame 5 лет назад +49

    My heart goes out to those that lost their life savings 401k investment in general and mentally hopefully they can see money isn’t everything. Mentally many of them trust no one

    • @label1877
      @label1877 5 лет назад +11

      All investors got over 60% of their principle back through government recovery. I don’t feel sorry for the investors. Who guarantees a 12-15% return and assumes all is legit? Most knew something was not right.

    • @neldaguisande9081
      @neldaguisande9081 3 года назад

      J

    • @neldaguisande9081
      @neldaguisande9081 3 года назад

      J

    • @neldaguisande9081
      @neldaguisande9081 3 года назад

      J

    • @chrischrin
      @chrischrin 3 года назад +3

      @@label1877 12-15 wasn’t much to raise a flag

  • @borisdd89
    @borisdd89 3 года назад +5

    So I just started watching this and I am already asking questions.. why did the photographer push him at 00:09 ??

    • @Foundinthewoodsbushcraft
      @Foundinthewoodsbushcraft 3 года назад +1

      Boris, I don't think that was a photographer. I think that was one of his victims that lost all their life savings to Bernie.

  • @leeparker7692
    @leeparker7692 5 лет назад +8

    WHY DO WE GIVE PEOPLE LIKE HIM A PLATFORM!!!!!!!!!

    • @rebeccaknudsen6190
      @rebeccaknudsen6190 5 лет назад +4

      Those who don't know history are destined to repeat it or be taken advantage of by it.

  • @justsaying9483
    @justsaying9483 3 года назад +1

    Everyone was blinded by greed

  • @mynameis.maniii571
    @mynameis.maniii571 3 года назад +1

    anybody else is e-learning and was assigned to watch dis vid. i gotta take 10 notes

  • @stanleyhood4343
    @stanleyhood4343 4 года назад +5

    Right now jail is probably the safest place for him.

  • @dmimz8593
    @dmimz8593 4 года назад +9

    First of all, his wife sons and bro knew wtf he was doing. His wife took 15 mil out days before the collapse. They should of took allll there money every penny and put them in jail. It’s a disgrace she got to keep anything.

  • @randy944
    @randy944 5 лет назад +11

    Hard to believe he was never audited by IRS

    • @doug132639
      @doug132639 5 лет назад

      HI MAN HE WAS A JEW.. AND HAD MONEY, EASY PEASY..

    • @chrisj197438
      @chrisj197438 5 лет назад +1

      Jd Fergusson
      Exactly. In fact I doubt he’s in prison at all. Probably living in Israel under a false name

  • @yondel-kttkoh3948
    @yondel-kttkoh3948 5 лет назад +5

    Ok tell me something I didnt know already!