In general I agree. But it also comes with the embarassment that you failed at your job. So to avoid the embarassment you do nothing. Kick the can down the road. Hope it becomes someone else's problem. And I'd also further add that government agencies being government agencies, the people in the trenches don't want to deal with an obvious pain in the @$$ situation. You know you will be putting a lot or resources into investigating and even starting the process throws your daily work schedule into chaos. So the lower level people just ignore the report on their desk. Case in point, I once had a manager who was very old school. He hated email. He wanted everything in paper copy. You literally could not see the top of his desk because of all the paper covering it. When he finally retired, some of the papers at the bottom had turned yellow they had been there so long. I'm sure there was many things on that desk that just got ignored and the people who submitted the requests simply gave up on it. That was probably exactly what happened in the Madoff case.
Greed was well with Madoff but also with his investors. They didn't care that the returns were abnormal and made no sense - they just kept coming. Why anyone would put the whole of their wealth in another person's trust is beyond me.
A 12% return isn’t really all that unbelievable. Obviously 18% is super ridiculous. However you can’t really blame some of those people who trusted Bernie thinking if something was up the government would have caught him.
*Universal Dispute* doesn't just stop at recovery; they are also actively involved in bringing these criminals to justice. Their efforts have led to the takedown of numerous scam operations, providing a sense of closure and justice to the victims. Moreover, their commitment to educating the public about the dangers of romance scams helps prevent future incidents. By raising awareness and providing resources, they empower individuals to recognize and avoid potential scams.
cause he the reason all them people lost their money every last 1 of madoff clients had been fine for years with no problems ponzi scheme or not everybody was paid & happy & had the weak poor excuse of a man whistleblower minded his business everybody dealing with madoff would still be getting money & happy the whistle blower ruined a lot of people pockets & caused a few deaths
He wasn’t a whistle blower. He had no inside knowledge. The guy was just a competitor that found a cheater in his industry that was protected by the SEC.
Why does Human greed or gullibility shock you..?? It's the foundation stone of the Capitalist economy we all depend on..? Mostly it works ...better than any other system..?
I wonder how long Ernie Madoff thought his Ponzi scheme would last without the market crash in 2008-2009. Since this is a fraud, soon or later it is going to collapse and be exposed.
It’s frightening where we’re going as a society. It’s looking so rapidly different in many of the wrong ways as far as free speech and democracy go. Or what’s left of it, anyway. Almost seems like an illusion at this point.
I believe bc he was a cooperating witness. there have been hit men who while giving them evidence are still conducting business . so im not sure what u mean
Bcs it's not real. These are all actors to make the sheep feel like they're doing their job the enslaved tax payers are paying for. It's a masquerade for the masses. They're all criminals.
You and your team and your associates are absolute legends. Thanks so much for the Work that you've all been doing *Universaldispute* . Keep up with the great work, you've been doing!! Thank you for saving and protecting millions of European FROM this heartless People... What comes around, goes around!!!!! Let them have it!! God bless your heart for helping us the victims...
I feel really bad for the sons, who lost everything, including their honest business. It sounds like Mrs Madoff also was not culpable, but her attitude suggests she is above it all and has no idea of the impact on regular people. I am not sure why she gets to keep $3 million. Why not take it all and have her live on Social Security like many of her husband's victims. It is not that I want her to suffer, but it seems all of their wealth came from the proceeds of Bernie's grand theft, and therefore qualifies for clawback.
Every one should have a dedicated person like you on online People dream of hiring such a talented person like you. Keep up the hard work thank you so much for your dedication in this process, thank you for your commitment to your job. Your outstanding performance helped me a lot *universaldispute*
Transparency and integrity are core values at #UniversalDispute. They maintain open lines of communication throughout the entire process, keeping us informed and involved. This level of transparency fosters trust and reassures us that our concerns are being handled with the utmost
THE MADOFF RULE: if ur rich, steal from the poor, but don't EVER steal from anyone richer than you. THE EPSTEIN RULE: if ur rich, don't EVER threaten to spill secrets of anyone richer than you.
It's amazing that Madoff could pull this off, especially when SEC supposedly investigated him and his "investments." He made not even one. What surprises me is his wife was able to keep a tidy sum whereby his victims all wound up dead broke.
Greed to the extreme in the name of a fake luxury life! It's really sad and a curse fate that took over the entire family. The worst of human behavior, the white collar predators .
I found it fascinating that some hedge fund managers knew damn well he was a crook. But they believed he was THEIR crook. Amazing all around & pointed out the utter uselessness of the silly, pointless, toothless SEC.
It's nonsense to say that Markopolos was the first to work out what Madoff was doing. Plenty of Wall St. Insiders knew damn-well that Madoff was a crook. That's why they refused to have anything to do with him. Madoff's bankers also knew he was crook, because they saw that he wasn't making any of the trades he claimed to be making and that his company's only source of revenue was his so-called 'investors.'
@@CarrieFinley-g1m Of course they didn't. People who live in glass penthouses seldom thrown stones. Markopolos went to the SEC, but his analysis was buried. The Feds were apparently more interested in protecting confidence in the wider financial system, rather than enforcing the law. Madoff's complicit bank eventually had to cough up around one billion $, but not one banker was ever criminally charged.
The government is suing investors who should have known they were involved in a Ponzi scheme, when the government had been alerted but did nothing to warn investors until it collapsed. Makes sense.
@@Krisha158 Thought the same. He would have made an even better story of it. I think that if Paul Schraeder and Martin were still working with one another, they'd have tried to make something of it.
Mr Madoff didn't steal $60 billion dollars. He re-distributed the money among greedy millionaires and institutions who believed that a market could sustain a 12% annual yield, constantly for years. Zero sympathy for the investors.
I would suspect that his wife didn't ask many questions likely perhaps due to her having little or no interest in the business and she was likely happy and very satisfied raising two sons who turned out wonderfully. Along with this she would have enjoyed a reasonable social standing in the community due to Barney's standing in the industry and the good life she would have had.
They knew. There was no explanation meeting, there was just a “we are busted so let’s do plan A”…. Notice how even the son’s wife and mother words try to convince everyone that they didn’t know. No sorrow, remorse, just excuses. The son was the only honorable one who coy Don’t live with the GUILT.
Yes, absolutely, I feel terrible for the people whose lives were ruined by this scheme... But, then - an immutable tenant of economic cycles is: to consistently outperform market trends on such a sustained level and for such a sustained length of time... I am somewhat gobsmacked that none of these people had someone in their lives persistently cautioning, even where becoming a nuisance when doing it...of the extreme implausibility of being that..."lucky." If I am playing a roulette wheel, I would be as equally suspect it was rigged - whether I always lost or I always won.
It's ok. He scammed rich people with way too much money and way too much greed. And then lost it all and died alone, abandoned by his equally greedy family in prison. For me, this is a win-win.
You have no idea what you’re talking about. He scammed rich people AND many middle class people who lost their entire life savings. Who are you to judge without knowing anything?
I do believe Ruth. Not saying that she didn't suspect anything. But she did and still supports him in some way. You can't blame someone for being blinded by love. She might've lost more than any of them. Karma is a heavy price to pay for greed. Everyone lost in the end. Be careful what you ask for.
Largest known!! Kenny griffin of citadel is still running BM payment for order flow....the new winner for largest is about to be crowned. Power to the players
Can you explain more? I really don’t like payment for order flow it rubs me the wrong way. Something I took into account when I chose Fidelity for my brokerage. I like the way they execute orders. Citadel and Robinhood did customers dirty during the short squeeze.
It's nonsense to say that Madoff stole that amount. When he was finally arrested, Madoff controlled about one billion $, but on paper, his fake hedge fund was once supposed to be worth 60 billions.
It’s impossible that a company with $65B equity. Only the head knows the reality. Those bank accounts always are checked by several people in the company . Plus the fact that of her no filling for a divorce make me think there is money somewhere.
This whole version about the family members knowing nothing... ridiculous. The sons ran a trading firm that practiced real stock trades. Two floors down, the investment business says it's buying and selling stocks, yet, the sons never wondered why their own father's investment business didn't use their own trading firm to buy and sell those stocks? The sons never wondered why they hadn't bought or sold a single stock from/for their own father's investment business? Right. Sure.
The fact that the sons wife will make a profit from the book just screams that they’re trying to recoup the money, how bout sending the profits to those who actually lost something valuable
I think it’s very interesting both Bernie and Ruth outlived their sons by a good amount of time. In fact, the only one still living is Ruth and she’s in her 80’s. Normally, children outlive parents but not here. I just think it’s interesting.
David Boise himself invested in Elizabeth Holmes scam and was fighting like a pit bull for her by threatening the people who raised concerns. No wonder Dershovitz wanted to disbar him on many occasions. Now is flipping on the other side.
Allen Dershowitz is a name which always comes up when it involves criminals. Yes he is a lawyer, but look at his client roster: Donald Trump, Jeffrey Epstein, Harvey Weinstein, O J Simpson, Sholom Rubashkin, just to name a few. Dershowitz admitted that he “took advantage” of a “massage” at Jeffrey Epstein’s home, but said “he kept his shorts on”. The underage girl said she was sexually molested by him six times. The case was settled out of court (meaning he paid for her silence). DOJ & FBI look the other way because of the “don’t tell” rule. Power = Silence
The son is so full of crap, nonsense, trying to gain sympathy, and he makes me sick. All of a sudden he is a hero who wouldn’t bail his father out? After all the money his father gave him he would just leave him hanging? No honor, all greed, and I’m glad the dude is almost homeless….
lol, exactly what I was thinking. These lawyers always take a very high percentage. Ok if if it’s a very small amount but 40-60% of millions or billions could help recover more for the swindled clients.
How does he not ask the son "You say you didn't know, but have you ever known a firm with consistent 12% annual returns? Are you lying or really that stupid?"
Lots and lots of palms were greased over decades to pull that scam off. Nobody on their own could commit a crime of that size. All of it including the investors (victims) was driven by greed
I do not believe the sons knew at all. Their father they knew their whole lives. Investigated and cleared by the SEC, he was the chairman of the Nasdaq. Worked on a different floor completely. I believe the sons. But not the mother.
And the son was worse. No honor and left his father hanging after the millions after getting millions. His wife and him spend all their time n how innocent they were but never say sorry OR give any money back voluntarily!!
2024 now. Both sons are unfortunately dead. Madoff died in 21. I understand why people are trying to throw blame, but Mrs Madoff was clearly also a victim. You’re talking they were billionaires, why would she suspect anything wrong after so long? And both of his sons turned him in, paid the price. You know it’s weird, I do think Madoff was a genius, maybe not a financial one, but he definitely understood the rules enough to power on.
I don't think the sons knew. They worked in the legitimate side. Parents can hide a lot from you, especially domineering parents. May the son who committed suicide rest in peace. The son is not to blame for the sins of their father. My sympathy to all the victims of Madoff.
It looks like Bernie's wife is giving off too many facial cues that she knew what was going on for quite awhile. She certainly looks and sounds like she's lying.
To watch this now 15 years or so later I have some sympathy for his family and what his kids and wife had to deal with. obviously for the victims that lost everything. I remember having no sympathy for his family when this happened. I was almost 30. It's crazy how ones perspective can change.
@@brandonbrown4819 No one is actually "Israeli". They're Turkish, Austrian, Slavic, or European who emigrated to Palestine and took the locals' houses and land.
@@BOBMAN1980 It doesn't matter if you say they are all from Loompa Land or are Chinese Zen Buddhists!! the suggestion that Bernie gave all the Money to Israel or AIpac is lunatic drivel
Andrew's and Ruth's words ring hollow. When Andrew was asked if the father emphasized moral values. He said, he wouldn't say they discussed moral values but lived a moral life with a sense of right and wrong. That must have been on a sliding scale and as long as they got theirs off the top. For the other investigations they squeezed in just when they just ran out of morals, doggone it!! A thief by any other name is still a thief -all of them.🤬😡
@@jasonbourneistreadstone sure did. Now they're asking the public to go along with their brand of morals. More like and now you see it and now you don't..
Admirable job, *UniversalChargeBack* I'm glad to see you actively combating these individuals who lack integrity. We must prioritize the protection of the elderly and the wider public from these reprehensible scammers! Well done, my friend!! You deserve the Nobel Peace Prize for your commitment to keeping us safe.!!!!!
9:54 these people are really bad self investors. I feel sorry for them, having money never means you’re good with it. 12% a year, what planet are you on ! Got greedy, felt like they could beat markets. You can’t !
![Noob To Max With DRAGON REWORK In Blox Fruits [FULL MOVIE]](http://i.ytimg.com/vi/LnBMOinoOvA/mqdefault.jpg)
When government ignores and doesn’t immediately take action, someone is benefiting
All the higher ups
In general I agree. But it also comes with the embarassment that you failed at your job. So to avoid the embarassment you do nothing. Kick the can down the road. Hope it becomes someone else's problem. And I'd also further add that government agencies being government agencies, the people in the trenches don't want to deal with an obvious pain in the @$$ situation. You know you will be putting a lot or resources into investigating and even starting the process throws your daily work schedule into chaos. So the lower level people just ignore the report on their desk.
Case in point, I once had a manager who was very old school. He hated email. He wanted everything in paper copy. You literally could not see the top of his desk because of all the paper covering it. When he finally retired, some of the papers at the bottom had turned yellow they had been there so long. I'm sure there was many things on that desk that just got ignored and the people who submitted the requests simply gave up on it. That was probably exactly what happened in the Madoff case.
It's not a task of the government to stand between the greedy and the stupid and their greed and stupidity.
Can't speak up against the tiny hat mafia
🤣🤣🤣
Amazingly, about 90% of the “fraud” losses were recovered. Victims didn’t get their phantom profits back, but the did get their principal back.
Greed was well with Madoff but also with his investors. They didn't care that the returns were abnormal and made no sense - they just kept coming. Why anyone would put the whole of their wealth in another person's trust is beyond me.
Actually they were not that abnormal , the problem was it was always up.
@@mariapilarme if it's always up that's abnormal crazy. No investment is never down
A 12% return isn’t really all that unbelievable. Obviously 18% is super ridiculous. However you can’t really blame some of those people who trusted Bernie thinking if something was up the government would have caught him.
We are all trusting someone. Think about it. I get what you’re saying in this case though.
Harry Markapolos wrote a book about the Madoff ponzi scheme. It's excellent! It's called "No One Would Listen"
Makes you wonder if anyone on the SEC was getting paid off to look the other way.
Excellent one/point dear! 👍👏👍👏👍
They did paid off
Thanks, Sherlock. Guess what, though, you raise an important point. What other industries is this happening in...hint hint FDA, DOJ, etc
@@johngoldsworthy7135 And some really think that their lord and savior Donald Christ will somehow magically fix it all.
@@BradenENelsonhas Biden solved it? Or maybe we should ask hunter ?
*Universal Dispute* doesn't just stop at recovery; they are also actively involved in bringing these criminals to justice. Their efforts have led to the takedown of numerous scam operations, providing a sense of closure and justice to the victims. Moreover, their commitment to educating the public about the dangers of romance scams helps prevent future incidents. By raising awareness and providing resources, they empower individuals to recognize and avoid potential scams.
That whistle blower is the economic equivalent of Batman... Does a excellent job but everyone hates him... Very sad 😢
cause he the reason all them people lost their money every last 1 of madoff clients had been fine for years with no problems ponzi scheme or not everybody was paid & happy & had the weak poor excuse of a man whistleblower minded his business everybody dealing with madoff would still be getting money & happy the whistle blower ruined a lot of people pockets & caused a few deaths
I like Batman !
He wasn’t a whistle blower. He had no inside knowledge. The guy was just a competitor that found a cheater in his industry that was protected by the SEC.
A bit like Jesus.
Yes but the people of Gotham didn't.... And that guy literally recieved a whistle as a award 🤔
So many years later and the scheme of Madoff still shocks me.
Why does Human greed or gullibility shock you..?? It's the foundation stone of the
Capitalist economy we all depend on..?
Mostly it works ...better than any other
system..?
Why?
I wonder how long Ernie Madoff thought his Ponzi scheme would last without the market crash in 2008-2009. Since this is a fraud, soon or later it is going to collapse and be exposed.
Profits over people is NOT a good or better system.
Same here
Wow, a whistleblower who was not sacked, not had their reputation trashed or even jailed. How times have changed.
Because he robbed the rich as much as he did the poor, otherwise he would still be running along
And not found dead under very suspicious circumstances like the two Boeing whistleblowers John Barnett and Joshua Dean
It’s frightening where we’re going as a society. It’s looking so rapidly different in many of the wrong ways as far as free speech and democracy go. Or what’s left of it, anyway. Almost seems like an illusion at this point.
I believe bc he was a cooperating witness. there have been hit men who while giving them evidence are still conducting business . so im not sure what u mean
Bcs it's not real. These are all actors to make the sheep feel like they're doing their job the enslaved tax payers are paying for. It's a masquerade for the masses. They're all criminals.
You and your team and your associates are absolute legends.
Thanks so much for the Work that you've all been doing *Universaldispute* .
Keep up with the great work, you've been doing!!
Thank you for saving and protecting millions of European FROM this heartless People...
What comes around, goes around!!!!! Let them have it!!
God bless your heart for helping us the victims...
I feel really bad for the sons, who lost everything, including their honest business. It sounds like Mrs Madoff also was not culpable, but her attitude suggests she is above it all and has no idea of the impact on regular people. I am not sure why she gets to keep $3 million. Why not take it all and have her live on Social Security like many of her husband's victims. It is not that I want her to suffer, but it seems all of their wealth came from the proceeds of Bernie's grand theft, and therefore qualifies for clawback.
When somebody says it’s virtually impossible to violate the rules it means they are doing it themselves and they don’t want competition.
Every one should have a dedicated person like you on online People dream of hiring such a talented person like you. Keep up the hard work thank you so much for your dedication in this process, thank you for your commitment to your job. Your outstanding performance helped me a lot *universaldispute*
1:24 "and blew the whistle" legendary
Transparency and integrity are core values at #UniversalDispute. They maintain open lines of communication throughout the entire process, keeping us informed and involved. This level of transparency fosters trust and reassures us that our concerns are being handled with the utmost
No amount of money is worth the pain of losing your child. So sad for all parties involved with the exception of Bernie.
Not all children are great.
THE MADOFF RULE: if ur rich, steal from the poor, but don't EVER steal from anyone richer than you.
THE EPSTEIN RULE: if ur rich, don't EVER threaten to spill secrets of anyone richer than you.
something these two guys have in common. hmmm....
The key 🗝 to life
Unless you are the US gov…that’s a license to steal. It’s called “taxes”.
Trump doesn’t want to spill the Epstein beans that’s for sure.
Like him or loathe him, there's no denying he had a brilliant Mind!
It's amazing that Madoff could pull this off, especially when SEC supposedly investigated him and his "investments." He made not even one.
What surprises me is his wife was able to keep a tidy sum whereby his victims all wound up dead broke.
She lives in a nursing home and has two dead children and a dead criminal husband. To be honest I feel bad for her.
Greed to the extreme in the name of a fake luxury life! It's really sad and a curse fate that took over the entire family. The worst of human behavior, the white collar predators .
Normal human behavior.ecentric rules made it famous
That's better. 60 minutes. TIME STAMP. Be honest. It's good you listened.
I still think its waaay ironic that the last name was madoff 😂😂
It was called greed. That’s what kept him going.
The names of the people at the SCC who failed to do their job, should have been included. They should have been investigated as well.
SEC, sorry.
🤣🤣🤣🤣
Jim simmon said he couldn’t see maddofs trades moving the markets so he removed his money 😂😂, very smart man
You all are great actors. 🎭
Netflix special on this was soooo good
I found it fascinating that some hedge fund managers knew damn well he was a crook. But they believed he was THEIR crook. Amazing all around & pointed out the utter uselessness of the silly, pointless, toothless SEC.
It's nonsense to say that Markopolos was the first to work out what Madoff was doing. Plenty of Wall St. Insiders knew damn-well that Madoff was a crook. That's why they refused to have anything to do with him. Madoff's bankers also knew he was crook, because they saw that he wasn't making any of the trades he claimed to be making and that his company's only source of revenue was his so-called 'investors.'
They knew, but did they report?
@@CarrieFinley-g1m Of course they didn't. People who live in glass penthouses seldom thrown stones. Markopolos went to the SEC, but his analysis was buried. The Feds were apparently more interested in protecting confidence in the wider financial system, rather than enforcing the law. Madoff's complicit bank eventually had to cough up around one billion $, but not one banker was ever criminally charged.
The government is suing investors who should have known they were involved in a Ponzi scheme, when the government had been alerted but did nothing to warn investors until it collapsed. Makes sense.
The Robert de Niro movie is excellent with Michelle Pfeiffer as Ruth...great performance
She looked so much like his wife. Great film
What’s that movie called
I was just thinking there should be a Scorsese movie. It would be amazing
@@Krisha158 Thought the same. He would have made an even better story of it. I think that if Paul Schraeder and Martin were still working with one another, they'd have tried to make something of it.
@@mymymyersThe Wizard of Lies
I would check the income levels of the SEC employees involved and compare it to their lifestyles
🤣🤣🤣🤣
Mr Madoff didn't steal $60 billion dollars. He re-distributed the money among greedy millionaires and institutions who believed that a market could sustain a 12% annual yield, constantly for years. Zero sympathy for the investors.
Zero sympathy for the carpenters whose pension funds were invested? How would they know what was happening?
🤣🤣🤣🤣
@@BrianCrouchCorrect. Zero. Any investor knows that level of return is not realistic.
@@urofseron they're carpenters. They hired a pension management institution. The fiduciary is to blame for lack of due diligence.
I would suspect that his wife didn't ask many questions likely perhaps due to her having little or no interest in the business and she was likely happy and very satisfied raising two sons who turned out wonderfully. Along with this she would have enjoyed a reasonable social standing in the community due to Barney's standing in the industry and the good life she would have had.
They knew. There was no explanation meeting, there was just a “we are busted so let’s do plan A”…. Notice how even the son’s wife and mother words try to convince everyone that they didn’t know. No sorrow, remorse, just excuses.
The son was the only honorable one who coy
Don’t live with the GUILT.
@@dirkaminimo4836
I don't think the wife knew, but the sons and a handful of high rollers I'd say definitely knew what was going on
Who is "Barney"? You mean "Bernie"?
Definition of family 💯 ‼️
Yes, absolutely, I feel terrible for the people whose lives were ruined by this scheme...
But, then - an immutable tenant of economic cycles is: to consistently outperform market trends on such a sustained level and for such a sustained length of time...
I am somewhat gobsmacked that none of these people had someone in their lives persistently cautioning, even where becoming a nuisance when doing it...of the extreme implausibility of being that..."lucky."
If I am playing a roulette wheel, I would be as equally suspect it was rigged - whether I always lost or I always won.
It's ok. He scammed rich people with way too much money and way too much greed. And then lost it all and died alone, abandoned by his equally greedy family in prison. For me, this is a win-win.
Faked his death like his alter Jeffrey Epstein
You have no idea what you’re talking about. He scammed rich people AND many middle class people who lost their entire life savings. Who are you to judge without knowing anything?
I do believe Ruth. Not saying that she didn't suspect anything. But she did and still supports him in some way. You can't blame someone for being blinded by love. She might've lost more than any of them. Karma is a heavy price to pay for greed. Everyone lost in the end. Be careful what you ask for.
She seemed like a simple minded woman.
Largest known!! Kenny griffin of citadel is still running BM payment for order flow....the new winner for largest is about to be crowned. Power to the players
Can you explain more? I really don’t like payment for order flow it rubs me the wrong way. Something I took into account when I chose Fidelity for my brokerage. I like the way they execute orders. Citadel and Robinhood did customers dirty during the short squeeze.
When the SEC got embarrassed on a national level and nothings ever been the same.
Madoff stole 50,000 milion dollars.... That's incredible
60 billion, actually.
You could even say he ..madoff with 50 billion dollars ....
It's nonsense to say that Madoff stole that amount.
When he was finally arrested, Madoff controlled about one billion $, but on paper, his fake hedge fund was once supposed to be worth 60 billions.
Probably, 5 times more than what is told to the media.
@@Carl-b1q What the media has always reported, is what Madoff merely pretended the value of fake hedge fund to be.
"She cooked" so obvious she had never cooked before. This was when she realized it was over.
And his wife blamed it all on the gentiles. Can you believe it!!
Lol what?
look at his eyes and scan his voice, he is one of those that bring chaos to whole societies. I dont believe a word outta his mouth.
@@PaintballVideosNetagree! What???
@@PaintballVideosNethello fellow paintballer! Hope you have a good day buddy! 😊
I think you might need medication dear…
Such a great timing! Reuploading it now, at this market state, that's the kind of dark humor I prefer! So history does not repeat itself, right?
He feels bad about his father's decision but not bad enough to give up the stolen money. Yeah buddy
At least he's not stupid.
Bernie likes himself so much that he took his own story as an example to lecture others😂
Educate yourself and trust nobody with your money without you understanding the what, the when and the HOW?
It’s impossible that a company with $65B equity. Only the head knows the reality. Those bank accounts always are checked by several people in the company . Plus the fact that of her no filling for a divorce make me think there is money somewhere.
this was tough to read. edit with chat gpt
This whole version about the family members knowing nothing... ridiculous. The sons ran a trading firm that practiced real stock trades. Two floors down, the investment business says it's buying and selling stocks, yet, the sons never wondered why their own father's investment business didn't use their own trading firm to buy and sell those stocks? The sons never wondered why they hadn't bought or sold a single stock from/for their own father's investment business? Right. Sure.
Notice on 60 minutes Australia comments are turned off, in other words censored, so that deception cannot be publicly disputed.
That is why I don’t watch Australia 60 minutes. The whole point of internet is to allow people’s opinions.
its like that for several austrailian news channels. guessing it may be some policy.
@@LondonCalling12 Yeah I wonder what the sappiest and wokist country in the world could be hiding.
Is there freedom of speech in Australia or why the censoring?
I believe the family didn’t know. If he was smart enough to rip people off then he knew to keep the family out of it.
They have little beady eyes, and LOOK guilty. The fact that there were never any trades would have exposed everything. They knew…..
I don't think the wife knew but I reckon the sons definitely knew
They traded in their own business. It would be easy to identify the signs.
Most ungrateful son ever …….
The fact that the sons wife will make a profit from the book just screams that they’re trying to recoup the money, how bout sending the profits to those who actually lost something valuable
I think it’s very interesting both Bernie and Ruth outlived their sons by a good amount of time. In fact, the only one still living is Ruth and she’s in her 80’s. Normally, children outlive parents but not here. I just think it’s interesting.
David Boise himself invested in Elizabeth Holmes scam and was fighting like a pit bull for her by threatening the people who raised concerns.
No wonder Dershovitz wanted to disbar him on many occasions. Now is flipping on the other side.
Allen Dershowitz is a name which always comes up when it involves criminals. Yes he is a lawyer, but look at his client roster:
Donald Trump, Jeffrey Epstein, Harvey Weinstein, O J Simpson, Sholom Rubashkin, just to name a few.
Dershowitz admitted that he “took advantage” of a “massage” at Jeffrey Epstein’s home, but said “he kept his shorts on”. The underage girl said she was sexually molested by him six times. The case was settled out of court (meaning he paid for her silence). DOJ & FBI look the other way because of the “don’t tell” rule.
Power = Silence
Ruth’s testimony of attempting suicide is such trash…
Okay mister know it all
The son is so full of crap, nonsense, trying to gain sympathy, and he makes me sick. All of a sudden he is a hero who wouldn’t bail his father out? After all the money his father gave him he would just leave him hanging? No honor, all greed, and I’m glad the dude is almost homeless….
@@dirkaminimo4836
He's still a multi millionaire
@@BillSikes. Andrew died of cancer in 2014.
Aspirin....Ruth has the "little baby" good goo voice......" I'm just a silly little girl "
This all to common TRAGIC STORY is a quintessentially perfect example of MONEY ADDICTION.
lol! Lawyers talking about taking the money back. I bet their fees are exorbitant.
lol, exactly what I was thinking. These lawyers always take a very high percentage. Ok if if it’s a very small amount but 40-60% of millions or billions could help recover more for the swindled clients.
Reportedly the trustee lawyers made $1 Billion
They NEVER lose !!!
How does he not ask the son "You say you didn't know, but have you ever known a firm with consistent 12% annual returns? Are you lying or really that stupid?"
Lots and lots of palms were greased over decades to pull that scam off. Nobody on their own could commit a crime of that size. All of it including the investors (victims) was driven by greed
So who else got an advertisement for a blatant Ponzi scheme at the beginning of this video? 😂😂😂
Picard made 1 billon .. How is that fair? Greedy Lawyer, take 20million and give the rest back to the actual victims.
.
Authorities will never find Ruth’s money.
Bro “Madoff” with everyone’s money
Good I wanted to know as much as I can about this man and the way he makes money
Bernie Madoff... Absolute Legend.. R.I.P. SIR
An inspiration, but also a putz. If he had made a run for it he would have been known as Bernie Made-off.
No the larges ponzi is the federal reserve
👏👏👏👏
You absolutely right.
Insurers paid Silverstein, Taxpayers paid the families , only in America ; Land of the Fleeced and the Home of the Played
Can we all acknowledge that if the financial crisis doesn't occur that this scheme would still exist today?
Well he’s dead now, so probably not.
I do not believe the sons knew at all. Their father they knew their whole lives. Investigated and cleared by the SEC, he was the chairman of the Nasdaq. Worked on a different floor completely. I believe the sons. But not the mother.
I believe the mother. She didn't even know what a Ponzi scheme was.
Excellent explanation!
43:29 😂😂😂 God said you’re not getting off that easy 😂😂😂
Why do the mega rich always look so weird
There the big J's eeee www s
@@l-jg9lp In your silly mind it's all Js????
@@brandonbrown4819 no just the zionists and bankers
@@l-jg9lp Did you mean "They're"?
@@jake12466 🫤
RUTHIE IS NOT HONEST, .........SHE HAS NO SHAME, LIVING ON THIS DIRTY MONEY.
And the son was worse. No honor and left his father hanging after the millions after getting millions. His wife and him spend all their time n how innocent they were but never say sorry OR give any money back voluntarily!!
Arguably one of the greatest minds of the 20th century
Bernies wife- this is a masterclass: How to make no one feel the least bit bad for you.
I like this video
Everyone around Bernie ARE STILL MILLIONAIRES!!!!!
SEC dropped the ball
The SEC investigated Madoff no less than 6 times. Each time, the investigation was ordered closed from the top.
The SEC did the same thing for SBF and ftx.
SBF videos brought me here. IYKYK.
You all helped him get away with it!!
it's the greed blinding their eyes and senses.
The largest ponzi of all time is the US bond market
Madoff was a big time democrat!
So was trump
Obviously a despot.....but am still puzzled that his punishment was worse than 90% of murderers. Or rapists.
His crime is arguably worse. He ruined thousands of lives.
It’s just money…
He stole from the rich and powerful, that's why
He was a murderer
Wow, thanks for sharing a lifetime memory some of US still continue to remember the great author & his fantastic book, ALWELEDIM.
2024 now. Both sons are unfortunately dead. Madoff died in 21. I understand why people are trying to throw blame, but Mrs Madoff was clearly also a victim. You’re talking they were billionaires, why would she suspect anything wrong after so long? And both of his sons turned him in, paid the price.
You know it’s weird, I do think Madoff was a genius, maybe not a financial one, but he definitely understood the rules enough to power on.
Only those whom steal from the rich are there consequences ?
I don't think the sons knew. They worked in the legitimate side. Parents can hide a lot from you, especially domineering parents. May the son who committed suicide rest in peace. The son is not to blame for the sins of their father. My sympathy to all the victims of Madoff.
It looks like Bernie's wife is giving off too many facial cues that she knew what was going on for quite awhile. She certainly looks and sounds like she's lying.
To watch this now 15 years or so later I have some sympathy for his family and what his kids and wife had to deal with. obviously for the victims that lost everything. I remember having no sympathy for his family when this happened. I was almost 30. It's crazy how ones perspective can change.
"Where'd the money go?"
Lets look at Israel and AIPAC.
My thoughts exactly.
same !
madoff wasn't Israeli- how silly!
@@brandonbrown4819 No one is actually "Israeli".
They're Turkish, Austrian, Slavic, or European who emigrated to Palestine and took the locals' houses and land.
@@BOBMAN1980 It doesn't matter if you say they are all from Loompa Land or are Chinese Zen Buddhists!! the suggestion that Bernie gave all the Money to Israel or AIpac is lunatic drivel
Andrew's and Ruth's words ring hollow. When Andrew was asked if the father emphasized moral values. He said, he wouldn't say they discussed moral values but lived a moral life with a sense of right and wrong. That must have been on a sliding scale and as long as they got theirs off the top. For the other investigations they squeezed in just when they just ran out of morals, doggone it!! A thief by any other name is still a thief -all of them.🤬😡
Yes. That answer, which doesn't answer the question asked, struck me as a bit.. evasive as well.
@@jasonbourneistreadstone sure did. Now they're asking the public to go along with their brand of morals. More like and now you see it and now you don't..
"I'm gonna go get the papers, get the papers."
I got it!😂
Lol the ticking came on as I was checking my phone. I thought it was a bomb. 😂 I wasn't even watching this show 💀
We can bail out the banks but can't help the victims of this scam?
Regulation is very important ... Sincere prayers up for all the victims of this tragedy 🙏🏽 ...
Made off with it all and the lavish lifestyle for his family. They all paid the price in the end. A lesson needed
Admirable job, *UniversalChargeBack* I'm glad to see you actively combating these individuals who lack integrity. We must prioritize the protection of the elderly and the wider public from these reprehensible scammers! Well done, my friend!!
You deserve the Nobel Peace Prize for your commitment to keeping us safe.!!!!!
Is it possible for the family to take a polygraph test ?
Polygraph tests are BS
The only person alive is Ruth and she’s in a care facility.
@@Otis1330 damn
9:54 these people are really bad self investors. I feel sorry for them, having money never means you’re good with it. 12% a year, what planet are you on ! Got greedy, felt like they could beat markets. You can’t !