Madoff's Ponzi Scheme
How did Madoff's Ponzi scheme thrive?
4.4 (36)
64 mins
Explore how Bernie Madoff manipulated social trust, financial loopholes, and regulatory blind spots to sustain his Ponzi scheme for decades. Discover how key investors, hedge funds, and even the SEC overlooked glaring red flags, enabling the fraud’s expansion.
Ep 1:
The Two Faces of Bernie Madoff
Bernie Madoff built a dazzling Wall Street reputation on one side and a secret, opaque investment operation on the other—discover how his early arbitrage tricks laid the groundwork for history's largest fraud.
Ep 2:
Trust, Family, and the First Feeder Funds
Trust proved more powerful than due diligence, as figures like Mike Engler and Stanley Chais funneled friends, family, and fortunes into Madoff's orbit, birthing the feeder fund networks that fueled his scheme.
Discussions (5)
Niles
Level 2 · 3 mo agoPissing myself that Madoff kept a 50 billion scheme afloat just by typing fake numbers into an Excel spreadsheet. Just a lot of folk on Wall Street who clearly have room temp IQs.
Jonathan
Level 2 · 3 mo agoIt's basic math but the SEC still ignored it lol
Hal
Level 3 · 3 mo agoNo way! His sons definitely knew about the fraud.
