Bernie Madoff and The Wizard of Lies Part One
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 17 April 2021
⏱️ 23 minutes
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Summary
With the death of Bernie Madoff earlier this week, Mark and I decided to re-run an interview we did a few years back with Diana Henriques.
Madoff is perhaps the most notorious name in the history of Wall Street.
By now we all know the story. Madoff conducted a Ponzi scheme that is considered to be the largest in U.S. history. Over the course of decades, Madoff stole billions of dollars from his clients and finally, amid the financial crisis of 2008, the crime came to a screeching halt.
How on earth was he able to pull it off for so long, when there were plenty of warning signs and whistleblowers who tried to alert regulators that something was amiss?
One of the journalists covering the scandal was Henriques, then a staff reporter at The New York Times, who specialized in investigative reporting on white-collar crime, market regulation and corporate governance. Diana used her countless hours of work as the lead reporter on the story as a catalyst to write the bestselling book, The Wizard of Lies: Bernie Madoff and the Death of Trust.
Diana had incredible access, including the first interview with an imprisoned Madoff.
Robert De Niro was so drawn to the character of Bernie Madoff as Henriques depicted him, that he bought the film rights to “The Wizard of Lies" and it was turned into a film for HBO.
If you’ve yet to see “The Wizard of Lies,” go watch it. DVR it, stream it, whatever the method, just watch it. It’s incredibly well done and stars Robert De Niro as Bernie Madoff and Michelle Pfeiffer as Ruth Madoff.
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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Transcript
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| 0:00.0 | Welcome to the Jill on Money Podcast, it's Saturday, April 17th. |
| 0:08.6 | If you weren't paying attention midweek was a huge newsweek, you may have missed it, |
| 0:12.5 | but Bernie Madoff, Ponzi Schema extraordinaire, died at the age of 82. |
| 0:17.6 | Now, for those of you who are not entirely familiar with the Madoff story, maybe you're |
| 0:22.5 | young, maybe you're in school, you weren't paying attention, this guy ran a Ponzi scheme |
| 0:27.6 | that was immense. |
| 0:29.8 | In fact, it was so bad that his sentence was 150 years, he served a decade of that. |
| 0:37.3 | So Mark and I thought it would be a great idea for us to rerun an interview that we conducted |
| 0:44.2 | with Diana Henriquez. |
| 0:46.9 | She is the author of the book called Wizard of Lies, Bernie Madoff and the Death of Trust. |
| 0:53.6 | Now, that book was turned into an HBO movie in 2017, and you can still access that movie |
| 1:00.6 | if you want the whole backstory, it's a great movie, it got De Niro playing Madoff and |
| 1:04.8 | Michelle Pfeiffer is playing his wife Ruth, it gives you the whole background. |
| 1:09.0 | In this first part of our interview with Diana, who is a great friend of the show and she's |
| 1:13.2 | so generous with her time, we wanted to know why she was drawn to the Madoff story and |
| 1:19.0 | how she got access to him directly. |
| 1:21.7 | She went to go see him in jail. |
| 1:23.6 | So here's part one of our interview with journalists and author Diana Henriquez, I think you're |
| 1:28.7 | really going to enjoy it and you'll get down into the weeds of what exactly the Bernie |
| 1:34.0 | Madoff story meant to her. |
| 1:35.7 | Let's talk a little bit about why you were drawn to the Bernie Madoff story in the first |
| 1:41.7 | place. |
... |
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