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American Scandal

Bernie Madoff | Never Trust a Con Artist | 4

American Scandal

Audible

Exhibit C, History, Documentary, Lindsay Graham, True Crime, History Daily, American History Tellers, Society & Culture

4.519.6K Ratings

🗓️ 9 March 2021

⏱️ 42 minutes

🧾️ Download transcript

Summary

Bernie Madoff conned some of the smartest people in the world, from savvy investors to famous artists. All the while, he deceived government regulators. So how did he fool so many people, and for so long? Diana Henriques is a journalist and author who's written extensively about Madoff. In this interview, she describes what made him such a successful con man. And she warns about the possibility of another Bernie Madoff.

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Transcript

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0:00.0

Hey, Prime Members, you can listen to American Scandal add-free on Amazon Music, download the app today.

0:07.0

From Wondry, I'm Lindsey Graham and this is American Scandal.

0:38.0

Today we're wrapping up our series on Bernie Madoff.

0:44.0

For decades, Madoff was considered a titan of Wall Street.

0:48.0

He managed tens of billions of dollars in investments and was even chairman of the NASDAQ.

0:53.0

Few others in the world of finance commanded as much respect and influence as Bernie Madoff.

0:59.0

That's partly why in late 2008, the public was shocked to learn that Madoff was a conman.

1:06.0

For years, he'd been running a massive Ponzi scheme.

1:09.0

And after he was arrested and the scheme unraveled, Madoff's investors learned

1:14.0

an even more shocking truth billions of dollars of their money were gone.

1:18.0

The story of Bernie Madoff raised concerns about regulators and their relationship to the finance industry.

1:24.0

But it also raised profound questions about conmen like Madoff.

1:28.0

Investors and the public were left to wonder how Madoff managed to dop so many for so long.

1:34.0

Today I'll speak with Diana Henriquez, who covered Wall Street and the Madoff case for the New York Times.

1:40.0

Henriquez is also the author of the book, The Wizard of Lies, Bernie Madoff and the Death of Trust.

1:46.0

While researching that book, she had the chance to interview Madoff in person.

1:50.0

We'll talk about what Madoff was like and how he was able to exploit the trust of so many people.

1:55.0

We'll also discuss the steps that officials are taking to protect us from the next Bernie Madoff.

2:00.0

Our conversation is next.

2:06.0

Just the screaming and shouting and the mayhem, the sea was full of people.

2:12.0

I was only 20 and I didn't want to die.

2:15.0

The secret history of the Estonia, a tale of shipwrecks, smugglers and spies,

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