Bernie Madoff

Psych Legal Pop Podcast

Tess & Brooke Brigham

Relationships, Tv & Film, True Crime, Society & Culture

4.2 • 610 Ratings

🗓️ 12 January 2023

⏱️ 81 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode we discuss the Netflix documentary Madoff: The Monster of Wall Street. The documentary chronicles the rise and fall of Bernie Madoff who ran the biggest financial Ponzi scheme in American history, bilking investors out of $65 billion dollars. The Ponzi scheme fell apart with the financial crisis and stock market crash of 2008. When Madoff ran out of options and knew that the jig was up he confessed to his crimes and plead guilty. The documentary covers Madoff's entire life and details how the Ponzi scheme operated and how it was able to keep going for decades. Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

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0:00.0	Hello, welcome to the psych legal pop podcast. This is a podcast where we discuss popular culture
0:09.4	through the lens of an attorney and a therapist. My name is Brooke Brigham and I'm an attorney.
0:15.3	And I'm Tess Brigham. I'm the therapist. This week, we're going to be talking about the Netflix documentary,
0:23.1	Madoff, The Monster of Wall Street, about...
0:26.6	I feel like I just took a finance class.
0:28.0	I do, too.
0:28.9	I'm ready for my final.
0:30.5	I have 14, 15 pages of notes.
0:32.8	I think I have twice that many.
0:34.5	I've done outside research.
0:36.2	Yeah.
0:36.5	It has been a project. I learned a lot about the
0:38.7	financial industry. Yeah. All this stuff works. But anyway, yeah, this is the story of Bernie
0:44.2	Madoff who basically ran a Ponzi scheme. Um, 64 billion when he got caught. Yeah, which is insane.
0:55.1	On paper.
0:56.2	On paper, yeah.
0:58.0	He had basically stolen $65 billion from his investors.
1:05.6	And so it's hard to know where to start here.
1:08.8	I mean, I guess we can start with just a little bit of history about Bernie. One of the things I think that really motivated him is that his father was a real failure in business and had several businesses and they all kind of went under um you know this is like after the
1:30.5	depression and world war two and um he was he was a son of jewish immigrants and he grew up in
1:39.2	queens queens in a in a very stable middle class 1950s average kid public school.
1:47.0	Yeah.
	...

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