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Today in True Crime

December 11, 2008: Bernie Madoff Arrested

Today in True Crime

Parcast

True Crime, Education, History

4.42.4K Ratings

🗓️ 11 December 2021

⏱️ 12 minutes

🧾️ Download transcript

Summary

Bernie Madoff was one of Wall Street's most respected financiers. But on this day in 2008, he was arrested for swindling some of the planet's richest investors out of $65 billion in the world's largest Ponzi scheme. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Today is Saturday, December 11th, 2021.

0:06.8

On this day in 2008, billionaire investor Bernie Madoff was arrested

0:12.5

after the collapse of the largest Ponzi scheme in history.

0:25.0

Sitting quietly once you've made the house all shiny.

0:29.3

Down time can be just fine, plain bangers from the 90s.

0:30.4

Tea break.

0:31.3

Lunch break.

0:33.3

Maybe listen to the outbreak.

0:35.9

Sometimes it's not time for some tombole, right?

0:41.9

It's enjoying lasagna time, chilling with a book time, or time to visit your nan time.

0:44.0

Go on, play some other time.

0:45.2

Put your phone down.

0:46.1

Tombola.

0:47.8

Open for fun.

0:50.7

Terms apply 18 plus gambleaware.org.

0:58.2

Welcome to Today and True Crime, a Spotify original from Parcast.

1:02.3

Due to the graphic nature of these crimes, listener discretion is advised.

1:05.0

This episode includes discussions of suicide.

1:08.5

We advise extreme caution for children under 13.

1:14.5

Today we're covering the arrest of Bernie Madoff. Let's go back to a luxury New York apartment on December 11, 2008. Madoff knew the walls were closing in. There was no way to

1:24.3

keep things going after the financial crisis. He'd traded his reputation, livelihood, and morals

1:30.6

to create a money-making scheme sophisticated enough to swindle the richest investors on the planet.

...

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