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The James Altucher Show

Wall Street Insane! EP02: - Madoff Investment Securities LLC

The James Altucher Show

James Altucher

Education, Business

4.62.7K Ratings

🗓️ 3 June 2022

⏱️ 36 minutes

🧾️ Download transcript

Summary

What the F--, Bernie Madoff told me off because he doesn't want his name appears on the front page of the Wall Street Journal!?In this episode of Wall Street Insane, we talked about the shady that goes down during our time in 212 ventures, not to mention that the FBI knocked on my door wanting to talk to me about Osama Bin Laden, and also the full stories on how I met Bernie Madoff, and subsequently being told that he will not invest in our fund, cause he doesn't want to appear on the front page of Wall Street Journal. Then, there is also, the aftermath of the Madoff Ponzi Scheme.Dan Kelly, my business partner, and Omid Malekan, joined me on this new series, Wall Street Insane, where we recount all the shady, and bat-sh*t crazy deals and people that we have to deal with! Listen to the episode and tweet at me @jaltucher to let me know if you like this episode!Visit Notepd.com to read more idea lists, or sign up and create your own idea list!My new book Skip The Line is out! Make sure you get a copy wherever you get your new book!Join You Should Run For President 2.0 Facebook Group, and we discuss why should run for president.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.Thanks so much for listening! If you like this episode, please subscribe to "The James Altucher Show" and rate and review wherever you get your podcasts:Apple PodcastsStitcheriHeart RadioSpotify Follow me on Social Media:YouTubeTwitterFacebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

This isn't your average podcast and he's not your average host.

0:12.6

The James Elf at your show presents Wall Street Insane.

0:18.9

Dan and Omed welcome back to, I don't even know what to call this.

0:29.6

Insane, we traded together, built businesses together.

0:34.2

We did this for many, many years.

0:35.8

Dan and I have worked together for 21 years.

0:39.4

Trading, trading, trading, then building, building, building and dealing with so many people.

0:43.8

And it turned out like 80% of those people, I don't know what to call.

0:48.2

I don't want to call them criminals, but everybody was insane.

0:51.0

Bad people.

0:52.0

Yeah.

0:53.0

Wall Street was insane.

0:55.2

And we could start from anywhere.

0:57.6

Well here's one story.

0:58.8

So this is the truth.

1:00.4

It's not like alleged or anything.

1:02.6

Right before we met Omed, Dan, you and I were helping run a VC fund, 212 Ventures.

1:06.6

I don't know if you remember this, Dan, I was having a conversation with you, house,

1:11.6

you saw some marketing materials that were made in Europe that mentioned how the Binlod

1:15.8

and family was investors in Invest Corp.

1:18.6

And Invest Corp had put 100 million or something with 212 Ventures.

1:22.5

That's correct.

...

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