Synopsis
$65 billion was lost in a Ponzi scheme when Bernard L. Madoff confessed on Dec. 11, 2008, that his investment business was all "one big lie."
Synopsis
Bernard L. Madoff, once a respected figure on Wall Street, confessed on December 11, 2008, that his investment firm was a massive Ponzi scheme. This scheme defrauded investors of $65 billion. FRONTLINE investigates Madoff's rise and fall, detailing how he became emblematic of Wall Street's greed and corruption. The documentary features interviews with victims and financial experts, providing insight into the mechanisms of the fraud and its devastating impact on countless lives.
Deep Dive
Why Watch
- Meet Bernard L. Madoff and his infamous Ponzi scheme.
- Find out how Madoff deceived investors on Wall Street.
- See the aftermath of a $65 billion fraud.
Did You Know
- Bernard L. Madoff confessed to a Ponzi scheme on December 11, 2008.
- Madoff's scheme cost investors $65 billion.
- The documentary was released in 2009 and runs for 54 minutes.
Perfect For
Frequently Asked Questions
What did Bernard L. Madoff confess on December 11, 2008?
Bernard L. Madoff confessed that his investment business was all 'one big lie' and was a Ponzi scheme.
How much money did Madoff's Ponzi scheme cost investors?
Madoff's Ponzi scheme cost investors $65 billion.
What is the main theme of The Madoff Affair documentary?
The documentary focuses on Madoff as a symbol of Wall Street greed and corruption.
What are people saying?
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