The Nasdaq Chairman Who Ran a $65 Billion Ponzi Scheme | Documentary

Bernie Madoff was a Wall Street pioneer and a former chairman of the Nasdaq, and for at least thirteen years his investment business never bought a single share for a client. When the FBI arrived in December 2008, the customer statements showed nearly $65 billion. Almost all of it was typed up on the seventeenth floor. This is the full story of the largest Ponzi scheme ever run: the split-strike conversion that never happened, the feeder funds that raised billions and asked nothing, the Palm Beach country club, and Harry Markopolos, the analyst who worked it out in an afternoon and spent nine years being ignored by the SEC. It ends with the part almost nobody knows: victims have now recovered about 94% of the money they actually lost. RedInk Finance — finance stories, told as documentaries. New episode every week. CHAPTERS 00:00 Cold open — 11 December 2008 01:35 Part I — The Market Maker 03:22 Part II — The Seventeenth Floor 05:16 Part III — The Feeder Funds 07:16 Part IV — The Man Who Knew 10:24 Part V — December 2008 12:03 Part VI — The Reckoning 14:06 Part VII — The Money Comes Back 15:54 Part VIII — Why Everyone Believed Narration is synthetic (AI voice). Archival footage and images are used for commentary and criticism. Nothing here is investment advice. #madoff #ponzischeme #fraud #documentary #finance