After Bernie Madoff’s death, we dig into how he pulled off one of the biggest Ponzi schemes in history. Reporter Steve Fishman explores what lessons the fallen financier’s story holds for today. Madoff duped thousands of investors out of tens of billions of dollars, and his scam rocked Wall Street for years.  

 
Fishman, who spent years interviewing investors, regulators and even Madoff himself from inside federal prison, traces the rise and fall of his scheme. We learn how Madoff pulled it off and why nobody caught on for decades. We also hear from experts who say investors still are vulnerable to financial fraud, especially in the era of bitcoin and other cryptocurrencies. 
 
This show was originally broadcast <a href="https://www.revealnews.org/episodes/how-bernie-made-off-are-we-safe-from-the-next-ponzi-scheme/" rel="nofollow" target="_blank">Feb. 3, 2018</a>.

After Bernie Madoff’s death, we dig into how he pulled off one of the biggest Ponzi schemes in history. Reporter Steve Fishman explores what lessons the fallen financier’s story holds for today. Madoff duped thousands of investors out of tens of billions of dollars, and his scam rocked Wall Street for years. Fishman, who spent years interviewing investors, regulators and even Madoff himself from inside federal prison, traces the rise and fall of his scheme. We learn how Madoff pulled it off and why nobody caught on for decades. We also hear from experts who say investors still are vulnerable to financial fraud, especially in the era of bitcoin and other cryptocurrencies. This show was originally broadcast Feb. 3, 2018.

After Bernie Madoff’s death, we dig into how he pulled off one of the biggest Ponzi schemes in history. Reporter Steve Fishman explores what lessons the fallen financier’s story holds for today. Madoff duped thousands of investors out of tens of billions of dollars, and his scam rocked Wall Street for years.&nbsp;&nbsp;

 
Fishman, who spent years interviewing investors, regulators and even Madoff himself from inside federal prison, traces the rise and fall of his scheme. We learn how Madoff pulled it off and why nobody caught on for decades. We also hear from experts who say investors still are vulnerable to financial fraud, especially in the era of bitcoin and other cryptocurrencies. 
 
This show was originally broadcast <a href="https://www.revealnews.org/episodes/how-bernie-made-off-are-we-safe-from-the-next-ponzi-scheme/" rel="noopener noreferrer">Feb. 3, 2018</a>.

The Rise and Fall of Madoff's Ponzi Scheme

Reveal’s investigations will inspire, infuriate and inform you. Host Al Letson and an award-winning team of reporters deliver gripping stories about caregivers, advocates for the unhoused, immigrant families, warehouse workers and formerly incarcerated people, fighting to hold the powerful accountable. The New Yorker described Reveal as “a knockout … a pleasure to listen to, even as we seethe.” A winner of multiple Peabody, duPont, Emmy and Murrow awards, Reveal is produced by the nation’s first investigative journalism nonprofit, The Center for Investigative Reporting, and PRX. From unearthing exploitative working conditions to exposing the nation’s racial disparities, there’s always more to the story. Learn more at <a href="https://revealnews.org/?utm_source=reveal-podcast&amp;utm_medium=partner-website&amp;utm_campaign=membership_2022_podcastdescription&amp;utm_content=&amp;utm_term=&amp;campaign=">revealnews.org/learn</a>.

News

Reveal’s investigations will inspire, infuriate and inform you. Host Al Letson and an award-winning team of reporters deliver gripping stories about caregivers, advocates for the unhoused, immigrant families, warehouse workers and formerly incarcerated people, fighting to hold the powerful accountable. The New Yorker described Reveal as “a knockout … a pleasure to listen to, even as we seethe.” A winner of multiple Peabody, duPont, Emmy and Murrow awards, Reveal is produced by the nation’s first investigative journalism nonprofit, The Center for Investigative Reporting, and PRX. From unearthing exploitative working conditions to exposing the nation’s racial disparities, there’s always more to the story. Learn more at revealnews.org/learn.

Reveal’s investigations will inspire, infuriate and inform you. Host Al Letson and an award-winning team of reporters deliver gripping stories about caregivers, advocates for the unhoused, immigrant families, warehouse workers and formerly incarcerated people, fighting to hold the powerful accountable. The New Yorker described Reveal as “a knockout … a pleasure to listen to, even as we seethe.” A winner of multiple Peabody, duPont, Emmy and Murrow awards, Reveal is produced by the nation’s first investigative journalism nonprofit, The Center for Investigative Reporting, and PRX. From unearthing exploitative working conditions to exposing the nation’s racial disparities, there’s always more to the story. Learn more at <a href="https://revealnews.org/?utm_source=reveal-podcast&amp;utm_medium=partner-website&amp;utm_campaign=membership_2022_podcastdescription&amp;utm_content=&amp;utm_term=&amp;campaign=" rel="noopener noreferrer">revealnews.org/learn</a>.

Share The Rise and Fall of Madoff's Ponzi Scheme

Sign up to save your podcasts

The Rise and Fall of Madoff's Ponzi Scheme

The Rise and Fall of Madoff's Ponzi Scheme

More shows like Reveal

This American Life

Radiolab

Fresh Air

The New Yorker Radio Hour

Criminal

99% Invisible

Snap Judgment

Live Wire with Luke Burbank

On the Media

The World

Living on Earth

Afropop Worldwide

Embedded

Latino USA

Death, Sex & Money

Code Switch

1A

Ear Hustle

Things That Go Boom

This is Love

The Science of Happiness

Throughline

Suave