Madoff

PBS - Frontline: The Madoff Affair (2009)
HDTV | 1280x720 | .MKV/AVC @ 2217 Kbps | 54mn 39s | Audio: English AC3 384 kbps, 2 channels | Subs: English | 1.01 GiB
Genre: Documentary | Biography | Historical

Award-winning producers Martin Smith and Marcela Gaviria unravel the story behind what is believed to be the biggest global business fraud in history. Bernard L. Madoff and his colossal Ponzi scheme cost investors $65 billion and dominated the news for months, but few fully understood the inner workings, nor the magnitude, of this epic fraud. On December 11, 2008, Bernard L. Madoff confessed that his vaunted investment business was all "one big lie". Overnight, Madoff became the new poster child for Wall Street gall, greed and corruption. Founded in 1960, Bernard L Madoff Investment Securities became one of the fastest growing firms on Wall Street, brokering deals with powerful hedge fund managers and feeder funds from Buenos Aires to Zurich. Speculation began to circulate, however, about how Madoff could continue to turn a steady profit during both good and bad times. The US Securities and Exchange Commission investigated Madoff for over three decades, but it was not until December 2008 that the bubble burst. Merged cc-subtitles