Bernie Madoff, the man behind the biggest investment fraud in U.S. history, died in prison today at 82. Scott Cohn has a look back at the disgraced investor and the lives he impacted. | CNBC
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At the height of the Great Recession, Bernie Madoff confessed to running the biggest Ponzi scheme in history – a $65 billion fraud that left thousands of victims financially shattered. Madoff’s crimes went undetected for years, raising doubts about the government’s ability to protect investors. Andrew Ross Sorkin looks back at how Madoff made it to the pinnacle of the financial world, the unraveling of his scheme, and the fallout for his victims, Wall Street institutions, and his family. | CNBC
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On Dec. 11, 2008, Bernard L. Madoff confessed to the world's first global Ponzi scheme in history — "one big lie" that cost investors $65 billion. In 2021, he died at the age of 82 serving out a 150-year prison sentence. Stream the Pulitzer Prize-winning "The Madoff Affair" documentary from GBH's FRONTLINE | PBS, now celebrating its 40th year on PBS: https://bit.ly/3wGSM9S | GBH
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