The Madoff Hustle - Part 1 Best Documentary of the Housing Market 1 day ago   15:01

BrandOak
Bernard Lawrence "Bernie" Madoff is an incarcerated American former stock broker, investment advisor, non-executive chairman of the NASDAQ stock market, and the admitted operator of what has been described as the largest Ponzi scheme in history.

In March 2009, Madoff pleaded guilty to 11 federal crimes and admitted to turning his wealth management business into a massive Ponzi scheme that defrauded thousands of investors of billions of dollars. Madoff said he began the Ponzi scheme in the early 1990s. However, federal investigators believe the fraud began as early as the 1980s, and that the investment operation may never have been legitimate.The amount missing from client accounts, including fabricated gains, was almost $65 billion. The court-appointed trustee estimated actual losses to investors of $18 billion. On June 29, 2009, he was sentenced to 150 years in prison, the maximum allowed.

Comments 698 Comments

i win
He gave the jew a black eye ....
Casey Sierhuis
federal reserve makes madoff look like goldfish in a tank of sharks !!
Refuso Againo
The Villa Lobos brothers in Costa Rica paid 3% per month for a decade and a half before it went down. $10k minimum brought $300/month in cash forever. I know more people who made money than lost.
People from Montreal or Winnipeg thought they'd died and gone to heaven, investing $100k or more with them. That's when the "brothers" disappeared about 1998 or so as I remember.
Michael Robert
Bernie made off with everyone's money
Jeffrey Chaney
i would like to hear from the last few investors who got out in time.
Adriana Leal
I didn't understand much this story. Anyway, why I am seeing this ?
terence thomas
I understand that the SEC investigators are mainly lawyers with modest numeracy skills .....they were warned many times by mathematically able investment experts that it was not possible to make the refunds thatMadoff claimed to be making except by fixing a system of payments ie Ponzi scheme. But when the SEC received n the mathematical analysis proving the crooked nature of the scheme they could not understand it being essentially lawyers and pretty innumerate
masarati 73
Most Jews , like Bernard Madoff are unscrupulous Thieves; starting with Israel stealing the little that is left of Palestine land. And now they are controlling our USA and making the American subservient of Israel and Trump the whore of Natanyahu.
Jami Abell
Madoff and Ruth still alive and so many have suffered because of thier greed
Wayne Harriman
Bullshit. The Federal Reserve and Social Security are both much bigger rip offs.
M Detlef
They REALLY screwed the Mets. Three days ago I got a BILL for Bobby Bonilla Day!!!
Christo Four
The biggest con the World has ever seen has been done by the Central Bankers of the World. Bernie Madoff was just a wannabe.
John Biafore
The man ran the stock exchange, had to he good for 100 mil a year legal. Most of his rip offs were from the Hebrew community. These were his own people. All this could of been erased if the Feds allowed the banks to pay a decent interest rate. Oh yes EF Hutton ripped me.
Scott Whitley
Hi friend. Have you ever thought about where you'll spend eternity? It's the most important question you will ever consider. We have all broken God's moral law - the 10 commandments. This is also why we need Jesus Christ as our personal Savior. Can I ask you some questions my friend? How many lies have you told in your life? What do we call someone who tells lies? A liar. Have you ever stolen something? What do we call someone who steals? A thief. Have you ever taken God's name in vain (omg)? God said He will not hold harmless those who misuse His name. Jesus said if a man even looks at a woman with lust in his heart then he's already committed adultery with her in his heart. Have you ever looked with lust my friend? This is just 4 out of the 10 commandments that we have broken. Since we have broken God's moral law, we deserve to be separated from God forever in hell. But God in His love sent His Son Jesus to die for my sin and your sin my friend. To have your sins forgiven and have eternal life place your faith in Jesus just like you would a parachute when having to jump out of an airplane at 30,000 feet. You can't just believe in the parachute you have to place your faith in it by putting it on. After you pray to receive Jesus read John 3 and 4. Then read the Bible every single day of your life no matter what and also pray that God will help you understand what you read. Please, please, please think about this my friend. Judgment is coming and this is how you get prepared.
Anthony Kaufman
His voice is deep and quite fast . Don’t no who I dislike the most madoff or the greedy bastards he ripped off .
Dutch Van Helsing
He took my Grandma for 750k , the rat bastard.
brightspark54
greedy people
raja khurram
biggest faurd is American Jewish economy n American government behind the close door is jews
victor deabreu
soon I be an Africa Bernie . luckily this side its not a big deal aslong you are involved with a couple politicians you never going to jail never.
derper derp
They should have offered Madoff a job at the federal reserve.
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Best Documentary of the Housing Market The Madoff Hustle - Part 1 1 day ago   42:31

MELTDOWN - The Men Who Crashed The World - 2019

The first of a four-part investigation into a world of greed and recklessness that led to financial collapse.

In the first episode of Meltdown, we hear about four men who brought down the global economy: a billionaire mortgage-seller who fooled millions; a high-rolling banker with a fatal weakness; a ferocious Wall Street predator; and the power behind the throne.

The crash of September 2008 brought the largest bankruptcies in world history, pushing more than 30 million people into unemployment and bringing many countries to the edge of insolvency. Wall Street turned back the clock to 1929.

But how did it all go so wrong?

Lack of government regulation; easy lending in the US housing market meant anyone could qualify for a home loan with no government regulations in place.

Also, London was competing with New York as the banking capital of the world. Gordon Brown, the British finance minister at the time, introduced 'light touch regulation' - giving bankers a free hand in the marketplace.

All this, and with key players making the wrong financial decisions, saw the world's biggest financial collapse.

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