Bernie Madoff orchestrated the largest known Ponzi scheme of all time. This Ponzi scheme was worth nearly $65 billion. Once upon a time, Madoff was the chairman of the Nasdaq stock exchange.
Madoff’s company had two branches. One dealt with securities brokerage and the other dealt with asset management. The asset management business maintained the multibillion-dollar Ponzi scheme. The Federal Bureau of Investigation arrested Bernie Madoff on December 11, 2008. On June 29, 2009, the court sentenced him to 150 years in prison.
According to AP, during his sentencing, former investor Tom Fitzmaurice told the judge: “He stole from the rich. He stole from the poor. He had no value. He swindled money from his victims so that he and his wife… could live a life of luxury beyond belief.
Bernie Madoff died at Federal Medical Center in Butner on April 14, 2021, from chronic kidney disease. At the time of his death, he was 82 years old.
What is Netflix’s true crime documentary series, Madoff: The Monster of Wall Street, about?
Netflix’s Madoff: The Monster of Wall Street is based on the book Madoff Talks. Jim Campbell wrote it and published it in 2021. Netflix released all episodes of the four-part documentary series on January 4, 2023.
According to the official trailer for the documentary series on YouTube, the synopsis for Madoff: Monster of Wall Street reads: “With an innovative visual approach, Madoff: Monster of Wall Street is a four-part financial film in Breathtaking. thriller that reveals the truth behind Bernie Madoff’s infamous multi-billion dollar global Ponzi scheme and how a willfully blind financial system allowed that scheme to thrive for decades.”
Teresa Giordano developed it, while the story was written by Andrew Becker and Eleanor Yu. It was directed by Joe Berlinger.