Episode 214: Bernie Madoff (Premium)

In this one we profile one of the most successful men on Wall Street, Bernie Madoff. We go from his early hardscrabble years trading penny stocks with his earnings from working as a lifeguard to his meteoric rise as one of the most successful and respected men in finance, netting consistent returns of 15-20%. We were particularly inspired by this man's story and hope you will be too.

Citations:

• Fight to get money out Bernie Madoff’s sons persists years after their deaths (Finacial Post)
  One committed suicide, one fell to cancer, but a lawsuit accusing the sons of the disgraced financier of squandering $150 million of investors' money refuses to die
• Bernie Madoff (Britanica)
  Bernie Madoff bio
• Son of disgraced financier Bernie Madoff found hanged in his New York apartment on second anniversary of his father's arrest (Daily Mail)
  The son of jailed financier Bernie Madoff sent a desperate email to his wife before hanging himself in his Manhattan apartment today.
• I Still Don’t Understand Mark’s Suicide (Huffpost)
  Stephanie Madoff Mack , Contributor Widow of Mark Madoff; Author, ‘The End of Normal’
• Bernie Madoff: 6 Famous Victims of His Ponzi Scheme (Biography)
  In 2009, the financial advisor pled guilty to running the biggest investment fraud the world has ever known, with many notable names as his clients. Eudie Pak Updated: May 19, 2020 Original: Jun 24, 2019
• Mets’ Owners to Begin Paying Settlement Owed in Madoff Fraud Case (The New York Times)
  The Mets’ owners are expected to begin paying by Wednesday what they owe the trustee representing the victims of Bernard L. Madoff, the former stockbroker who pleaded guilty in 2009 to running a vast Ponzi scheme. The payments would settle a lawsuit filed against the team’s owners by the trustee in 2010.
• Where Are The Madoff Sons' Wives Today? (The List)
  Wall Street financier Bernie Madoff's $20 billion dollar Ponzi scheme was such a destructive crime, it affected thousands of victims. Investors lost their life savings, their homes, and in some cases their lives. Madoff's own family was also instantly torn apart from the moment he revealed his crime. Read More: https://www.thelist.com/82002/madoff-sons-wives-today/?utm_campaign=clip
• Bernie Madoff’s son Andrew dead at 48 after cancer battle (New York Post)
  Bernie Madoff’s devastating Ponzi scheme claimed another life Wednesday with the death of his younger son, Andrew — who last year blamed his cancer relapse on stress and shame from his dad’s epic fraud.
• Madoff son's suicide follows battle with trustee (nbcnews)
  For two years, the two sons of jailed financier Bernard Madoff portrayed themselves as honest whistleblowers of their father's historic fraud. A court-appointed trustee depicted them as bungling money managers who did nothing to protect investors.