The biggest Ponzi scheme in Wall Street history: Bernard Madoff

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By 2007, the most massive financial fraud of modern history had been going on for decades. Billions of dollars had been flowing to a unique firm in Wall Street, where investors of all classes and worldwide trusted their money.

That elite fund was ultimately managed by one of the world's most notorious conman: Bernard L. Madoff, a businessman from Queens, New York. But then came the U.S. housing market crash and made the perfect storm in 2008. Only then, the massive fraud that Madoff had built couldn't be sustained longer and crumbled.

A $64 billion disaster that left immeasurable tragedy for thousands of victims, orchestrated by a Wall Street sociopath who is serving a hundred and fifty years sentence in jail.

#startups #Slidebean #ponzi

0:00 - Intro
1:15 - Bernie Madoff: The Sociopath
2:39 - Bernie Madoff: The largest Ponzi fraud in history
5:23 - Bernie Madoff: A long road to justice
8:01 - Bernie Madoff: A Shakespearean tragedy

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Read the video transcription + sources: https://slidebean.com/blog/startups-bernie-madoff?utm_source=youtube.com&utm_medium=content&utm_campaign=ba-content

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