He did so much for building trust. My financial advisors ask me why I do not consolidate my retirement accounts. My answer is "Bernie Madoff." "But we are not like that." they reply. "Just as Bernie would have said." I retort.
@aoikemono64143 жыл бұрын
Let me introduce u to bitcoin!
@ibu4prez3 жыл бұрын
@@aoikemono6414 please introduce me to it. I'm trying to find out how I can buy things like pizza with it.
@bradlafferty60763 жыл бұрын
Nice
@dennisbarnes93173 жыл бұрын
He's a legend. RIP
@Stranger_In_The_Alps3 жыл бұрын
Same reason I don’t only invest in Bitcoin and put it on other crypto. Chances are good btc is a ponzi
@sociolocomtsac3 жыл бұрын
His name is Madoff. Should have been a hint.
@JL-xd4cn3 жыл бұрын
😂😂😂
@jogmas123 жыл бұрын
As in “made off”?
@tashante3 жыл бұрын
@@jogmas12 Well duh...
@jogmas123 жыл бұрын
@@tashante I’m a little slow so forgive me. Matter of fact when I was in middle school some fellow student, whenever he saw me, would say “duhhhhh” to me. You wouldn’t do that to me would you?
@zacharymcgee55523 жыл бұрын
If you park 95% of your wealth in one place because of a higher than average return, you're only a victim of your own dumb greed.
@andrewma79653 жыл бұрын
True
@robd13293 жыл бұрын
Yup. Shame on them
@enriqueali3 жыл бұрын
As opposed to virtuous smart greed?
@enriqueali3 жыл бұрын
@PK So instead of turning his back on a scheme exploiting people’s greed and gullibility, your son chose instead to profit from it, despite suspecting the likelihood of those people suffering eventual financial ruin? And you take pride in this? Wow
@tokashoni61003 жыл бұрын
Leave Bernie alone.
@satan8992 жыл бұрын
What’s insane is if the 2008 recession didn’t happen, he could have gotten away with it and we would be talking about his fraud only a few months ago when he died
@XSlapHappy91X2 жыл бұрын
It's ok, Somebody much more sinister took over and is running a much much bigger Ponzi. You will hear about it soon im sure.
@pjaybasmaignee2 жыл бұрын
I mean he did confess and his sons told and he was arrested the next day.
@gghhhhhhhhb8161 Жыл бұрын
@@pjaybasmaigneehe confessed due to investors wanting their money and him not having it
@Native722 Жыл бұрын
Things happen for a reason
@timopint1125 Жыл бұрын
every person will face 1- 2 recessions in his life
@Ralph-ken3 жыл бұрын
People still do that nowadays and they are called forex traders
@keysersoze50323 жыл бұрын
Forex traders are a shame. Taking advantage of lower income kids smh.
@snowyiv52203 жыл бұрын
And they think they are making money 😂
@amelieholbrook30013 жыл бұрын
A bunch of wealthy people who all run in the same circles, not satisfied with being super wealthy but instead wanting to be even wealthier. Shocking degree of greed among these investors. And of course, none of them take responsibility for being aware of the fact that no fund could generate consistent returns like that; they knew it was fraudulent. Anyone with the barest knowledge of the stock market would know that the Madoff scheme was illegal, but as long as they made sickening amounts of $, they said nothing. They cared only about themselves, never about those left out of the money-printing. They have only themselves to blame.
@kateskeys3 жыл бұрын
I lost 95% of my net worth. Now I only have $30 mil. Ah-hahaha-HAHA-AAAAAAHHHAAA -DONT I WISH
@keysersoze50323 жыл бұрын
The only people investing in him were multi millionaires/billionaires. Not every day people.
@slime1293 жыл бұрын
@@keysersoze5032 he actually did scam average people
@RADIUMGLASS3 жыл бұрын
@@slime129 If you only had 10k to invest he would actually come to you to get it.
@julianday86833 жыл бұрын
seems that the strongest urge to punish is when Americans' $$ is at stake..
@schawnettarobinson85843 жыл бұрын
I wish.
@michaelrief44243 жыл бұрын
What’s astonishing about this is most corporations and firms undergo an Annual Audit by licensed Accountants who Certify the financial records of the Company. I sure didn’t have any money in his circus but I really am wondering why his investors didn’t check for this before sending their lifetime savings to him. If an Accounting Firm did do an Audit on him annually then they would be complicit in the fraud.
@michaelotieno65243 жыл бұрын
One investors said he checked it out and was surprised to learn that Madoffs auditing firm was a one man operation. He said that was a huge red flag and didn't invest. The auditor got no jail time just probation
@mk2023 жыл бұрын
Arrogance.
@trevorn93813 жыл бұрын
It wasn't corporations that were investing with him he targeted mostly wealthy individuals usually Jews and Jewish charities for the most part. Because he was Jewish not to mention having been chairman of NASDAQ he had credibility with these people. These people thought Bernie was investing in their money in the stock market but Bernie never traded a single share he just dumped the cash into his account at Chase Bank and used it to pay returns his earlier investors, (and buy multi-million dollar penthouses, million dollar beach houses, yachts, Benzes, Rolexes and jewels for himself, Ruth, and their sons. As long as he and his feeder funds like Fairfield Greenwich continued to recruit new investors to put ever more billions into his ponzi he could continue to pay out the fat returns he promised (and live large off their cash) If the 2008 crash hadn't happened and caused people to get scared of the stock market and stop giving money to Madoff to "invest" and calling Madoff wanting their money out of the stock market (which it wasn't even invested in) this scam would still be ongoing.
@gghhhhhhhhb8161 Жыл бұрын
@@trevorn9381why not just actually put it in the stock market?
@shanetrimble9265 Жыл бұрын
@@gghhhhhhhhb8161 because it's incredibly difficult
@dalehoward37043 жыл бұрын
And his wife and sons suffered as a result as well. I believe that they didn't know. The sons worked in another part of the building so didn't see what was going on up close. Ruth just sat back and enjoyed the wealth.
@im415again3 жыл бұрын
Rip DMX 🪦
@daraa1513 жыл бұрын
Is it seriously worth it? How sad when your own children ashamed of you and deny you. Without all that scamming he could still have had a comfortable life.
@xxyes88792 жыл бұрын
He's a psychopath (no empathy) so he doesn't care about his children's shame. He gets more a kick from fooling everyone than he does from the money, so that's why he does it.
@BobABooey.3 жыл бұрын
The title of this video should be "His life of crimes."
@raquelvlogzz11832 жыл бұрын
One word EVIL..
@morehyeshiahtorahlessons55452 жыл бұрын
The most bs thing in this is her saying ' what's a ponzi '. She knew what her man was about
@cosmoevents21st563 жыл бұрын
Harry Markopolos exposed Madoff in the early 2000's but the SEC turned a blind eye.
@jenniferbond70733 жыл бұрын
Yep! Harry wrote a book about this, fascinating.
@geslik_1559 Жыл бұрын
This was really messed up..but incredibly impressive. And Ponzi scheme should be now called Madoff scheme..He absolutely polished it.
@dankelly47473 жыл бұрын
LIFE IS ONE "BIG" PONZI SCHEME?
@jbrownjetmech-47833 жыл бұрын
If he hadn't confessed nobody would have known....???
@youtube-ventura3 жыл бұрын
a ponzi scheme is a ticking time bomb, everyone was going to find out regardless of a confession. it takes a special kind of piece of crap to do something like this with people's life savings. good riddance.
@lrodd2473 жыл бұрын
The 08 market crash led to his demise..
@Preservestlandry3 жыл бұрын
@@youtube-ventura he did it for decades.l without it falling down. He was unusually successful at it. Without the 2008 crash, he could have maybe retired and gotten out of it without having to confess.
@ShanwanaPuppy3 жыл бұрын
Perfect timing- I just found out about this and I’m ready to go down the rabbit hole
@jbrownjetmech-47833 жыл бұрын
It's a deeep one....
@gaytwinksfortrump3 жыл бұрын
Buckle up
@Curtis692133 жыл бұрын
Check out the hbo film
@dewanmdurnto35923 жыл бұрын
Wait for me
@567Kriss3 жыл бұрын
Hahaha let us know how it goes
@texastrustedoralsurgeon68303 жыл бұрын
David Kotz said the most important utterance here, “(Madoff) was trading just fine until he was suddenly a couple-a-hundred million down...” then just like before when he was down, to prevent embarrassment and business failure, he started the Ponzi, like when he borrowed $3000 from his Father-in-Law earlier to prevent a bad outcome. These patterns are consistent. Family, who see these patterns, should be aware of disastrous events to come if not addressed. Financial fraud is minor when compared to other episodes where prior patterns induce suspicion. Suicide, mass shootings, domestic abuse, substance abuse, etc. can be the outcome.
@archtroll3 жыл бұрын
madoff had family connections to the SEC .. kept them in place
@N.A5253 жыл бұрын
That’s why when that man blew the whistle there was no investigation
@purduevoices3 жыл бұрын
His downfall was not remembering and cherishing his humble middleclass roots.
@2011blueman3 жыл бұрын
Sociopaths don't care.
@aoikemono64143 жыл бұрын
Lol middle-class. The holy saints among us.
@purduevoices3 жыл бұрын
@@2011blueman a true sociopath wouldn't care about his earthly existence and would try to trick unworthy souls into cherishing more earthly rewards.
@345mrse3 жыл бұрын
@@purduevoices That's very logical and down-to-earth. Any tips on how to proceed in accomplishing this?
@purduevoices3 жыл бұрын
@@345mrse in a way, Madoff was able to remember his humble roots during his final years in prison. He was well liked in prison....
@definitionofinsanity1613 жыл бұрын
Madoff was very smart but too greedy and had bad morals. He could of been a very rich multi millionaire or even billionaire but he wanted to become a multi billionaire at all costs.
@ixlr83953 жыл бұрын
Not very smart....he eventually got caught
@definitionofinsanity1613 жыл бұрын
@@ixlr8395 He was only caught because of a market cash and recession. If that didn’t happen the Ponzi Scheme probably would never of been discovered. He was smart but not very realistic because the market crashes or there is a recession about every decade.
@enriqueali3 жыл бұрын
Smart enough to get caught and end up dying in jail as a convicted felon? 😆😆😆
@mdavis19923 жыл бұрын
@@definitionofinsanity161 it was inevitable that he was caught. You just said it yourself, market crashes and recessions are inevitable. He had no way out.
@JohnSmith-co7qt3 жыл бұрын
Now what about the billions he hid?
@tangobob52683 жыл бұрын
Finding Madoffs Billions, coming to Discovery channel soon.
@capote4779 Жыл бұрын
Charles Ponzi like Charles Keating who fleeced S&L's for a few billion and left 23 000 people with worthless bonds but he did get Alan Greenspan his first job as a consultant writing an opinion and review of his financial transactions. You may know Alan Greenspan as the head of the Federal Reserve. He left just a couple years before the housing market crisis of 2008. What great timing. Who is the bigger thief Alan Greenspan or Bernie Madoff? They have all been allowed to operate within the same environment.
@alvinsavage77012 жыл бұрын
I was so fascinated w/this story. Just couldn’t believe that ppl would give their money like that. I also, feel the family knew. Just my opinion
@Fal-t8w3 жыл бұрын
And JP morgen didn’t ask where the money is coming from?
@laturista10003 жыл бұрын
JP Morgan and Jamie Dimon are the biggest crooks. White Collar crime is at an all time high. And the SEC picks and chooses who they want to expose.
@ericolemrk58262 жыл бұрын
I feel sorry for the many victims, some lost all their money, houses. A dangerous evil man.
@timopint112510 ай бұрын
greed is dangerous. the offered return was too high to believe.
@yggdrasil90393 жыл бұрын
Bernie Madoff certainly made off with a lot of other people's money. Having the integrity to be true to your name is a very important thing in life.
@PatrickMcAsey2 жыл бұрын
This is a very old joke.
@figaro-dg5c5 Жыл бұрын
@@PatrickMcAseybut still funny
@PatrickMcAsey Жыл бұрын
@@figaro-dg5c5 If you're easily amused, that is.
@PatrickMcAsey Жыл бұрын
So, you describe 'making off' with other people's money as 'having integrity'? What are you talking about?
@figaro-dg5c5 Жыл бұрын
@@PatrickMcAsey and that's a bad thing? Lacking sense of humour is not a benefit, bro. Are you one of those who thinks farts are not funny?
@yojimbe13 жыл бұрын
His prison probably had a tennis court.
@richardcastro18893 жыл бұрын
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.
@avarobert10753 жыл бұрын
Most intelligent words I've heard.
@nellielouis51603 жыл бұрын
Crypto is the new gold
@santasubba80653 жыл бұрын
I wanted to trade Crypto but got discouraged by the fluctuations in price
@michabrains78143 жыл бұрын
I heard that his strategies are really good
@annahelen81883 жыл бұрын
@@michabrains7814 Yeah, My first investment with Mr Boris Grozev earned me profit of over $25,530 US dollars, and ever since then he has been delivering
@ianreed95713 жыл бұрын
Money and greed is the root of all evil.
@NightVulin3 жыл бұрын
Stfu no it isn’t
@ai_robozen3 жыл бұрын
@Ethio Impress no it’s not. The root is selfishness. The misidentification with the little “I”. It’s desires and disconnectedness from its surroundings.
@ai_robozen3 жыл бұрын
no it’s not. The root is selfishness. The misidentification with the little “I”. It’s desires and disconnectedness from its surroundings.
@ConcealedCarrier3 жыл бұрын
@Ethio Impress if you think money is the root of all evil you must have done some rotten things for your money to give you that impression.
@petdoctor33 жыл бұрын
@@NightVulin you're correct, religion is... but wait, religion is all about money, se he's right afterall
@dee85583 жыл бұрын
people committed suicide because of this guy.
@MrBronxexpress20023 жыл бұрын
Bernie Madoff with money but he has to stand before God and he won't be able to buy his way out of that one.
@Windwalker883 жыл бұрын
Plottwist: religion is an even bigger scam
@Saran_drk3 жыл бұрын
You know I think the name ponzi scheme should be updated to Madoff scheme as it fits perfectly
@YuTuboTuTubas2 жыл бұрын
Neeh, Ponzi sounds cooler
@xxyes88792 жыл бұрын
Why? Ponzi was the man who invented it. Madoff only build on the back of his invention.
@rushrush67542 жыл бұрын
@@xxyes8879 Ponzi didn't invented it, he just made it famous or did on a larger scale but his was child's play compared to madeoff
@VV-ck7hw3 жыл бұрын
I heard Madoff was actually well respected in the Jail he was sent to... I find that ironically hilarious 😂 ..
@jadengarcia50863 жыл бұрын
Lol he had an aura of influence so I don’t doubt that
@Mr.paint1233 жыл бұрын
Charles Manson can be respected in prison and I’m pretty sure this guy could’ve been as well
@youssefadraoui61233 жыл бұрын
HES the world first thief of course they respect him in prison
@jaredmclaren55713 жыл бұрын
White collar scams are usually well respected in prison from what ive heard
@Curtis692133 жыл бұрын
At what cost? He lost his entire family including one son committing suicide and the other of cancer
@savidwatkins90143 жыл бұрын
Know when to fold 'em Know when to walk away And know when to run You never count your money When you're sittin' at the table There'll be time enough for countin' When the dealin's done Every gambler knows That the secret to survivin' Is knowin' what to throw away And knowin' what to keep 'Cause every hand's a winner And every hand's a loser And the best that you can hope for Is to die in your sleep"
@trayvon44843 жыл бұрын
Jesus christ, yeah
@beyourself24442 жыл бұрын
Love you Kenny Rogers…
@rickpratt51153 жыл бұрын
How come the social security administration is not a ponzi scheme?
@rogertuttle2433 жыл бұрын
It is..... and i want it to end after i die
@francisebbecke2727 Жыл бұрын
@@rogertuttle243 Well said. "Its a bad system but somebody else should end it after I am gone." as Thomas Jefferson said of slavery.
@Theo-eq3ei Жыл бұрын
It's transparent and doesn't promise returns on investment. It's kind of like insurance.
@theultimatereductionist75922 жыл бұрын
I was born in the 1960s and I have been extremely ambitious, determined, and focussed to be successful in MY work. However, unlike Madoff's "work" being just pushing money around, which is JUST PUSHING OTHERS' LABOR AROUND, I wanted to CREATE ACTUAL PHYSICAL AND MENTAL VALUE: engineering and math.
@beaurial3 жыл бұрын
He showed everyone what he is Madoff. 😅
@purduevoices3 жыл бұрын
It should be remembered that he turned himself into authorities. He must have had a "Jesus" moment and saw the light.
@rosep84813 жыл бұрын
No. Rather the crash of 2008 meant he was done
@aoikemono64143 жыл бұрын
@@rosep8481 Exactly. You can't keep posting 15% returns in a global recession. And people started pulling their money out in case it got worse.
@purduevoices3 жыл бұрын
@@rosep8481 the housing crisis wasn't his doing and was another Ponzi scheme by our government.
@michaelwoodco3 жыл бұрын
His sons turned him in
@ernieartgirl39273 жыл бұрын
I heard it was because he couldn't return money to some highly powerful people overseas that he knew would come after him so that could be why he turned himself in. I could be wrong though. 🤷♀️
@billybud95573 жыл бұрын
In an age where the average murderer spends less than 8 years in prison, this man received the death penalty. RIP Bernie. Your debt is paid.
@2011blueman3 жыл бұрын
No it's not, his wife and kids still walked away with millions in stolen assets.
@billybud95573 жыл бұрын
@@2011blueman I don't think there is much more you can get from Bernie, or his sons...they are all 3 dead....debt paid.
@2011blueman3 жыл бұрын
@@billybud9557 Only two are dead, Bernie and the one son with a conscience that killed himself. The wife and second son still escaped with millions in stolen money (even excluded the money that Bernie had to have hidden in offshore bank accounts).
@billybud95573 жыл бұрын
@@2011blueman He was a crook. No doubt. Family too. But hating a dead man is a winless situation. 100's of Wall Streeters are walking around after bilking their clients....let's worry about stopping them instead
@2011blueman2 жыл бұрын
@Ivan Schlotzky why are you trolling a year old comment?
@bradlafferty60763 жыл бұрын
Myra Sedgwick and Kevin Bacon unfortunately lost a lot. I also heard he only took Jewish people's money. Maybe his country clubs were like people, I'm not sure. But when the market is down 6 months in a row and you made %12 profit 6 months in a row, it's a red flag.
@blairjudyspringer79693 жыл бұрын
Strive to be comfortable in your retirement years but beware of greed.
@michaelrief44243 жыл бұрын
Madoff’s investors are also to blame for their losses. They put way too much of their money with him in hopes of getting super high returns. BIG MISTAKE. There’s an old saying, “Never put all your Eggs in one Basket”.
@aoikemono64143 жыл бұрын
Did you even watch the video? He was the low risk conservative investor you dolt. That's why his firm was attractive.
@michaelrief44243 жыл бұрын
@@aoikemono6414 Let’s try to keep the comments civil & respectful. I see no reason why you’re calling me a name.
@forever_golfer19813 жыл бұрын
So he just flat out robbed his investors and lived off of that, then paid them back with more investors cash?
@gghhhhhhhhb8161 Жыл бұрын
I believe It honestly wouldn’t have been so bad had he have been humble
@gschmidt8203 жыл бұрын
I was never in any danger from Madoff's scam, I heard that any investor would need at least 1,000,000 to get into this , It's interesting seeing the 1% as animals in the zoo that is America, for once. I can say that I feel nothing over this whole drama.
@leland8183 жыл бұрын
That is not entirely correct, there were several feeder funds which provided access to Madoff’s investments, although retail investors may not have not known ultimate fund
@2011blueman3 жыл бұрын
That was only toward the end. In the beginning he had pretty low investment minimums.
@gschmidt8203 жыл бұрын
@@2011blueman At least these people can focus their anger on a single person, I lost a lot in the big American Ponzi Scheme of 2008. Who do you blame when you have a complicit Government, Rating Agencies, and Wall Street?
@JimmyTheGreek2000 Жыл бұрын
Made-off with the cash !
@Native722 Жыл бұрын
Madoff destroyed everyone life
@leonardoribas33873 жыл бұрын
Comumism is hell, no doubt. Enjoy Capitalism and its special effects!
@960john3 жыл бұрын
Communist politicians did the same. They were all corrupted in USSR. Stealing isn't "capitalist".. it's just a crime
@eddiemunster74742 жыл бұрын
its horrible destroyed so many things very evil
@henning4393 жыл бұрын
The sad thing is that there are probably people who knew but did not speak for one or the other reason.
@francisebbecke2727 Жыл бұрын
"Think of it always but speak of it never." as the French say of uncomfortable facts.
@trevorrol79303 жыл бұрын
You have a great gift.....Your a amazing lyer....🤣🤣🤣🤣🤣🤣
@bluebugaboo33443 жыл бұрын
Where is part 2?
@thebigrussian3 жыл бұрын
he really made off with a lot of money
@bobthetroll3 жыл бұрын
Literally years too late bud
@ShanePodClips Жыл бұрын
Madoff ..made offffff lol omggggg I'm dying 😆😆
@KRLE25823 жыл бұрын
Bernie would have loved Bitcorn Rip
@RichTowsley2 ай бұрын
When he was in Butner, only 3 people were on the approved visitor list. His wife, attorney and a guy from Sarasota, Fl named Rich Towsley
@lifewithmaru Жыл бұрын
SBF brought be here 😅
@googlebanmetoomuch26013 жыл бұрын
🐐
@Mr.Happy7ODSubscribe3 жыл бұрын
🧑🍳
@gsshyet5 ай бұрын
Anthony Hopkins
@iwishyouwould17813 жыл бұрын
Since we idolize criminals... are we looting wallstreet or what?!... Of course I'd settle for a Walgreens duh
@TwinkieGurlMeowMeow3 жыл бұрын
The so called fake RICHEST person on earth!! if he had not been caught red-handed.
@DogDeifiedGod Жыл бұрын
Madoff scheme!
@pagalimommy3 жыл бұрын
He moved from his comfort mansion to go into a 1000 room castle....🤣🤣🤠
@ninopetrovski3 жыл бұрын
As once Bob Marley said: you can fool some people some time but you can't fool all the people all the time.
@devastaterx3 жыл бұрын
I wanted thumb this down due to Madoff's atrocities but then I'm like, well thumb it up for the article or course. He devastated so many people and the ripples in the pond with each person x10 more in their circle. Amazing piece.
@draco2xx Жыл бұрын
all hail bernie madeoff, what a legend
@deepakgusain95613 жыл бұрын
The people you call victim like JP Morgan , and other financial institutions were the main reason for 2008 700 BN scam
@MrGarnettmiller3 жыл бұрын
How did he do it - that's what I'm here for.
@martinmartinez22233 жыл бұрын
When he launched a fund he did 2 and made 30 percent returns yearly and he kept the rest for himself making them good returns with the Hope's of their LPs reinvesting but the thing here is that he never invested the money he just changed it from investor to investor
@smgg71913 жыл бұрын
Ok so basically, he gets investor A to give him $500 to “invest”. Then he gives investor A like $50 a year as a “return on investment”. Multiply this times many accounts over and over, and you have a giant pool of money, and “returns” to give out to investors. The problem is that when investors wanted to withdraw all their money during the great recession, there wasn’t enough money to give back. It all came tumbling down.
@maritjohnson3 жыл бұрын
Let’s say he gets someone to give him 50000 dollars to invest after he promises consistent returns. What he actually does is keeps a portion of their own money separate and gives it back to them as their investment “return” (when in reality he never put the money in the market at all and is just spending) and when person A’s money’s dried up he moves onto the next. He was sociopathic and didn’t care who he hurt and could lie convincingly and easily so getting the new investors wasn’t really a problem (until 08) and eventually he stole 65 billion dollars. It’s super crazy
@bgrahamgaming74189 ай бұрын
We can say one thing he didn’t snitch😂
@TheVaga92 жыл бұрын
Your SEC couldn't find it if you melted it and poured it on top of them. Yet they allow them to take credit!!!!
@tokashoni61003 жыл бұрын
How can you stomp on the graves of dead people? Forgiveness is available so leave Madoff alone. He served his time. All of you are sinners.
@joecaralho8823 жыл бұрын
Bernie got dat paper saaahhnn!!
@PHlophe3 жыл бұрын
Joao, i call it smart
@matthew-nt3gz2 жыл бұрын
Just simply loves how the narrator starts off his opening statement. 😂 0:01
@matthew-nt3gz2 жыл бұрын
Classic photo with out him glasses.
@magillagorillasecuritypatr2591 Жыл бұрын
😹😹😹🔥
@johnnydeep15993 жыл бұрын
JPMORGAN CHASE WASHED ALL HIS THEFT MONEY FOR DECADES
@rickmassey12728 ай бұрын
Greed...madoff was the only Ferengi who knew all 285 Rules of Acquisition... and followed RULE of ACQUISITION 21 ...Never Place Friendship Above Profit
@tokashoni61003 жыл бұрын
Leave him alone. He's dead now! Other elites have been as bad or worse.
@realJordanTB Жыл бұрын
Watching this after the Sam Bankman-Fried news
@ShanePodClips Жыл бұрын
Me too! It seems like each new generation gets their own Madoff.
@eriksau9 ай бұрын
I still don't understand what the day-to-day work in his office looked like. Who was doing what, exactly, and how nobody/so few could be aware. I'm not saying I don't believe them, it is just hard to understand how it all went about. He did not trade, so there was no money going to that. But he spent money on other things, and he transfereed money. If you have thousands of clients how is that even possible? In any way? They would likely have known if money was transferred, and also likely have known if money was NOT transferred. I run a small business myself, and you get an idea of how information must flow within the company to get things done at all.
@debrahoward3961 Жыл бұрын
Bernie Madoff kept his investors happy until the "Government" interfered, because of greed. People please don't blame Bernie, you were happy for life until the government decided that this man is too successful, 😂🤣
@ytpremium76493 жыл бұрын
All financial corrupt things considered like greedy investors, greedy bankers, greedy traders and a fixed stock market Bernie Madoff is a hero
@merovingian6883 ай бұрын
Who jumped ship before the truth came out? That’s the billion dollar question. No way in hell was this going to court when Royal families and top fund managers were involved.
@Lazaven Жыл бұрын
Looks like Bernie Made Off with ALOT of money! (Badum Tiss🥁) thank you I'll be here all night)
@Vele12679 ай бұрын
I don't have much sympathy for people who give 95% of their money to a stranger and then play a victim. Without a doubt it was wrong and illegal, but it's greed full circle.
@patrinajasso5689 Жыл бұрын
I dont believe for one minute his wife didn't no. If u start in a marriage u can see what u buy at first. Than the years go up and u are able to buy nicer things. I think his wife played dumb and she didn't want to no. How can u buy 5 6 homes and not no where the money is coming from. Whats real sad is she was aloud to keep 3 million. Not fair. she should pay that back to a family who lost money from her husband.
@EzErNzK3 жыл бұрын
9:12 my husband just dropped dead from a heart attack. That sounds really respectful.......
@都美竹-h9g3 жыл бұрын
dead unexpectedly
@RADIUMGLASS3 жыл бұрын
Watch out for people with a nose like that. When they come to you seeking money or want you to "invest" with them, turn around and walk away. That nose is a sign of deception.👃
@tangobob52683 жыл бұрын
STOLE FROM THE RICH AND ELITE. LEGEND 🕵🏼
@alecgurney93053 жыл бұрын
And from regular people
@user-vl4jy3pr4e3 жыл бұрын
@@alecgurney9305 who was regular in this video? I think regular is a Perceived notion. What u perceive is “regular ppl”and what I perceive as “regular ppl” may differ. Using context clues I wouldn’t say any of these ppl were starving or living in poverty.
@tangobob52683 жыл бұрын
@@user-vl4jy3pr4e 💯👌🌷😍🤗
@roadracer1584 Жыл бұрын
Never invest in anything you don't understand or are fully aware of the risk. Financial planners are a joke and can't be trusted. Do your own research and make your own investment decisions. It's not that hard if you take the time to learn.
@Bandana_Boi8 күн бұрын
After doing some research. It seems like Bernie actually served a pretty hefty price in the last part of his life. Sad, tragic stuff.
@voyager9082 Жыл бұрын
Only Rich and greedy people lost money and they made money with Madoff.Not feel sorry for them.Madoff never ripped off poor people. Feel sorry for Madoff family!
@jarrodyuki70812 жыл бұрын
japan will retake the kurils sakhalin and vladivostok south korea will take north korea. germany will take kaliningrad.
@daviddoherty44293 жыл бұрын
Ponzie scheme sounds a lot like new socialism economics
@americanpaisareturns90513 жыл бұрын
Bernie lived a comfortable life in and out of jail.
@gsshyet5 ай бұрын
Uncle Tom's Cabin Gifted to me by the Florida Department of Corrections
@404MygelRobertJr Жыл бұрын
R.i.P bernie don't let the hate of all these rich ppl you stole from keep you from resting in peace. they were all just greedy every last one of them they were all greedy
@brightsparkey1965 Жыл бұрын
Greedy people not happy just being wealthy wanting more and more . Invest at your own risk
@iandarichards87783 жыл бұрын
He made off with y'all money 😂
@DominoStorm111 ай бұрын
How many people here actually know what Charles Ponzi did? Think about it
@MJMS88 Жыл бұрын
This brilliantly explains how he got away with it.
@pjfdourley4998 Жыл бұрын
If I hear another person explaining why the lipstick building is called so………….
@NuclearCarnivore3 жыл бұрын
Don’t put all your eggs in one basket
@crazychicSHENA3 жыл бұрын
The con artist of NYC Madoff was intelligent in taken people's 💰💵