Bernie Madoff: The Greatest Con in History

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Biographics

Biographics

5 жыл бұрын

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Credits:
Host - Simon Whistler
Author - Steve Theunissen
Producer - Jennifer Da Silva
Executive Producer - Shell Harris
Business inquiries to biographics.email@gmail.com
Other Biographics Videos:
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Source/Further reading:
Andrew Kitrzman: Betrayal: The Life and Lies of Bernie Madoff
Diana B. Henriques: The Wizard of Lies
Colleen P. Eren: Bernie Madoff and the Crisis

Пікірлер: 2 200
@Biographics
@Biographics 5 жыл бұрын
Thank you NordVPN for making this one possible! Check out here: nordvpn.com/biographics
@knifeteeth
@knifeteeth 5 жыл бұрын
I think you're a lying gamf
@MartinsGarage97
@MartinsGarage97 5 жыл бұрын
Knife Teeth about Bernie? Nope that’s true, google it.
@audenabdelkader2236
@audenabdelkader2236 5 жыл бұрын
Biographics do one on Barry Seal
@rohypnotist6263
@rohypnotist6263 5 жыл бұрын
Isn't the greatest con the Pentagon heist ?How many trillions did they "misplace" ?
@slayerofsheeple
@slayerofsheeple 5 жыл бұрын
Hey since you are do video on a famous scammer why don't you do one on Elizabeth Holmes.
@ArizonaAkinTv
@ArizonaAkinTv 5 жыл бұрын
"They were inseparable, not only in school, but at each other's houses" The British way of saying Bernie was tappin that
@violinhunter2
@violinhunter2 4 жыл бұрын
:-)
@ricky-sanchez
@ricky-sanchez 3 жыл бұрын
He knocked off his biggest class rival by smashing her behind the scenes.
@josephschultz3301
@josephschultz3301 2 жыл бұрын
Bernie: "You might be 'smarter' than me, but I'm getting laid while you're writing a book report."
@LOLE_Editz
@LOLE_Editz Жыл бұрын
Me as a brit my self this is true
@svarahorejsi2959
@svarahorejsi2959 5 жыл бұрын
Correction: The Greatest Con in History Who Got Caught.
@MostWanted053
@MostWanted053 4 жыл бұрын
How can you know that someone coned you if you didn't caught him.
@NotWhiteRice
@NotWhiteRice 4 жыл бұрын
@@MostWanted053 That's what would make it the greatest con in history.
@deusexaethera
@deusexaethera 4 жыл бұрын
So who was the greatest con man in history who _didn't_ get caught?
@ericlind6581
@ericlind6581 4 жыл бұрын
Svara Horejsi Unfortunately there is no evidence for the cons that weren’t caught.
@matthewheywood8532
@matthewheywood8532 4 жыл бұрын
He wasn’t caught he turned himself in only due to the crash of 2008 otherwise he would still be going strong
@lakobause
@lakobause 4 жыл бұрын
I remember a NYT article where they interviewed Markopolos after Madoff’s arrest. When asked if the SEC was asleep at the wheel, he said: “They weren’t asleep at the wheel; they were comatose. They wouldn’t respond to heat or light, much less any sign of wrongdoing.”
@speedracer2008
@speedracer2008 Жыл бұрын
Markopolos knew what was up as soon as he saw the evidence, yet nobody took him seriously. That description of the SEC is spot-on.
@siddarthatummala4321
@siddarthatummala4321 4 жыл бұрын
Still embarrassed that SEC didn’t stop Madoff sooner. Markopolos used the greatest language of all (math) to show how Bernie was lying, and they didn’t care one bit
@marinazagrai1623
@marinazagrai1623 3 жыл бұрын
Siddartha...this seems to be the Wall Street collapse of '29 - the same situation occurred!
@mikehaynes1769
@mikehaynes1769 3 жыл бұрын
The SEC didn’t catch him, the free markets did. When the markets collapsed and enough of his clients wanted to withdraw their funds, he realized the game was up and he turned himself in. Markopolos was a competitor of Madoff when he started raising red flags and proved via mathematics that the returns weren’t possible, and the incompetent regulators ignored him.
@slaydon3
@slaydon3 3 жыл бұрын
Never lower yourself enough to be embarrassed by the inherent dysfunction of any government arm. Thats for trash, scum, and politicians to be embarrassed about. You're a private citizen, you're far above that.
@rebella_alld5108
@rebella_alld5108 2 жыл бұрын
I can't belive they hired him to start with.. He's name is literally Bernie Made-off
@Matt-cr4vv
@Matt-cr4vv 2 жыл бұрын
I get what you mean but I think people think of themselves in the SEC's shoes with very rosey views. You have to consider you have a random financial analyst, working for a competitor, who comes to you and claims that with the math he's done Madoffs returns arent possible. This is the same Madoff you've likely known for decades and was NASDAQ President for many years. Further, Madoff didn't even purport extraordinary returns. His returns rarely exceeded the S&P, the issue was they didn't have many downward blips. What's more concerning was that JPM didn't flag anything considering his business account had $1B or more in it and was never purchasing securities IMO. That is more damning to me than an individual financial analyst with a quirky personality claiming he's cracked a man we have all believed to be a financial genius for decades.
@roseflowers935
@roseflowers935 5 жыл бұрын
It is unfortunate no one from the SEC was held accountable for not following up on information they received years before Bernie's arrest, it could save more money from being lost.
@WailOfDoom
@WailOfDoom 5 жыл бұрын
They couldn't, they'd get silenced, threatened, or they'd be found dead by "suicide" or a convenient stash of child videos would be found in their house. Judt playing devils advocate here.
@jdiamond1952
@jdiamond1952 5 жыл бұрын
Trust me that money ain’t “lost” it’s in all the right politicians pocket’s.
@CodeeXD
@CodeeXD 5 жыл бұрын
@@jdiamond1952 apparently not since they threw the book at him
@RP9SPORT
@RP9SPORT 5 жыл бұрын
The ultra rich don’t want that can of worms being opened
@benb3316
@benb3316 5 жыл бұрын
Yeah - when you have a financial investigator say "Red flag! This is Kosher as Ham on Rye" and instead of going over every PENNY of transactions for decades as literally their job is to do so in cases like that they ignore it it is "Criminal Negligence". If a train conductor fell asleep at the switch and the train only stopped in Peoria by going past the turnoff and ramming another train miles out of town the conductor would be jailed for life or decades... They could have stopped Mr. MADE-OFF at least twice in the times he operated by a simple investigation. Really, they at least fired two police officers and waived "Sovereign Immunity" for the poor policework halfway through Jeffry Dahlmer's kill/cannibal spree...
@pipiramirez9470
@pipiramirez9470 5 жыл бұрын
> starts scheme on 1991 > Starts donating to politicians in 1991 COINCIDENCE?
@dragastarr2926
@dragastarr2926 5 жыл бұрын
I THINK NOT!!
@infinitesimotel
@infinitesimotel 5 жыл бұрын
Cohencidence yes!
@erichh9073
@erichh9073 5 жыл бұрын
Democrats too lol
@black10872
@black10872 5 жыл бұрын
Lesson of the day... DON'T DONATE TO POLITICIANS!
@pipiramirez9470
@pipiramirez9470 5 жыл бұрын
@@black10872 unless you want to run a con for the best part of 20 years.
@ErikHare
@ErikHare 4 жыл бұрын
His plan had everything except the most important part. He had no Escape Plan.
@luvmibratt
@luvmibratt 3 жыл бұрын
Should have been First priority. 😆
@lostintime8651
@lostintime8651 3 жыл бұрын
He actually did. In a pine box like so many of us will.
@therealdeal3672
@therealdeal3672 3 жыл бұрын
He had to know that he would eventually Crash and Burn.
@ohio72213
@ohio72213 Жыл бұрын
Well the 2008 financial crisis hit and he was screwed. He and a lot of other people didn't expect that lol. But you're right, he had to have known it would all collapse eventually. He was already so wealthy I don't know why he wouldn't just get out of the game while he was ahead.
@speedracer2008
@speedracer2008 Жыл бұрын
@@ohio72213 Pride. Bernie Madoff was extremely proud of all the wealth he had accumulated up to that point and without getting caught that he thought he was untouchable.
@tphvictims5101
@tphvictims5101 5 жыл бұрын
Bernie Made off With the loot.
@ricomontoya1562
@ricomontoya1562 3 жыл бұрын
I always thought that was so ironic
@Tabbykiller
@Tabbykiller 5 жыл бұрын
First of all, never trust keeping your money with anyone named madoff -The late great Robbin Williams
@27b4
@27b4 5 жыл бұрын
I think Williams meant to be understood as - (He) "Made off (with) other people's money.
@patrioticgunner8034
@patrioticgunner8034 4 жыл бұрын
@@27b4 Yeah 😂😂😂
@maddie_1122
@maddie_1122 4 жыл бұрын
I can't tell of you're all joking or genuinely anti-semites.
@thebeoworg8759
@thebeoworg8759 4 жыл бұрын
Haha so concerning. How will I sleep now
@anti-parasocial
@anti-parasocial 4 жыл бұрын
Kobe Bryant Not that Madoff sounds real close to “made off” which when someone rips you off, some people say that person “made off” with what ever they took from you. I remember around the time the trial was happening some people would say “Bernie Madoff (made off) with you money”
@RichardtheFilmGeek
@RichardtheFilmGeek 5 жыл бұрын
The “Wolf of Wall Street” himself, Jordan Belfort, please!
@katherinea.williams3044
@katherinea.williams3044 5 жыл бұрын
FilmBuff06 That would be a great one. But Shell from Biographics tells people NOT to write ‘Do so and so!’ She wants detailed reasons why Biographics should cover that person. Belfort would be a great story✨✌🏼
@ethanramos4441
@ethanramos4441 5 жыл бұрын
Kate Williams It actually a guy
@katherinea.williams3044
@katherinea.williams3044 5 жыл бұрын
Ethan Ramos I was referring to Shell, the EP of Biographics
@ethanramos4441
@ethanramos4441 5 жыл бұрын
Kate Williams oh
@DarkRahl69
@DarkRahl69 5 жыл бұрын
meh what Belfort did is small peanuts compared to what Madoff did, but I guess the hollywood depiction "wolf of wall street" was more exciting than "the wizard of lies".
@jbtechcon7434
@jbtechcon7434 5 жыл бұрын
The NordVPN logo in the corner helps me fast-forward through the sponsor ad more easily!
@nijimagikku
@nijimagikku 4 жыл бұрын
Shhhhh god damn it dont ruin it you moist sandwich
@MarsLonsen
@MarsLonsen 4 жыл бұрын
@@nijimagikku 😆
@StefanMedici
@StefanMedici 3 жыл бұрын
@@nijimagikku most sandwich 🤣🤣 I'm going to use that.
@mikechan231
@mikechan231 3 жыл бұрын
It blows my mind that he was doing VERY well before he started stealing money....
@DarthBane-zf8wv
@DarthBane-zf8wv 3 жыл бұрын
Exactly. Even in his 20s he was making almost a million a year in todays money on management fees.
@JamesSmith-rh4is
@JamesSmith-rh4is 3 жыл бұрын
Greed trumps everything.
@toms9864
@toms9864 3 жыл бұрын
Nobody seems to know when he started his ponzi scheme. It maybe that he was stealing a lot earlier than they think.
@patrickmanway290
@patrickmanway290 2 жыл бұрын
That's human greed for ya! ;)
@architeuthis3476
@architeuthis3476 5 жыл бұрын
I mean, the guy is definitely a criminal and I'm glad he's in prison, but I think its a shame that someone stealing from rich people gets 150 years in prison while someone who steals from poor people gets a raise
@MiniM69
@MiniM69 5 жыл бұрын
Not true
@newperve
@newperve 5 жыл бұрын
He also stole from charities.
@shammydammy2610
@shammydammy2610 5 жыл бұрын
Except he didn't just steal from the rich.
@architeuthis3476
@architeuthis3476 5 жыл бұрын
@@shammydammy2610 It doesn't matter whether he _only_ stole from the rich, the point is that it wasn't until he was caught stealing from the rich that he was punished.
@hull294
@hull294 5 жыл бұрын
He didn't steal from the rich....he stole from ordinary people who had their money in Pension funds for their retirement . It's a fallacy & does a disservice to those who were victims to say he took from the rich .He has ruined & left poverty stricken thousands of people ....some who didn't even know they were part of his scheme because they put their money in a pension fund & the fund invested it in his scheme ....people have committed suicide because of this man..... to boil it down to " stealing from rich people" shows you complete misunderstanding of the issue.
@obarbeito
@obarbeito 5 жыл бұрын
As always, the SEC dragging their feet against powerful wallstreet people...
@jonnyenough1531
@jonnyenough1531 5 жыл бұрын
Who pays the SEC?
@DarthBane-zf8wv
@DarthBane-zf8wv 3 жыл бұрын
Taxpayers do
@dinoradio
@dinoradio 3 жыл бұрын
As standard- same with EPA
@toms9864
@toms9864 3 жыл бұрын
SEC was dragging their feet for 30 years. I think, "dragging" is little mild.
@tedthesailor172
@tedthesailor172 4 жыл бұрын
I find it incredible that someone doing so well for himself legitimately could then resort to a course of action that must inevitable come to light in course of time and destroy his business, his reputation, his family and his own freedom and retirement.
@abc-mn1yi
@abc-mn1yi 2 жыл бұрын
He was probably only doing so well for himself because he was running the scheme all along. He admitted himself that his entire career as a financial expert was a lie. How else do you think he learnt to scale it so big? Sounds like 1991 wasn't his first rodeo.
@yordalyn
@yordalyn 3 жыл бұрын
Would you do one about the finances of Jeffrey Epstein ( how he got rich)? Thank you
@lostintime8651
@lostintime8651 3 жыл бұрын
He can't. No one knows how and where he got his money.
@randomtroll7374
@randomtroll7374 3 жыл бұрын
That part lmao.
@russhackleford4912
@russhackleford4912 2 жыл бұрын
@@lostintime8651 easy. He was fully funded by mossad as he was running a honeypot ting intelligence op for them.
@small_joys2022
@small_joys2022 2 жыл бұрын
Same way as bernie... donating to the democratic party who covered for him.
@Hollows1997
@Hollows1997 2 жыл бұрын
He would but Simon doesn’t want to come down with a serious bout of: * *Checks Notes* * : Suuuuuuuuiiicide… 🤔
@pierre9694
@pierre9694 5 жыл бұрын
I laughed so hard when I saw the title of the video because my native language is French and in French "con" means idiot. "Bernie Madoff: The Greatest Idiot in History"
@davidpierce9949
@davidpierce9949 3 жыл бұрын
That might actually be true!!
@sirsmartypants7086
@sirsmartypants7086 5 жыл бұрын
I went back to college in 2008 taking business courses and this was all the buzz for the longest time. My professors would work it in somehow, or we would just have a class discussion on what was going on. It was cool because it was living history but sad at the sametime.
@karenbianchini7781
@karenbianchini7781 4 жыл бұрын
Hi Simon! Thank you for this post! My friends & colleagues really enjoy ALL of your informative posts! Much love & appreciation from Chicago, Illinois. USA.
@zebobez2715
@zebobez2715 3 жыл бұрын
Imagine being known for the sole reason of being Bernie Madoff's middle school GF.
@petertimowreef9085
@petertimowreef9085 5 жыл бұрын
Yes! These are the stories I enjoy. Those where you kinda know what happened, but really have no idea.
@jollygreen4662
@jollygreen4662 5 жыл бұрын
Even now he bought out all the instant noodles in the jail store and selling it an 10 times the price
@kellychuang8373
@kellychuang8373 2 жыл бұрын
Well now he's gone 2 years after this video aired. Really croaked on April 14, 2021 which you can Google and KZbin all about that as well.
@EverendeverGroup
@EverendeverGroup 2 жыл бұрын
Ah, another former inmate who understands the place of ramen in the economy of the incarcerated.
@kellychuang8373
@kellychuang8373 2 жыл бұрын
@@EverendeverGroup Yeah and as I said before he died on April 14, 2021 Google and KZbin all about that as well.
@BlasianBobbi215
@BlasianBobbi215 4 жыл бұрын
This video REALLY helps you put things in perspective. Here I am trippin about $10K in student loans, meanwhile, Madoff here owes $7 billion dollars to people.....
@toms9864
@toms9864 3 жыл бұрын
I hope you addressed why Madoff wasn't caught much earlier. There should have been people fired or even went to jail for not thoroughly investigating him.
@JM-xr4zs
@JM-xr4zs 5 жыл бұрын
They threw the book at Madoff because he stole the money from rich people. 🤑🤑🤑🤑🤑🤑🤑🤑🤑
@allencummings7564
@allencummings7564 5 жыл бұрын
maybe. also becuz half the money vanished, that's like 120 billion
@allencummings7564
@allencummings7564 5 жыл бұрын
wait I'm dumb 😅 only *18 billion* vanished. still more than I can dream of
@GinEric84
@GinEric84 5 жыл бұрын
Yeah, that's it.
@benb3316
@benb3316 5 жыл бұрын
Not just "Rich People" but people in his "Ethnic" group... --whoops "Halp us! Halp us! Haaateee Speeeech! Call Antifa to throw Acid filled milkshakes at him! Hallp us!"
@lordpumpkinhead265
@lordpumpkinhead265 3 жыл бұрын
@@allencummings7564 I don't think the Ponzi scheme itself even got to half of 120 Billion.
@gsf67
@gsf67 5 жыл бұрын
Have you done a bio on Charles Ponzi?
@jeronimoadames6624
@jeronimoadames6624 5 жыл бұрын
gsf67 the og
@gsf67
@gsf67 5 жыл бұрын
@@jeronimoadames6624 Que?
@Schmidty1
@Schmidty1 5 жыл бұрын
@@gsf67 OG= Original Gangster
@L1b3rta
@L1b3rta 5 жыл бұрын
@@gsf67 Or in civilized English: the person that came up with and did it first.
@demettriousabbott4012
@demettriousabbott4012 5 жыл бұрын
Very good point because the sckeem. Bears his name Charles Ponzie and their is a biography about him on utube.
@ignitionfrn2223
@ignitionfrn2223 3 жыл бұрын
0:40 - Chapter 1 - Early years 4:25 - Chapter 2 - Catching the investment bug 5:40 - Chapter 3 - Out on his own 8:00 - Chapter 4 - High flyer 9:15 - Mid roll ads 11:10 - Chapter 5 - The ponzi scheme 15:40 - Chapter 6 - The consequence
@yannicknaert
@yannicknaert 4 жыл бұрын
Say what you want, it’s an impressive story, evil but impressive
@Biographics
@Biographics 4 жыл бұрын
Indeed. I found this one super interesting to do.
@kellychuang8373
@kellychuang8373 2 жыл бұрын
Also an update and which you can Google and KZbin all about the guy in this has died in prison on April 14, 2021.
@ritikarao505
@ritikarao505 5 жыл бұрын
More financial crime stories, please! This was excellent.
@cotyparms9666
@cotyparms9666 4 жыл бұрын
Dude, you're like the history for dummies KZbinr. This is my favorite video, partially because I like white collar crimes but I'm also subscribed to Infographics. Love your show.
@danieljerry1013
@danieljerry1013 4 жыл бұрын
This man right here has one of the best commentary voices ever
@bradydavis5791
@bradydavis5791 2 жыл бұрын
Must not have heard very many commentary voices.
@brunsonator3423
@brunsonator3423 5 жыл бұрын
Do "The poor little rich girl" Barbara Hutton Then "The richest little girl in the world" Doris Duke They both hated each other, married the same man, and spent their money differently. But in the end lived and died mostly the same way.
@christineparis5607
@christineparis5607 5 жыл бұрын
Didn't Cary Grant marry both of them?
@brunsonator3423
@brunsonator3423 5 жыл бұрын
@@christineparis5607 No only Barbara married Grant. The man that they both married was Porfirio Rubirosa
@christineparis5607
@christineparis5607 5 жыл бұрын
@@brunsonator3423 Thank you!! I actually have a biography of him around here somewhere, he was a wild card! I get him mixed up with Cary Grant.
@brunsonator3423
@brunsonator3423 5 жыл бұрын
@@christineparis5607 Lol yeah most people do! He sure was a wildcard, never really was content with what he had.
@christineparis5607
@christineparis5607 5 жыл бұрын
@@brunsonator3423 I think he was married to the daughter of a dictator, too, and about five others...
@RichMitch
@RichMitch 5 жыл бұрын
One of your finest, you're getting quite good at this!
@Rorschach.
@Rorschach. 5 жыл бұрын
I had the good fortune to meet Harry Markopolos and highly recommend his book on this subject "No one Would Listen."
@bentley9249
@bentley9249 4 жыл бұрын
Hiring office: do you have experience in the stock market? Applicant: yes I worked for Madoff for 5 years: hiring office 😱😱😱😱😱😱.
@jayceewilliams5250
@jayceewilliams5250 5 жыл бұрын
So his downfall was some hater😂, but honestly. Lived to be 71 before he got put in jail so honestly he won out
@davidpierce9949
@davidpierce9949 3 жыл бұрын
It was!! A dam hater ruined him
@TheFrogInYourClosetWatchingYou
@TheFrogInYourClosetWatchingYou 3 жыл бұрын
Not really.... He could have another 20-30 years and that will be his last moments those will be the moments fresh on his mind when he dies. He will be a shell of his former self when he dies. It's one thing to live fast and die young and another to go from a billionaire life style living it up to living in a prison cell for the rest of your life.
@asmo1313
@asmo1313 3 жыл бұрын
one of his sons committed suicidde because of daddies financial antics. It is a pyrrhic victory at most.
@jayceewilliams5250
@jayceewilliams5250 3 жыл бұрын
@@asmo1313 seems a lil dramatic to me.
@amols101
@amols101 3 жыл бұрын
His family is destroyed and he is spending rest of his life in jail. Not quite sure he won out.
@raymondwalters3417
@raymondwalters3417 5 жыл бұрын
the greatest con in history is modern banking
@christopherkhill3213
@christopherkhill3213 5 жыл бұрын
In the last century the US Dollar has depreciated 96 percent.
@jessecrilly3796
@jessecrilly3796 5 жыл бұрын
Give a man a gun he can rob a bank, give a man a bank and he can rob the world
@jemezzzzz
@jemezzzzz 5 жыл бұрын
Christopher K Hill and its still stronger than multiple countries dollars
@gregorythoman8281
@gregorythoman8281 5 жыл бұрын
Not really. If you are stupid you can get screwed.
@kasiar1540
@kasiar1540 5 жыл бұрын
And religion. People literally murder fof their imaginary friend
@richbrass12
@richbrass12 4 жыл бұрын
Yooooooo the transition to the ads are hilarious. Do what you got to do though bro. This is great knowledge by the way I don't know how in the world do you get all of this knowledge in extreme detail from all of these people.
@afnankhokhar
@afnankhokhar 5 жыл бұрын
Excellent video! Keep up the good work.
@GinEric84
@GinEric84 5 жыл бұрын
"Based in Panama" as a selling point!
@davidpierce9949
@davidpierce9949 3 жыл бұрын
I caught that too. This Brit might just be hired to entertain us and who knows what else?
@danielduncan6806
@danielduncan6806 5 жыл бұрын
They were perfectly fine with him doing his business until things got tight. It was only when the money dried up did they finally have a problem with it.
@nosuchthing8
@nosuchthing8 5 жыл бұрын
Thats how all pyramid schemes work
@davidpierce9949
@davidpierce9949 3 жыл бұрын
When there was No more money people didn't like it??? You don't say 😹
@edmichelson691386
@edmichelson691386 Жыл бұрын
Good reporting. You guys are amazing!!
@btetschner
@btetschner 3 жыл бұрын
Thank you for the video.
@robotjeans
@robotjeans 5 жыл бұрын
So he was taken down by another firm that wanted his business?
@ronque23
@ronque23 5 жыл бұрын
Shawn Sheehan Yeah. The SEC was too busy getting its knob slobbed to care about Bernie.
@kataklyst9
@kataklyst9 5 жыл бұрын
welcome to capitalism where competition keeps you in check
@wogeibe
@wogeibe 5 жыл бұрын
@Graig Simmonette The nerd hero didn't save anything. He pled with the SEC for years and no one would listen, which is why the book he wrote on it is called, "No one would listen."
@deemariedubois4916
@deemariedubois4916 5 жыл бұрын
Shawn Sheehan The SEC sucks. It’s hard to believe some working there are accepting bribes to look the other way or not look at all.
@toms9864
@toms9864 4 жыл бұрын
He got taken down by the stock market crash of 2008. He no longer had enough money to pay the withdrawals. Did the people that were cooking his books go to jail?
@horrortackleharry
@horrortackleharry 5 жыл бұрын
My favourite anecdote about Madoff is that one day in the early 2000s an IT guy was called to fix a problem 'upstairs'- this was the private investment floor where nobody except a few highly trusted employees ever ventured. He was amazed to find the place full of dusty old green-screen computers from the 1970s; they could only be fixed because components had been stockpiled via highly specialised suppliers. Of course, any widespread IT upgrade would have been highly risky, with audit/examination of transferred balances required...
@newperve
@newperve 5 жыл бұрын
They had to hire a specialist and an old guy too, younger techs wouldn't have clue where to start.
@CatBahptista
@CatBahptista 4 жыл бұрын
OoOh, that's a good one!
@FormulaVase-kp3dc
@FormulaVase-kp3dc 3 жыл бұрын
He died today on April 14, 2021, and this was in my recommendations.
@jennabenna2303
@jennabenna2303 4 жыл бұрын
I love your channel❤️❤️❤️ I watch to clear my mind after a stressful day & always out of pure enjoyment. Just a thought.... would love to see you do a deep dive on Rita Crundwell! It was a big lose to a small community that unfortunately the comptroller for the city stole more than $53.7 million only to fund her AQHA (horses) plus her shopping addiction. Rita showed those horses across the nation & to this day most of her horses are still in the winners circle from small shows to world show level. She is infamous in the community. Rita always had the most top of the line anything!!! That’s no joke from over the horse trailers, golf carts, trainers, clothing, jewelry, cars, houses (2), to campers in the millions on their own. Literally the authorities had to do an auction which brought so many people to the community to get the chance to purchase a horse of that caliber for a steal. Netflix did a documentary series on this topic, American greed plus other channels that have. With your attention to detail I’m sure you can research more and create an amazing video❤️ once I’m out of debt I’m going to be a petri on.
@billc3271
@billc3271 5 жыл бұрын
He is nothing compared to government retirement scams
@ghostcityshelton9378
@ghostcityshelton9378 5 жыл бұрын
Oh HELL yes!!! I paid into the system all my life and can't because of the way they run things collect a dime. My metal detecting and finding wonderful coins, once sold (hopefully) it's byesville to trying to live on $1,000. A month. Esp. after hearing that just one coin out of almost 100 coins I've found can according to the Gold/Bullion Executive stated a 5 figure worth on that one coin. See ya Hud!😎
@rjperkins365
@rjperkins365 5 жыл бұрын
Are you talking about how the government "borrows" from ss and Medicare to pay for ammunition?
@d10fel
@d10fel 5 жыл бұрын
@Graig Simmonette Living to the day America goes bankrupt is why I don't smoke or drink. It's what I live for. I can't wait!
@MiniM69
@MiniM69 5 жыл бұрын
GhostCity Shelton HUD stands for Housing and Urban Development. I believe your gripe should be directed towards SSA or the Social Security Administration. Just a thought...
@MiniM69
@MiniM69 5 жыл бұрын
d10fel As along as we continue to sell our debt, we’ll never truly be bankrupt. The most that will happen is our credit rating will be downgraded again. Sorry to burst your bubble...only thing of the sort that will happen is that wage inequality will continue to climb, which is bad for everyone.
@jamestanis3274
@jamestanis3274 4 жыл бұрын
The JCC which both my children attended for preschool was completely wiped by Madoff. They made a valient attempt to hold onto their most lucrative donors and managed to squeeze by for two years I think (my kids were well into public school by then), but sadly the entire reason the school had learned of Madoff was because many of these lucrative donors were already "clients" and urged the school to get in on a sure thing. So, with their own endowment in tatters and the rainmaking donors in a drought, the school was forced to close. It was a great Jewish Community Center -- and I'm speaking as a Presbyterian. We were heartbroken to see it go.
@michelejm1237
@michelejm1237 3 жыл бұрын
I wished this profile included the abject poverty and sorrow that this man is responsible for. I don't think this profile even scrathed the surface. Pity.
@promethium-145
@promethium-145 3 жыл бұрын
Yeah, I don't know all the details of the aftershock. I'm guessing a rule of Ponzi schemes is: the longer it goes, the more devastating its collapse.
@promethium-145
@promethium-145 3 жыл бұрын
@Shifty McGee462 Luckily, I'm not involved in crypto currency. So I'll probably be fine lol.
@JonahAGoldstein
@JonahAGoldstein 3 жыл бұрын
Seeing y’all talk about Rockaway high school when I live 2 blocks away from it hits too close to home
@rafisanders
@rafisanders 5 жыл бұрын
As a Mets fan, I'll never forgive him for making the team go broke
@jonathanlebon9705
@jonathanlebon9705 5 жыл бұрын
I wonder...at what point will someone be able to scam people for so much money that they will be able to outlive their prison sentence of 100s of years because they can afford to stay alive? Food for thought...
@fvckgoogle7894
@fvckgoogle7894 4 жыл бұрын
Probably never. New laws will be passed at some point denying that luxury before people on the outside commonly live to 150-200 with heavy medical intervention and augmentation. Probably after that the USA collapses (no country or political entity is forever) and whatever replaces it will have a new Constitution that has a clause something like "if it's not cruel and unusual it's not punishment". To me prison is supposed to be for re-education/reformation and lengthy sentences (ie 20-to-life with no parole) where they never get out are a waste of tax money = just execute them and be done with it (after stream lining the appeal process to where it doesn't take 20 years and $3 million, it shouldn't take more than $200k in legal/administration fees and 2-3 years to reach a final decision).
@nobad6134
@nobad6134 4 жыл бұрын
Wealth can’t buy health. Ask Steve Jobs.
@withonelook1985
@withonelook1985 4 жыл бұрын
Never. People cannot live that long. Its physiologically impossible. The person would have to have entire body transplants. The brain cannot exist for 150 years.
@denisreilly1512
@denisreilly1512 3 жыл бұрын
Great video, thank you very much.
@xyzaero9656
@xyzaero9656 3 жыл бұрын
Fascinating video and story.
@BTFOOMNY
@BTFOOMNY 4 жыл бұрын
Harry Markopolos book, "No One Would Listen", is outstanding. An excellent book if you want to read more about Bernie
@Dsmith551
@Dsmith551 5 жыл бұрын
*Hofstra UNIVERSITY, and we are so very proud.
@merlin4real
@merlin4real 4 жыл бұрын
Fantastic. As always. Well done.
@rr1136
@rr1136 2 жыл бұрын
Very informative bio
@thebigsad9463
@thebigsad9463 5 жыл бұрын
Smooth transition into the NordVPN ad mate
@louisvalencia5244
@louisvalencia5244 3 жыл бұрын
He has just passed away. So sad that people like this existed.
@jaimieball6821
@jaimieball6821 3 жыл бұрын
Your voice and content is tops.
@dennisrichardson2804
@dennisrichardson2804 5 жыл бұрын
Can you PLEASE do an episode on Alcatraz Island?? I really enjoyed the episode on Chernobyl, and learned so much I didn’t know; I’d LOVE to know the BioGraphics details on that amazing, scary, impressive, horrifying place!!! Thanks for what you do!!
@RichMitch
@RichMitch 5 жыл бұрын
"Now, let's get in to that ponzi scheme" -- said no one ever
@Wardner213
@Wardner213 5 жыл бұрын
Could you please do a bio on Ip Man? Thank you :)
@anu1776
@anu1776 5 жыл бұрын
This, i agree with
@timafterdark3759
@timafterdark3759 5 жыл бұрын
Heck yeah
@ryanrizzo4869
@ryanrizzo4869 5 жыл бұрын
Ive asked for months, but still no show. :/
@JustArtsCreations
@JustArtsCreations 5 жыл бұрын
good reason, sure to get made!
@rgerber
@rgerber 5 жыл бұрын
That would be awesome and highly necessary
@jamesesmond4058
@jamesesmond4058 5 жыл бұрын
Thanx. Yu shred. Simon!
@edwinrosario2353
@edwinrosario2353 5 жыл бұрын
Great video
@bobcrane2720
@bobcrane2720 3 жыл бұрын
They calculated 13 years left of his life in 2009, 2009-2021 is 13 years; they were only off by the months in the first and last years.
@rebelyell1983x
@rebelyell1983x 5 жыл бұрын
Do a biographic on CHARLES PONZI :) :)
@destinationfer2
@destinationfer2 3 жыл бұрын
What the heck was that about lmao Is that....@ 4:15 Is that actually a soundbyte of you mimicking Blues music? Hilarious!
@kelliepastellie8619
@kelliepastellie8619 5 жыл бұрын
Lil Dicky brought me here 😂 "Look at my bars I'm Madoff like Bernie"
@betherealdeal
@betherealdeal 3 жыл бұрын
How he thought he could get away with it is beyond belief.
@josephcooper5942
@josephcooper5942 5 жыл бұрын
Shigeru Miyamoto, the man who saved video games. Needs to be on the list.
@jusb1066
@jusb1066 5 жыл бұрын
he didnt con anyone
@johanneszwilling
@johanneszwilling 3 жыл бұрын
Thank you for covering a broader background on him!
@howardgofstein9694
@howardgofstein9694 4 жыл бұрын
I walked into my congressman’s district office and asked for a bailout. The staff member behind the counter looked at me like I was nuts. Congress didn’t look at Hank Paulson like he was nuts when he told them that the public must be fleeced to bail out the crooks. The staff member appeared to be trying to signal her co-worker to help her. Greatest country in the world? If you say so.
@gravitysrandom5612
@gravitysrandom5612 5 жыл бұрын
Could you do a Bio on George Orwell? Thanks
@ssunfish
@ssunfish 5 жыл бұрын
You didn't watch it. Its been done
@keizeradrianus703
@keizeradrianus703 5 жыл бұрын
@@ssunfish No it hasn't been done?
@ssunfish
@ssunfish 5 жыл бұрын
@@keizeradrianus703 no. I am sorry. I watched OTHER biographies on George Orwell and misremembered. Ill be more careful. The othets were high quslity as well as ones by Biographic
@davidpierce9949
@davidpierce9949 3 жыл бұрын
@@ssunfish Im offended!!
@asmar5793
@asmar5793 5 жыл бұрын
Great video! Can you pleaseeee do one on 1) Muhammad Ali Jinnah 2) Charles Babbage
@dougharrison7844
@dougharrison7844 4 жыл бұрын
American justice can be confusing, seriel killer gets parole after 20 odd years while thief gets 150 years.
@v.emiltheii-nd.8094
@v.emiltheii-nd.8094 Жыл бұрын
Man who sold Eiffel Tower: That's cute!
@joeohler6069
@joeohler6069 5 жыл бұрын
Madoff's Biographics cover art is in full-color; whereas all others 'til now were black, white, and one background color.
@DawryMike
@DawryMike 5 жыл бұрын
Cause he's all about the benjamins baby 💸💸
@silas6631
@silas6631 5 жыл бұрын
Do Marcus Gravey and/or Dr. Sebi
@sarikatimmi
@sarikatimmi 5 жыл бұрын
these are good
@luisescamadonhamue4117
@luisescamadonhamue4117 5 жыл бұрын
Watch the movie. Victor Telegio (in American Hustle) played it really really well. He even looked alike.
@Delibrium
@Delibrium 5 жыл бұрын
Apart from the two deaths that followed his scam I have to say my hat of to this guy to have fooled so many for so long. Damn
@woogha
@woogha 5 жыл бұрын
Buried here, Among all of the amateur economics and anti semitism in the comments I can't help but ask, is this a reupload?
@dandavis8300
@dandavis8300 5 жыл бұрын
Funny, I haven't seen any anti-Semitic comments. I thought all the anti-Semites gave Bernie a pass because he stole from Steven Spielberg and a bunch of other rich Jews...
@kingfuzzy2
@kingfuzzy2 4 жыл бұрын
I was brought here from a Ted talk about psychopaths. Thanks for your "biographic"
@marlinfisher2529
@marlinfisher2529 Жыл бұрын
Excellent.
@violinhunter2
@violinhunter2 4 жыл бұрын
When I worked for a living, I asked a friend (CPA) how it was that Mexican Presidents always made off with fortunes after serving six years if there were auditors looking at the books on at least a yearly basis. His response: the auditors are in on it.
@CliffCardi
@CliffCardi 5 жыл бұрын
0:45 /pol/ was right again!
@ahappylictor3214
@ahappylictor3214 5 жыл бұрын
It's just a coincidence! Every time!
@mikecastellon4545
@mikecastellon4545 4 жыл бұрын
If you can add, subtract,multiply, and divide, and understand that most people, given the opportunity, will steal anything they think they can get away with, you will never get robbed (outsmarted) by those people.
@YeeSoest
@YeeSoest 4 жыл бұрын
Total "cold click", didn't know the guy or his face, just trusted you guys to win me over and BAM, wolf of wall street before wolf of wall street ! Thank you for never disappointing!
@ceemillz215
@ceemillz215 5 жыл бұрын
I cried laughing when u said his release date lol
@ahuddleston6512
@ahuddleston6512 5 жыл бұрын
Look at his facial features he resembles George Washington. He probably thought he'd try to get his face (and obviously his hands) on money.
@ClareBearBunny
@ClareBearBunny 3 жыл бұрын
Could you do a video on Billy McFarland or Martin Shkrelli?
@kitothompson7930
@kitothompson7930 3 жыл бұрын
Is it just my phone f--king up or are the subtitles all messed up on this one? Starts at the ad read.
@jimsy5530
@jimsy5530 5 жыл бұрын
Like father (and mother) like son. Crooks through and through.
@olamideshodeinde2506
@olamideshodeinde2506 5 жыл бұрын
This is definitely interesting to watch, if y'all need to watch or know more about this go watch Wizard of lies by Robert De Niro
@sozibrahman8504
@sozibrahman8504 4 жыл бұрын
I once read a book named "After the darkness- Sydney Sheldon" . it's my fav book and I heard that this book is based on him. That's how I know about Bernie
@phillipdeluca6542
@phillipdeluca6542 4 жыл бұрын
4:17 Sounds like Anthony cumia singing a song about Bernie
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