☠️ Welcome to the Evil Money Podcast, where we break down true crime cases that meet at the intersection of money and morality every Thursday.
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In this week's case, Hannah and James explore the scandalous life and schemes of one of the most notorious figures in financial history, Bernie Madoff.
The episode covers Madoff's early life, rise to prominence, elaborate deceitful tactics, catastrophic downfall, the massive impact on his victims, and the legal aftermath.
Join us as we unpack the complex intersection of money and morality that defined Bernie Madoff's fraudulent empire.
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⚠️ Recommend a case for us to cover here: evilmoneypodcast@gmail.com
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- Salary Transparent Street / @SalaryTransparentStreet
- Two Cents Podcast / @twocentsbysts
Chapters:
00:00 Introduction to Evil Money Podcast
01:34 Bernie Madoff's Early Life and Ambitions
02:44 The Rise of Madoff's Investment Business
06:39 The Illegal Mutual Fund Scheme
13:27 Madoff's Extravagant Lifestyle and Success
20:59 The Ponzi Scheme Unveiled
28:53 The Role of Feeder Funds and Key Investors
32:46 The Beginning of the End
37:18 Frank Casey's Mission
39:02 Unveiling Bernie Madoff
41:22 Harry Markopolos' Investigation
43:40 The SEC's Failures
57:22 The 2008 Financial Crisis
01:00:18 Bernie Madoff's Downfall
01:02:56 Aftermath and Impact
01:14:18 Conclusion and Reflections
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