Madoff (miniseries)

Madoff is an American drama television miniseries, written by Ben Robbins, inspired by the book The Madoff Chronicles by Brian Ross about the Madoff investment scandal.

Contents

• Bernie madoff scamming of america the 50 billion ponzi scheme
• Main
• Other
• Reception
• References

The miniseries is about the fraud scheme of Bernard Madoff, a former stockbroker, investment advisor, and financier. He is the former non-executive chairman of the NASDAQ stock market, and the admitted operator of a Ponzi scheme that is considered the largest financial fraud in U.S. history. Madoff founded the Wall Street firm Bernard L. Madoff Investment Securities LLC, and was its chairman. He employed at the firm his brother Peter, as Senior Managing Director and Chief Compliance Officer; Peter's daughter Shana Madoff, as the firm's rules and compliance officer and attorney; and his sons Andrew and Mark. In December 2008, Madoff's sons told authorities that their father had confessed to them that the asset management unit of his firm was a massive Ponzi scheme. FBI agents arrested Madoff and charged him with securities fraud. The U.S. Securities and Exchange Commission (SEC) had previously conducted multiple investigations into Madoff's business practices, but had not uncovered the massive fraud., to the frustrations of people like financial analyst Harry Markopolos who were on to him with extensive evidence. In March 2009, Madoff pleaded guilty to 11 federal felonies and admitted to turning his wealth management business into a massive Ponzi scheme. The Madoff investment scandal defrauded thousands of investors of billions of dollars. The amount missing from client accounts, including fabricated gains, was almost $65 billion. The SIPC trustee estimated actual losses to investors of $18 billion. In June 2009, Madoff was sentenced to 150 years in prison, the maximum allowed.

The miniseries aired over two nights, February 3 and 4, 2016, on ABC.