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FRONTLINE; Madoff Affair, The

05/07/2009

WGBH EDITED MASTER 1080i 59.94 GREEN LABEL


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Series
FRONTLINE
Program
Madoff Affair, The
Program Number

2714HD001

Series Description

Premiered January 1983 Since January 1983, FRONTLINE has served as American public television's - PBS - flagship public affairs series. Hailed upon its television broadcast debut as "the last best hope for broadcast documentaries," FRONTLINE's stature over 23 years is reaffirmed each week through incisive documentaries covering the scope and complexity of the human experience. Series release date: 1/1983

Program Description

In the mid-1960s, Bernard Madoff tapped money from Jewish businessmen at exclusive country clubs with the promise of steady guaranteed returns on their investments. He then set his sights on Europe and Latin America, brokering deals with powerful hedge fund managers and feeder funds from Buenos Aires to Geneva. Billions of dollars were channeled to Madoff's investment firm, and his feeders became fabulously wealthy. The competition wondered how the man could produce such steady returns in good times and bad. There were allegations that Madoff was "front-running" or operating a Ponzi scheme, which the SEC investigated several times over the last two decades. But Madoff remained untouched until December 11, 2008, when he admitted it was all "one big lie." FRONTLINE producers Martin Smith and Marcela Gaviria unravel the story behind the world's first truly global Ponzi scheme-a deception that lasted longer, reached wider, and cut deeper than any other business scandal in history.

Duration

00:56:46

Asset Type

Broadcast program

Media Type

Video

Genres
Documentary
Topics
Public Affairs
News
Citation
Chicago: “FRONTLINE; Madoff Affair, The,” 05/07/2009, WGBH Media Library & Archives, accessed December 9, 2016, http://openvault.wgbh.org/catalog/V_2019DC834AB1488185414870ADD6BB59.
MLA: “FRONTLINE; Madoff Affair, The.” 05/07/2009. WGBH Media Library & Archives. Web. December 9, 2016. <http://openvault.wgbh.org/catalog/V_2019DC834AB1488185414870ADD6BB59>.
APA: FRONTLINE; Madoff Affair, The. Boston, MA: WGBH Media Library & Archives. Retrieved from http://openvault.wgbh.org/catalog/V_2019DC834AB1488185414870ADD6BB59
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