In the depths of the financial crisis an insidious scheme was revealed, billions of dollars were involved, and some of the biggest names came to shame. How did everyone miss it? Why didn't the regulators follow the trail of warning signs? Why didn't fund-of-fund managers do proper due dilligence? People were blinded by reputation, and more importantly people were blinded by greed. This documentary, The Madoff Affair, offers a fascinating and detailed insight into the workings and story behind Madoff's big scam.
On Dec. 11, 2008, Bernard L. Madoff confessed that his vaunted investment business was all "one big lie," a Ponzi scheme colossal in volume and scope that cost investors $65 billion. Overnight, Madoff became the new poster child for Wall Street gall, greed and corruption. (more »)
Finance Documentaries: http://www.financedocumentaries.com/2011/06/madoff-affair.html