{"id":651652,"date":"2017-02-17T08:30:26","date_gmt":"2017-02-17T08:30:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/17\/bernie-madoff-explains-his-ponzi-scheme\/"},"modified":"2017-02-17T08:30:26","modified_gmt":"2017-02-17T08:30:26","slug":"bernie-madoff-explains-his-ponzi-scheme","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/17\/bernie-madoff-explains-his-ponzi-scheme\/","title":{"rendered":"Bernie Madoff explains his Ponzi scheme"},"content":{"rendered":"

The USD 65 bn Madoff ponzi scheme was the biggest in history. We all think we know something about it, but have never heard the story from Bernie Madoff himself.<\/strong> Radiolab invited over reporters Steve Fishman and Ellen Horne<\/a> to play snippets from their Audible series Ponzi Supernova<\/a>, which features exclusive footage of Madoff. Madoff had \u201cthe greatest seat in the house to what was going on behind the scenes,\u201d Fishman says, and he just wanted to know why someone, who was already rich, would build this ponzi scheme. Fishman and Horne interviewed dozens of FBI and SEC agents, investors, traders, and attorneys and also scrutinized Madoff\u2019s account to understand exactly why he did it, how he managed to pull it off, and how culpable he actually was. Madoff\u2019s calls from prison are fascinating in their own way, because everyone knows he did it and that he\u2019s guilty, but it is interesting to hear how he describes what his life in prison is like and how he perceives himself. \u201cI\u2019m a good person,\u201d Madoff says<\/strong>. His family had nothing to do with the scheme, \u201cI kept them out of the loop,\u201d as he recites his own story (runtime 39:35).<\/p>\n","protected":false},"excerpt":{"rendered":"

The USD 65 bn Madoff ponzi scheme was the biggest in history. We all think we know something about it, but have never heard the story from Bernie Madoff himself. Radiolab invited over reporters Steve Fishman and Ellen Horne to play snippets from their Audible series Ponzi Supernova, which features exclusive footage of Madoff. Madoff […]<\/p>\n","protected":false},"author":1,"featured_media":651653,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12012],"tags":[72,2380,12011,12010],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-651652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-the-weekend-edition","tag-enterpriseam","tag-speed-round","tag-speed-round-the-weekend-edition","tag-the-weekend-edition","wpautop","entry"],"acf":{"mongo_id":"f73e7099-d9de-4313-a782-87d11d86c1f5","order":"0","is_powered_by":true,"section_story_id":"9dacd020-7e60-4eb3-9fd0-2d64939dff24","story_type":"1","photo_url":"https:\/\/ent.news\/2017\/2\/670.jpg","photo_position":"above","related_issue":[651644],"teaser":"","voice_url":""},"yoast_head":"\nBernie Madoff explains his Ponzi scheme - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/17\/bernie-madoff-explains-his-ponzi-scheme\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bernie Madoff explains his Ponzi scheme\" \/>\n<meta property=\"og:description\" content=\"The USD 65 bn Madoff ponzi scheme was the biggest in history. 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