60 Minutes Archive: The man who figured out Madoff's Ponzi scheme
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Channel: 60 Minutes
Views: 1,128,153
Rating: 4.8103046 out of 5
Keywords: 60 Minutes, CBS News, bernie madoff, ponzi scheme
Id: 3wUJesUik5A
Channel Id: undefined
Length: 13min 51sec (831 seconds)
Published: Wed Apr 14 2021
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Not sure if same guy but the madoff whistleblower spent 8 years being ignored trying to give SEC and FBI evidence. He wrote a book called "no one would listen".
8 fucking years and the only reason he went to jail was because he ran out of people to scam! Confessed to his sons (not the feds) and his sons handed him in otherwise they would have gone to jail too.
Lots of similarities in how they (edit citadel and friends) operate with their political donations and regulatory affiliation with ex regulators etc
Kenny G is the new Madoff for a new decade.
He said all the big bois knew there was something going on with Madoff. So why didn't they report him "because people in glass houses don't throw rocks"
At the end he said all the SEC does is come in after it's over to toe tag and do a body count.
Wow. Think we could get RATM to play in front of the SEC, DTC or federal reserve?! Btw, hope GG does something at the SEC but time will tell.
Fun fact: the SEC did investigate Madoff's firm in 2003. At the time, Bernie's niece, Shana Madoff, was a compliance officer there. The SEC sent Eric Swanson, who was an AD in the Office of Compliance Investigations and Examinations. Eric and Shana started dating -- while Eric was investigating Bernie's firm. Conflict of interest much? Eric managed to somehow miss the largest Ponzi scheme in history, and went on to marry Shana in 2007. Both were investigated after the scheme went bust in 2008 and the SEC concluded they did nothing wrong. Eric is currently a senior VP at BATS Global Markets, which is owned by the largest options exchange in the country, Chicago Board Options Exchange. When the smoke clears on GME, it will be interesting to see where CBOE, BATS, and Swanson stand.
The American Government is one of the largest criminal organizations on the planet. It’s sickening. They launder money, traffic drugs and weapons, perform illegal asset seizures, etc. Fucking hypocritical crooks
This is the ONLY guy therefore the same guy.
Some apes want to solve pollution problems when they get their tendies. SOME APES need to fix this global financial problem. I’ll be busy with mental health initiatives.
https://www.businessinsider.com/bernie-madoff-says-steve-cohen-insider-trades-2011-8
Yeah. Check out my post on this:
Unfortunately it barely reaches 40 upvotes before slammed back down again.
https://reddit.com/r/Superstonk/comments/mxd6bm/140_page_comment_letter_to_the_sec_re_naked_short/