E29: From Wall Street Genius to Prisoner: The True Story of Bernie Madoff

Financial journalist Diana B. Henriques joins El Podcast to unravel the Bernie Madoff Ponzi scheme, discuss systemic regulatory failures, and explore her forthcoming book on FDR’s financial reforms.Guest Bio: Diana B. Henriques is a Pulitzer Prize-finalist and award-winning financial journalist known for her investigative reporting on white-collar crime, market regulation, and corporate fraud. She is the author of The Wizard of Lies: Bernie Madoff and the Death of Trust, adapted into an HBO film starring Robert De Niro and Michelle Pfeiffer, and her new book Taming the Street explores FDR’s fight to regulate American capitalism.Topics Discussed:The scale, secrecy, and timeline of Bernie Madoff’s Ponzi schemeRegulatory blind spots and the illusion of trust in financeDifferences between sociopathic behavior and criminal choicesThe criminal justice system’s treatment of white-collar crimeThe HBO film adaptation of The Wizard of LiesFTX, crypto regulation, and echoes of the unregulated 1920s marketHenriques’s new book on FDR and the origins of U.S. financial regulationTop 3 Quotes:“Madoff was more comfortable living with himself as a liar than living with himself as a failure.”“If it sounds too good to be true, you're dealing with an amateur. Bernie wasn't an amateur—he was a pro.”“Ponzi schemes aren’t over—one surfaces every five or six days.”📺Watch full podcast on YouTube➡️https://youtu.be/0ydT9s-s80I 🎙 The Pod is hosted by Jesse Wright💬 For guest suggestions, questions, or media inquiries, reach out at https://elpodcast.media/📬 Never miss an episode – subscribe and follow wherever you get your podcasts.⭐️ If you enjoyed this episode, please rate and review the show. It helps others find us. Thanks for listening!