FRAUD: Bernard Madoff

In December 2008, Bernard Madoff confessed to operating the largest Ponzi scheme in financial history from inside his own Wall Street firm, defrauding thousands of investors across multiple countries of billions of dollars over decades. Despite multiple warnings submitted to regulators, the fraud went undetected for at least 17 years, and the full scope of knowing participation and the movement of all transferred funds has never been fully established. The Madoff Victim Fund, administered by the Department of Justice, continues to accept claims from eligible investors who lost funds in the scheme and can be reached at 1-800-896-7665. To listen to this podcast ad-free and access premium episodes, try our subscription with a 14-day free trial at obomedia.com. © 2026 OBOMEDIA. All rights reserved. This episode and its content (audio, text, and related materials) are the exclusive property of OBOMEDIA and are protected by applicable copyright laws. Reproduction, distribution, editing, or commercial use, in whole or in part, without prior written permission from OBOMEDIA is prohibited. For permissions, licensing, and business inquiries: [email protected]. This episode includes AI-generated content.