Just The Gist of... Bernie Madoff

His $68 billion fraud literally came down to fake statements printed on a secret floor of the office - so how did he get away with it for long? Bernie Madoff ran the biggest Ponzi scheme in history, and it was shockingly simple. And yeah - he took billions from billionaires, but he also took the life savings and superannuation of everyday people. Homes were foreclosed on and lives were ruined. Bernie insisted only he was to blame, and his wife Ruth and sons Mark and Andrew Madoff denied any knowledge of the fraud. But a 2023 book (Madoff: The Final Word by Richard Behar (2024)) revealed that all three of them may have been far more involved than they insisted. Bernie died alone in prison in 2021, knowing that both Andrew and Mark had died and Ruth was alone in an aged care facility. Did he even care?This is Just The Gist of Bernie Madoff and the biggest Ponzi scheme in history..We give you Just The Gist, but if you want more, there's Breakin' Nooz, JTG After Show AND Bonus eps! You can access them by joining the Gistener Club via the Just The Gist Patreon or Apple Premium Subscriptions.Watch Just The Gist episodes on Youtube @JustTheGistPodcastFollow Just The Gist on Instagram and TikTok @JustTheGistPodcastFollow Rosie in all the places at @RosieWaterlandWant to give us a SuGISTion? Tell Rosie to stop singing so much? Email us at [email protected] The Gist is a Just The Network production. Executive Producer and Host: Rosie Waterland | Senior Producer and Editor: James Joseph | Producers: Kate Leaver, Hayley Staveley & Sammy Petersen | Acast Legend: Guy Scott-Wilson | Production Assistant: PocketDon't forget to follow and give us 5 stars, which means something apparently!Thank you, as always, for Gistening. Now go say something impressive at a dinner party..Madoff: The Final Word by Richard Behar (2024)Where Is Bernie Madoff's Wife Ruth Madoff Now? (People, 2025)Madoff's Final Word: The Sins of Ruth Madoff (Forbes, 2024)Madoff: The Monster of Wall Street official trailer (YouTube, 2023)The Wizard of Lies: Bernie Madoff and the Death of Trust by Diana Henriques (2011)Bernie Madoff case file (FBI, 2021)Bernie Madoff (Wikipedia, 2026) Hosted on Acast. See acast.com/privacy for more information.