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Let's Go To Court!

279: The Mini Madoff

Let's Go To Court!

Let's Go To Court!

True Crime, History, Comedy

4.84.8K Ratings

🗓️ 6 December 2023

⏱️ 94 minutes

🧾️ Download transcript

Summary

Darren Berg was a bit of a scammer. He scammed his fraternity brothers at the University of Oregon. He scammed a Portland bank. Following each scam, Darren received a slap on the wrist. So was it any surprise that Darren moved onto bigger scams? (No. The answer is no.) By the mid-2000s, Darren was running a $150 million dollar Ponzi scheme. He had two yachts, two private jets, and a sweet hot tub to show for it.

And now for a note about our process. For this episode, Kristin read a bunch of articles, then spat them back out in her very limited vocabulary. We owe a huge debt of gratitude to the real experts who covered these cases.

In this episode, Kristin pulled from:
“Seattle Roasted,” episode of American Greed
“Financial empire, luxurious lifestyle were built on a a mirage,” by Rami Grunbaum for Seattle Times
“Prison escape of Darren Berg, Washington’s ‘Mini Madoff,’ is like ‘Shawshank Redemption,’ official says,” by Mike Carter for the Seattle Times
“Darren Berg on the Run: Inside the biggest ponzi scheme in Washington State history,” by Clara O’Rourke for Seattle Met
“Escaped Ponzi scammer possibly went to Brazil,” by Michael Balsamo and Chad Day for the Associated Press

YOU’RE STILL READING? My, my, my, you skeezy scunch! You must be hungry for more! We’d offer you some sausage brunch, but that gets messy. So how about you head over to our Patreon instead? (patreon.com/lgtcpodcast). At the $5 level, you’ll get 53+ full length bonus episodes, plus access to our 90’s style chat room!

Transcript

Click on a timestamp to play from that location

0:00.0

One semester of law school.

0:02.0

One semester of criminal justice.

0:04.6

Two experts.

0:06.7

I'm Kristen Caruso.

0:08.1

I'm Brandy Pond.

0:09.2

Let's go to court.

0:11.0

On this episode, I'll be talking about the mini made-off.

0:14.0

Ooh, we got a Ponzi scheme?

0:16.0

Just a cute little one.

0:18.0

Cute little Ponzi scheme.

0:19.0

The most adorable little Ponzi scheme he ever did.

0:22.0

Is this what they call this person a mini made off? Yeah. You think I made this up? I'm not that clever. You're pretty clever. Oh, thank you, darling. My mic is on the whole other side.

0:34.0

I know, and everyone, I don't know if we're going to release this video, but this is the first...

0:38.8

We're recording video.

0:39.8

We're recording video.

0:40.8

We're looking right at you.

0:42.0

Uh-huh. This might be a test. It might be a test.

0:45.0

And so in that case just disregard everything. But we are looking a little extra

0:50.3

cute today. That's right. Yeah. Brandy got a fresh blowout I have pants on.

0:56.5

She normally does this podcast cooter to the wind. You fucking wish.

1:02.3

And I say to her, please, throw a sheet over at least. Am I right? Anyway,

1:11.5

welcome everyone to this lovely episode.

...

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