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Crimes of the Centuries

S4 Ep9: The Monster of Wall Street

Crimes of the Centuries

Amber Hunt and Audioboom

True Crime, Documentary, Society & Culture, History

4.63.8K Ratings

🗓️ 29 April 2024

⏱️ 42 minutes

🧾️ Download transcript

Summary

While the grift he deployed had been named for another man, Bernie Madoff took the concept of a Ponzi scheme and pumped it full of steroids, allowing it to keep him -- and plenty of others -- filthy rich for literally decades. In the end, Madoff bilked some $65 billion from thousands of clients, all while maintaining such a sheen of respectability that he was charged with helping write the very rules he himself eschewed.

"Crimes of the Centuries" is a podcast from Grab Bag Collab exploring forgotten crimes from times past that made a mark and helped change history

DON'T FORGET ABOUT THE CRIMES OF THE CENTURIES BOOK! Order today at www.centuriespod.com/book (https://www.centuriespod.com/book)!

Follow us on Instagram and Twitter: @centuriespod

Transcript

Click on a timestamp to play from that location

0:00.0

Hey everybody. Before we get started, just a friendly reminder. You could have already heard this

0:07.3

episode over at the Grabbag Collabor Patreon at Patreon.com slash Grabbag Club.

0:13.0

That's the podcasting network I launched with my partner in Pulitzer winning, Amanda

0:18.0

Rossman and also Tony Award winning actor Daisy Egan, whose amazing show Strange and Unexplained, is also on Grabbag

0:25.8

Collab now.

0:26.8

For $8 month, you get early, add free episodes of Crimes of the Centries and Strange and Un explained,

0:33.2

plus several other shows.

0:34.8

There's The Catalyst, which I've shared with you before in this feed.

0:38.0

There's Dear Daisy, a podcast about secrets.

0:40.8

There's Shut the F Up, Nick Lacheache, a recap show about Love is Blind with host

0:45.0

Daisy and Broadway superstar Ella Marsh. Plus we rotate in new limited run shows

0:50.4

too and mix another fun bonuses at the various tiers. We're a profit sharing

0:55.0

network so we're trying to build something new and innovative over there and we'd

0:58.8

love your support. So please head on over to Petrian.com slash Grabbag Collab to at least sign up for the free tier

1:06.4

so you can decide if we're a community you'd like to join. Some crimes are so heartbreaking or shocking that they change laws, change society, or even earn the label Crime of the Century.

1:27.6

But the stories that made headlines in decades past aren't necessarily remembered today.

1:34.0

I'm Amber Hunt, a journalist and author, and in each episode of this show, I'll examine a case that's maybe lesser known today, but was huge when it happened.

1:45.8

This is crimes of the centuries. When Bernie Madoff finally confessed what he had

2:05.0

done to his wife Ruth and their two grown sons, what's a Ponzi scheme, she asked.

2:08.0

The sons, Mark and Andrew, knew what it was.

2:11.0

They also knew in that instant their lives as they had always known them were over.

2:16.8

Both sons left their parents lush Upper East Side penthouse and never spoke to or saw their father again.

...

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