{"id":534396,"date":"2023-01-03T16:00:00","date_gmt":"2023-01-03T13:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/the-monster-of-wall-street-out-wednesday\/"},"modified":"2023-01-03T16:00:00","modified_gmt":"2023-01-03T13:00:00","slug":"the-monster-of-wall-street-out-wednesday","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/the-monster-of-wall-street-out-wednesday\/","title":{"rendered":"#The Monster of Wall Street&#8217; out Wednesday"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a412839be253\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a412839be253\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/the-monster-of-wall-street-out-wednesday\/#%E2%80%9CThe_Monster_of_Wall_Street_out_Wednesday%E2%80%9D\" >&#8220;The Monster of Wall Street&#8217; out Wednesday&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CThe_Monster_of_Wall_Street_out_Wednesday%E2%80%9D\"><\/span>&#8220;The Monster of Wall Street&#8217; out Wednesday&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>The day in December 2008 when FBI agents put Ponzi schemer Bernie Madoff in cuffs will be remembered for generations \u2014\u00a0and not just by the people who lost everything.  <\/p>\n<p>The numbers were staggering. A whopping $19 billion, all gone, stolen from more than 40,000 investors \u2014\u00a0the New York Mets, Larry King, Kevin Bacon, hospitals, colleges, pension funds \u2014\u00a0over more than two decades. <\/p>\n<p>Now, a new Netflix docu<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> tells the rest of the story. According to Joe Berlinger, director of the four-part \u201cMadoff: The Monster of Wall Street,\u201d out Wednesday, Madoff had also been managing \u201ca significant chunk\u201d of money for international organized crime,<\/p>\n<p>That\u2019s why the New York native, who died in jail in 2021 at the age of 82, was so willing to take the rap, as well as the 150-year prison sentence that followed, Berlinger said. Madoff felt no remorse \u2014\u00a0his guilty plea was just one last selfish act. He was trying to stay alive.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"941\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/Madoff-Court.jpg?w=1024\" alt=\"The new Netflix docuseries sheds light on Bernie Madoff's Ponzi scheme.\" class=\"wp-image-25213234\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/Madoff-Court.jpg?quality=75&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/Madoff-Court.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/Madoff-Court.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>The new Netflix docuseries sheds light on Bernie Madoff\u2019s Ponzi scheme.<\/figcaption><figcaption><span class=\"credit\">AFP via Getty Images<\/span><\/figcaption><\/figure>\n<p>\u201cPeople feel like one of the reasons he was so willing to im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely acknowledge his guilt, say it was all him, and go to jail wasn\u2019t an act of courage,\u201d Berlinger told The Post. \u201cInstead of trying to obfuscate or find a legal way out or to delay [ a verdict], I do think part of that was self protection to avoid a mob hit.\u201d<\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>In fact, during unearthed video depositions, Madoff \u2014 who was rumored for years to have ties with Russian crime syndicates and who famously <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.marketwatch.com\/story\/bernie-madoffs-closest-prison-chum-colombo-crime-family-boss-carmine-persico-jr-2017-05-19\">befriended Colombo family boss<\/a> Carmine John Persico, Jr. while in prison\u2014 states that there were potential deals from the federal government on the table at the time of his trial. <\/p>\n<p>\u201cThe prosecutor wanted me to plea bargain with them to make some sort of a deal by providing information as to who else was involved with this fraud,\u201d Madoff said during one deposition. \u201cThe belief was that I couldn\u2019t be doing this all by myself, that there had to be other people involved.\u201d<\/p>\n<p>In addition to potential Mafia ties, the new series also looks at Madoff\u2019s right hand man, Frank DiPascali. The fellow New Yorker was a \u201ctrusted lieutenant for all his evil misdeeds,\u201d Berlinger said.<\/p>\n<p>In tandem with Madoff, DiPascali \u2014 who first joined the team in 1975 and died in 2015 at age 58 while awaiting sentencing on multiple financial felonies in 2015 \u2014created false returns and investments which, even for the savviest (or luckiest) traders, yielded profits which were unimaginable.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"711\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/84175490.jpg?w=1024\" alt=\"Madoff talks about potential deals on the table in rMadoff talks about potential deals on the table during depositions obtained by documentary producers. \" class=\"wp-image-25213253\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/84175490.jpg?quality=75&amp;strip=all&amp;w=2048 2048w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/84175490.jpg?quality=75&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/84175490.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/84175490.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Madoff talks about potential deals on the table during depositions obtained by documentary producers.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"749\" height=\"1024\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/bernie-madoff-dead-03.jpg?w=749\" alt=\"Bernard Madoff and his wife Ruth Madoff seem at their Montauk beach house in July 1980.\" class=\"wp-image-25217041\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/bernie-madoff-dead-03.jpg?quality=75&amp;strip=all&amp;w=1498 1498w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/bernie-madoff-dead-03.jpg?quality=75&amp;strip=all&amp;w=1123 1123w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/bernie-madoff-dead-03.jpg?quality=75&amp;strip=all&amp;w=749 749w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/bernie-madoff-dead-03.jpg?quality=75&amp;strip=all&amp;w=374 374w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/bernie-madoff-dead-03.jpg?quality=75&amp;strip=all 1024w\" sizes=\"auto, (max-width: 749px) 100vw, 749px\"\/><figcaption>Bernard Madoff and his wife Ruth Madoff seem at their Montauk beach house in July 1980.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>\u201cThere was one simple fact that Bernie Madoff knew, that I knew, and that other people knew, but we never told the clients nor did we tell the regulators like the SEC,\u201d DiPascali admits in a deposition. \u201cNo purchases or sales of securities were actually taking place in their accounts. It was all fake, it was all fictitious.\u201d<\/p>\n<p>Once considered a Wall Street titan, Madoff advised the Securities and Exchange Commission after the 1987 market crash and was instrumental in the formation of NASDAQ \u2013 an exchange he chaired in the 1990s. <\/p>\n<p>But from the start of his career, Madoff was living a double life, with the respectable Bernard L. Madoff Investment Securities, LLC occupying the 19th floor of Midtown Manhattan\u2019s Lipstick building at 885 Third Avenue, two floors above where Madoff\u2019s historic heist was being orchestrated by an unlikely cast of characters.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"703\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/Madoff-2008.jpg?w=1024\" alt=\"According to Joe Berlinger, director of the four-part &quot;Madoff: The Monster of Wall Street,&quot; pleading guilty and going to jail was in part &quot;an act of self preservation.&quot;\" class=\"wp-image-25213285\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/Madoff-2008.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/Madoff-2008.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/Madoff-2008.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>According to Joe Berlinger, director of the four-part \u201cMadoff: The Monster of Wall Street,\u201d pleading guilty and going to jail was in part \u201can act of self preservation.\u201d<\/figcaption><figcaption><span class=\"credit\">Bloomberg via Getty Images<\/span><\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"677\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/bernie-madoff-dead-05.jpg?w=1024\" alt=\"Bernard Madoff poses with his wife Ruth and son Mark in Nov. 2001.\" class=\"wp-image-25217044\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/bernie-madoff-dead-05.jpg?quality=75&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/bernie-madoff-dead-05.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/bernie-madoff-dead-05.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Bernard Madoff poses with his wife Ruth and son Mark in Nov. 2001.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>\u201cThe 17th floor [was] full of people plucked from high school for the most part \u2013 or people who would not have this kind of an opportunity to make this kind of money \u2013 who Bernie felt he could control and manipulate,\u201d said Berlinger, an Academy Award nominee who also produced \u201cJeffrey Epstein: Filthy Rich.\u201d The documentarian added that the claustrophobic space was a maze of dot matrix printers, filing boxes and fraudulent financial documents.<\/p>\n<p>Ultimately, Madoff\u2019s downfall was brought on by the infamous housing market collapse of 2008, which annihilated the stock market and caused investors to abruptly pull their money out from the fund. <\/p>\n<p>\u201cIf it wasn\u2019t for this one black swan event of the mortgage meltdown that caused the financial crisis, literally a once in a century event,\u201d Berlinger said. \u201cHad that not h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ened? I think this would have gone on for decades.\u201d\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2023\/01\/03\/netflix-docuseries-madoff-the-monster-of-wall-street-out-wednesday\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;The Monster of Wall Street&#8217; out Wednesday&#8221; The day in December 2008 when FBI agents put Ponzi schemer Bernie Madoff in cuffs will be remembered for generations \u2014\u00a0and not just by the people who lost everything. The numbers were staggering. A whopping $19 billion, all gone, stolen from more than 40,000 investors \u2014\u00a0the New York&#8230;<\/p>\n","protected":false},"author":1,"featured_media":534397,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/newspress-collage-25208571-1672751038609.jpg?quality=75&strip=all&1672734863&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[137929,110484,77869,45339,83001,40393,87753,116986],"class_list":["post-534396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-1-3-23","tag-2008-financial-crisis","tag-bernie-madoff","tag-mafia","tag-mob","tag-netflix-originals","tag-whats-new-on-netflix","tag-white-collar-crime"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/534396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=534396"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/534396\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/534397"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=534396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=534396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=534396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}