Reveal’s investigations will inspire, infuriate and inform you. Host Al Letson and an award-winning team of reporters deliver gripping stories about caregivers, advocates for the unhoused, immigrant families, warehouse workers and formerly incarcerated people, fighting to hold the powerful accountable. The New Yorker described Reveal as “a knockout … a pleasure to listen to, even as we seethe.” A winner of multiple Peabody, duPont, Emmy and Murrow awards, Reveal is produced by the nation’s first investigative journalism nonprofit, The Center for Investigative Reporting, and PRX. From unearthing exploitative working conditions to exposing the nation’s racial disparities, there’s always more to the story. Learn more at revealnews.org/learn.
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How Bernie Made Off: Are we safe from the next Ponzi scheme?
Bernard Madoff may be a fading memory from the past, but for reporter Steve Fishman, the fallen financier’s story holds lessons for today. Madoff masterminded one of the biggest Ponzi schemes in history, duping thousands of investors out of tens of billions of dollars. His scam rocked Wall Street for years.
In this episode, we trace the rise and fall of Madoff through Fishman, who spent years interviewing investors, regulators and even Madoff himself from inside federal prison. We learn how Madoff pulled off his scam, and why nobody caught on for decades. We also hear from experts who say that investors still are vulnerable to financial fraud, especially in the era of bitcoin and other cryptocurrencies.
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