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.
http://www.revealnews.org/
The Rise and Fall of Madoff's Ponzi Scheme
After Bernie Madoff’s death, we dig into how he pulled off one of the biggest Ponzi schemes in history. Reporter Steve Fishman explores what lessons the fallen financier’s story holds for today. Madoff duped thousands of investors out of tens of billions of dollars, and his scam rocked Wall Street for years.
Fishman, who spent years interviewing investors, regulators and even Madoff himself from inside federal prison, traces the rise and fall of his scheme. We learn how Madoff pulled it off and why nobody caught on for decades. We also hear from experts who say investors still are vulnerable to financial fraud, especially in the era of bitcoin and other cryptocurrencies.
This show was originally broadcast Feb. 3, 2018.