Subscribe

Horror Effect Image

69

The Scheme

Bernie Madoff / Samuel Israel III

go back

69: The Scheme

A Wall Street tycoon’s money management firm is revealed to be the world’s largest Ponzi scheme.

Prelude: Samuel Israel III disappears after his hedge fund collapses.

OTHER WAYS TO LISTEN:

Music performed by Deformr

Sources

Hide

1.

https://www.bloomberg.com/apps/news?pid=20601087&sid=a7_CvbPGGC3U&refer=home

2.

https://money.cnn.com/2005/09/29/markets/bayou/index.htm

3.

https://www.cnbc.com/2010/01/27/Suicide-is-Painless:-The-Fall-of-Samuel-Israel-III.html

4.

https://www.masslive.com/news/2008/07/fund_manager_who_faked_suicide.html

5.

https://www.marieclaire.com/politics/news/a2242/sam-israel-debra-ryan-fraud-fugitive/

6.

https://www.masslive.com/news/2008/07/fund_manager_who_faked_suicide.html

7.

https://www.masslive.com/news/2008/07/fugitive_executive_tells_judge.html

8.

https://www.masslive.com/news/2008/10/ny_judge_orders_medical_exam_f.html

9.

https://www.masslive.com/news/2009/01/girlfriend_of_hedge_fund_swind.html

10.

http://www.nbcnews.com/id/26560577/ns/dateline_nbc-newsmakers/t/mystery-missing-millionaire/#.V0MHDryMB0s

11.

http://www.nypost.com/seven/06102008/news/regionalnews/suicide_note_left_on_convicted_swindlers_114897.htm

12.

https://www.nytimes.com/2005/08/25/business/connecticut-investigates-hedge-fund-for-solvency.html

13.

https://www.nytimes.com/2005/08/28/business/yourmoney/a-hedge-fund-falls-off-the-face-of-the-earth.html

14.

https://www.nytimes.com/2005/08/29/business/at-defunct-fund-close-ties-to-auditor.html

15.

https://www.nytimes.com/2005/08/30/business/did-fees-at-bayou-overwhelm-diligence.html

16.

https://www.nytimes.com/2005/08/31/business/big-account-in-arizona-may-hold-bayou-cash.html

17.

https://www.nytimes.com/2005/08/31/business/worldbusiness/seized-101-million-may-be-part-of-hedge-fund.html

18.

https://web.archive.org/web/20030224231542/http://www.fastcompany.com/lead/lead_feature/pg2.html

19.

https://www.nytimes.com/2005/09/02/business/details-on-missing-100-million-in-arizona-affidavit.html

20.

https://www.nytimes.com/2005/09/02/business/us-sues-bayou-fraud-cited.html

21.

https://www.nytimes.com/2005/09/03/business/judge-names-a-liquidator-for-4-bayou-hedge-funds.html

22.

https://www.nytimes.com/2005/09/04/business/yourmoney/connect-the-dots-find-the-fees.html

23.

https://www.nytimes.com/2005/09/06/business/hedge-fund-managers-tried-to-get-into-movie-business.html

24.

https://www.nytimes.com/2005/09/09/business/lessons-from-two-wrecked-hedge-funds.html

25.

https://www.nytimes.com/2005/09/17/business/clues-to-a-hedge-funds-collapse.html

26.

https://www.nytimes.com/2005/09/18/business/yourmoney/a-fib-here-a-scandal-there.html

27.

https://www.nytimes.com/2005/09/22/business/suit-details-bayou-founders-explanations-of-unpaid-personal-loan.html

28.

https://www.nytimes.com/2005/09/29/business/bayou-chief-is-expected-to-turn-himself-in.html

29.

https://www.nytimes.com/2005/09/30/business/two-at-hedge-fund-emerge-to-plead-guilty-to-fraud.html

30.

https://www.nytimes.com/2006/05/31/business/31bayou.html

31.

https://www.nytimes.com/2006/12/15/business/15bayou.html

32.

https://www.nytimes.com/2008/01/23/business/23fund.html

33.

https://www.nytimes.com/2008/04/14/business/rtbayou-web.html

34.

https://www.nytimes.com/2008/04/15/business/15bayou.html

35.

http://dealbook.blogs.nytimes.com/2008/06/10/possible-suicide-of-fund-manager-investigated/

36.

https://www.nytimes.com/2008/06/11/business/11bayou.html

37.

https://www.nytimes.com/2008/06/11/business/worldbusiness/11iht-bayou.1.13632243.html

38.

https://www.nytimes.com/2008/06/13/business/13bayou.html

39.

https://www.nytimes.com/2008/06/14/business/14bayou.html

40.

https://www.bbc.com/news/business-13064928

41.

https://www.nytimes.com/2008/06/17/business/17bayou.html

42.

https://www.nytimes.com/2008/06/20/business/20bayou.html

43.

https://www.cbsnews.com/news/procter-gamble-wins-satanic-civil-suit/

44.

https://www.nytimes.com/2008/07/03/business/03bayou.html?th&emc=th

45.

https://www.nytimes.com/2008/07/03/business/worldbusiness/03iht-bayou.4.14215148.html

46.

https://www.nytimes.com/2008/07/04/business/04bayou.html

47.

https://www.nytimes.com/2008/07/18/business/18bayou.html

48.

https://www.nytimes.com/2008/08/07/business/07bayou.html

49.

https://www.nytimes.com/2009/01/15/business/15bayou.html

50.

https://www.nytimes.com/2009/02/11/business/11bayou.html

51.

https://www.nytimes.com/2009/03/17/business/17bayou.html

52.

https://dealbook.nytimes.com/2009/06/09/girlfriend-gets-probation-in-fund-managers-escape/

53.

https://www.nytimes.com/2010/01/08/business/08norris.html

54.

https://www.nytimes.com/2010/06/26/business/26bayou.html

55.

https://dealbook.nytimes.com/2010/11/30/goldmans-20-million-consequence/

56.

https://www.nytimes.com/2011/01/31/sports/baseball/31mets.html

57.

https://dealbook.nytimes.com/2012/06/25/a-con-man-who-lives-between-truth-and-fiction/

58.

https://dealbook.nytimes.com/2012/06/25/

59.

https://www.nytimes.com/2012/07/01/business/octopus-looks-at-bayou-hedge-funds-collapse-review.html

60.

https://dealbook.nytimes.com/2012/07/05/bayou-award-against-goldman-is-upheld/

61.

https://www.nytimes.com/2012/08/19/business/goldman-sachs-still-playing-in-bayous-mud-fair-game.html

62.

https://web.archive.org/web/20080705203132/http://www.msnbc.msn.com/id/25495609/

63.

https://web.archive.org/web/20100703135737/http://www.time.com/time/business/article/0,8599,1819693,00.html?xid=feed-rss-netzero

64.

https://www.wsj.com/articles/SB118679292540994807

65.

https://www.nytimes.com/1999/07/01/business/p-g-to-end-animal-tests-for-most-consumer-goods.html

66.

https://web.archive.org/web/20080708222246/https://www.fbi.gov/wanted/alert/israel_s.htm

67.

https://securities.stanford.edu/filings-documents/1035/BHFE05_01/200636_o01c_0501762.pdf

68.

https://en.wikipedia.org/wiki/Madoff_investment_scandal

69.

https://www.pbs.org/wgbh/pages/frontline/madoff/cron/

70.

https://www.theguardian.com/business/2009/mar/12/bernard-madoff-timeline-fraud

71.

https://www.theguardian.com/business/2009/mar/12/bernard-madoff-timeline-fraud

72.

https://www.fool.com/investing/general/2008/12/18/could-you-make-money-the-madoff-way.aspx

73.

https://abcnews.go.com/US/life-madoff-ruth-living-25-million-connecticut/story?id=36557458

74.

https://abcnews.go.com/Blotter/WallStreet/story?id=6471863

75.

`https://abcnews.go.com/images/Blotter/Ruth%20Madoff%20Statement.pdf

76.

`https://abcnews.go.com/Blotter/bernie-madoff-wife-ruth-attempted-suicide/story?id=14821587

77.

https://abcnews.go.com/US/mafia-don-bernie-madoffs-boastful-letter-angry-daughter/story?id=14777562

78.

https://abcnews.go.com/Blotter/mark-madoff-madoff-chronicles/story?id=12374049

79.

https://abcnews.go.com/Business/madoff-widow-blames-bernie-sons-suicide-attempts-death/story?id=14766429

80.

https://apnews.com/article/bernie-madoff-dead-9d9bd8065708384e0bf0c840bd1ae711

81.

http://www.bailii.org/ew/cases/EWHC/Comm/2013/3147.html

82.

https://www.barrons.com/articles/SB989019667829349012

83.

https://www.barrons.com/articles/SB122973813073623485

84.

https://web.archive.org/web/20120614072011/http://www.sec.state.ma.us/sct/sctfairfield/Fairfield_Exhibit_1.pdf

85.

https://www.bbc.co.uk/news/world-us-canada-15471683

86.

https://www.bbc.com/news/world-us-canada-13665904

87.

https://www.bbc.co.uk/news/business-25641476

88.

http://news.bbc.co.uk/2/hi/business/8124838.stm

89.

https://www.bloomberg.com/news/articles/2020-06-04/bernie-madoff-denied-bid-for-compassionate-release-from-prison

90.

https://www.bloomberg.com/news/articles/2016-03-04/the-mystery-madoff-victims-who-left-2-5-billion-on-the-table

91.

https://www.cbsnews.com/stories/2009/02/27/60minutes/main4833667.shtml

92.

https://www.cbc.ca/news/business/madoff-gets-150-years-for-fraud-1.784066

93.

https://www.cnbc.com/2019/07/24/bernard-madoff-asks-trump-to-reduce-prison-sentence-for-ponzi-scheme.html

94.

https://www.cnbc.com/2020/06/04/bernie-madoff-denied-prison-release-in-fraud-case.html

95.

https://www.cnbc.com/2015/01/23/in-new-emails-madoff-defends-his-dead-sons.html

96.

https://www.cnbc.com/id/29911053

97.

https://money.cnn.com/2009/04/24/news/newsmakers/madoff.fortune/index.htm

98.

https://money.cnn.com/2000/05/29/investing/q_madoff/

99.

http://www.denverpost.com/ci_13316650

100.

http://news.findlaw.com/hdocs/docs/madoff/bernard-guilty-plea31209statement.html

101.

https://www.forbes.com/sites/streettalk/2010/04/06/the-card-sharp-who-cottoned-onto-madoffs-fraud-in-1991/

102.

https://www.forbes.com/sites/carolinehoward/2010/12/12/mark-madoff-suicide-bullied-to-death/

103.

https://web.archive.org/web/20140107073357/http://finance.fortune.cnn.com/2012/07/02/the-madoff-saga-is-far-from-over/

104.

https://www.foxbusiness.com/business-leaders/bernie-madoff-cause-of-death-revealed-hypertension-kidney-failure

105.

http://www.foxnews.com/story/0,2933,529858,00.html

106.

https://gothamist.com/news/mark-madoffs-suicide-followed-final-e-mails-to-wife-lawyer

107.

http://www.greenwichtime.com/local/article/Ruth-Madoff-Living-quietly-inside-the-glare-11176267.php

108.

https://www.independent.co.uk/news/business/analysis-and-features/the-madoff-files-bernie-s-billions-1518939.html

109.

https://www.inquirer.com/philly/business/estates-of-madoffs-dead-sons-reach-23-million-u-s-settlement-20170626.html

110.

https://web.archive.org/web/20110615040356/http://fr.jpost.com/servlet/Satellite?cid=1233304648603&pagename=JPost%2FJPArticle%2FShowFull

111.

https://www.justice.gov/sites/default/files/usao-sdny/legacy/2012/04/16/criminalcomplaint.pdf

112.

https://www.justice.gov/usao/nys/madoff/20090629sentencingtranscriptcorrected.pdf

113.

https://www.latimes.com/business/la-xpm-2012-may-07-la-fi-mo-madoff-suit-20120507-story.html

114.

No One Would Listen By Harry Markopolos

Book

115.

https://nakedshorts.typepad.com/files/madoff.pdf

116.

https://www.npr.org/templates/story/story.php?storyId=98435441

117.

https://www.nydailynews.com/news/crime/bernie-madoff-baffled-sec-blunders-compares-agency-bumbling-actions-lt-colombo-article-1.382446

118.

http://www.nydailynews.com/money/2009/06/29/2009-06-29_madoff_gets_max.html

119.

http://www.nydailynews.com/money/2009/04/12/2009-04-12_now_thats_a_decent_return_madoffs_opening_day_mets_tickets_sell_for_7500_on_ebay.html

120.

http://www.nydailynews.com/money/2008/12/25/2008-12-25_bernie_madoff_should_rot_with_rats_victi.html

121.

https://nypost.com/2009/06/30/ruth-i-feel-betrayed-and-confused/

122.

https://web.archive.org/web/20081217171138/http://m.nypost.com/ms/p/nyp/nyp/view.m?id=23907&storyid=143966

123.

http://www.nypost.com/p/news/local/bernie_in_sock_market_jKGahzMFDbv30s8wfIxvhO

124.

https://web.archive.org/web/20100623012404/http://www.nypost.com/p/news/local/madoff_HD9ShMJK26jjNYTFSO7LpJ/0

125.

https://nypost.com/2017/03/27/man-leaps-to-death-from-sofitel-hotel/

126.

https://nypost.com/2010/12/12/bernie-madoffs-son-kills-himself/

127.

https://nypost.com/2011/10/20/madoff-sons-wife-bares-how-suicide-hubby-paid-for-ins-of-the-father/

128.

https://nypost.com/2021/04/14/ruth-madoff-is-living-in-a-3-8m-connecticut-waterfront-home/

129.

https://www.nytimes.com/2008/12/12/business/12scheme.html

130.

https://www.nytimes.com/2008/12/13/business/13investors.html

131.

https://www.nytimes.com/2008/12/13/nyregion/13madoff.html

132.

https://www.nytimes.com/2008/12/13/business/13fraud.html

133.

https://dealbook.nytimes.com/2008/12/14/a-list-those-exposed-to-losses-from-madoff/

134.

https://www.nytimes.com/2008/12/14/sports/baseball/14wilpon.html

135.

https://www.nytimes.com/2008/12/15/business/15palm.html

136.

https://www.nytimes.com/2008/12/15/business/15madoff.html

137.

https://dealbook.nytimes.com/2008/12/16/the-brazilian-connection-in-the-madoff-scandal/

138.

https://www.nytimes.com/2008/12/16/business/16secure.html

139.

https://www.nytimes.com/2008/12/17/business/worldbusiness/17exposure.html

140.

https://www.nytimes.com/2008/12/17/business/17hedge.html

141.

https://www.nytimes.com/2008/12/17/business/worldbusiness/17iht-middle.4.18768906.html

142.

https://www.nytimes.com/2008/12/18/business/18madoff.html

143.

https://www.nytimes.com/2008/12/18/business/18brokers.html

144.

https://economix.blogs.nytimes.com/2008/12/19/madoff-as-consistent-a-golfer-as-he-was-an-investor/

145.

https://www.nytimes.com/2008/12/19/business/19ponzi.html

146.

https://www.nytimes.com/2008/12/19/business/19swanson.html

147.

https://www.nytimes.com/2008/12/20/business/20madoff.html

148.

https://www.nytimes.com/2008/12/22/business/22accounting.html

149.

https://www.nytimes.com/2008/12/23/nyregion/23yeshiva.html

150.

https://www.nytimes.com/2008/12/24/business/worldbusiness/24ubp.html

151.

https://www.nytimes.com/2008/12/24/business/24suicide.html

152.

https://www.nytimes.com/2008/12/24/us/24jews.html

153.

https://www.nytimes.com/2008/12/25/business/25madoff.html

154.

https://www.nytimes.com/2008/12/30/business/30madoff.html

155.

https://www.nytimes.com/2009/01/02/business/02madoff.html?_r=1

156.

https://www.nytimes.com/2009/01/10/business/10madoff.html

157.

https://www.nytimes.com/2009/07/15/business/15madoff.html

158.

https://www.nytimes.com/2010/12/12/business/12madoff.html

159.

https://dealbook.nytimes.com/2010/12/16/mark-madoffs-name-became-too-big-a-burden/

160.

https://parenting.blogs.nytimes.com/2012/09/19/as-daddy-mark-madoff-lives-on/

161.

https://www.nytimes.com/2014/09/04/business/andrew-madoff-son-of-convicted-financier-dies-at-48.html

162.

https://www.nytimes.com/2020/02/05/business/bernie-madoff-prison-release.html

163.

https://www.nytimes.com/2020/06/04/business/bernie-madoff-sentence.html

164.

https://www.nytimes.com/2021/04/14/business/bernie-madoff-dead.html

165.

http://philoctetes.org/Past_Programs/The_Future_of_the_Stock_Market

166.

https://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN1424896820090714

167.

https://www.reuters.com/article/us-usa-crime-madoff/bernard-madoff-fails-to-win-compassionate-release-from-prison-idUSKBN23B344

168.

https://www.reuters.com/article/us-madoff-son-suicide/bernard-madoffs-elder-son-dead-in-suicide-idUSTRE6BA1GE20101212

169.

https://www.reuters.com/article/domesticNews/idUSTRE54C4HW20090513

170.

https://www.reuters.com/article/us-madoff-chais-idUSKCN12S1Y1

171.

https://www.c-span.org/video/?283836-1/investigations-madoff-fraud-allegations

172.

https://www.c-span.org/video/?283836-4/investigations-madoff-fraud-allegations-part-2

173.

https://www.c-span.org/video/?292982-1/after-words-harry-markopolos

174.

https://www.c-span.org/video/?290555-1/madoff-ponzi-scheme-investor-protection

175.

https://www.c-span.org/video/?287707-1/securities-exchange-commission

176.

https://www.c-span.org/video/?288828-1/securities-exchange-commission-madoff-ponzi-scheme

177.

https://www.sec.gov/news/press/2008/2008-293.htm

178.

https://www.sec.gov/litigation/complaints/2010/comp21750-bongiorno.pdf

179.

https://www.seattletimes.com/nation-world/2-madoff-workers-arrested-charged-with-conspiracy/

180.

https://www.seattletimes.com/business/ap-source-ponzi-schemer-bernie-madoff-dies-in-prison/

181.

https://www.spokesman.com/stories/2010/dec/12/madoff-son-46-commits-suicide/

182.

https://archive.sltrib.com/article.php?id=3872214&itype=CMSID

183.

https://www.sun-sentinel.com/news/fl-xpm-2009-01-18-0901180024-story.html

184.

http://articles.sun-sentinel.com/2009-03-08/news/0903070146_1_ponzi-scheme-bernard-madoff-scandal-doubt-bernie-madoff

185.

https://www.telegraph.co.uk/news/uknews/5503929/Bernard-Madoff-fraud-victim-committed-suicide-to-avoid-bankruptcy-shame.html

186.

https://www.theatlantic.com/business/archive/2010/12/understanding-mark-madoff-s-misery/342962/

187.

https://www.thedailybeast.com/mark-madoff-suicide-what-he-knew

188.

https://www.theguardian.com/business/andrew-clark-on-america/2010/jun/07/bernard-madoff

189.

https://www.theguardian.com/business/2010/dec/11/bernard-madoff-son-mark-hanged

190.

https://www.thetimes.co.uk/article/wall-street-legend-bernard-madoff-arrested-over-dollar50-billion-ponzi-scheme-5hj7gx2klbr

191.

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article5720211.ece

192.

https://dam.tmz.com/document/f0/o/2021/04/30/f064c369685d46469315292ac9e156c1.pdf

193.

https://www.townandcountrymag.com/society/money-and-power/a9656715/bernie-madoff-ponzi-scheme-scandal-story-and-aftermath/

194.

https://web.archive.org/web/20090324021939/http://www.tradersmagazine.com/issues/20_292/-103503-1.html

195.

https://www.tradersmagazine.com/news/another-stab-atthe-third-market-madoffs-brave-new-trading-world/

196.

https://www.usatoday.com/money/markets/2008-12-14-ponzi-madoff-downfall_N.htm

197.

https://www.usdoj.gov/usao/nys/madoff/madoffhearing031209.pdf

198.

https://www.washingtonpost.com/wp-dyn/content/article/2008/12/12/AR2008121203970.html?hpid=topnews

199.

https://www.washingtonpost.com/wp-dyn/content/article/2009/06/26/AR2009062604652.html

200.

https://www.washingtonpost.com/business/economy/seven-sec-employees-disciplined-on-failure-to-stop-madoff-fraud/2011/11/10/gIQA3kYYCN_story.html

201.

https://www.wsj.com/articles/SB123685693449906551

202.

https://www.wsj.com/articles/SB123111743915052731?mod=googlenews_wsj

203.

https://www.wsj.com/articles/SB124889554637990959

204.

https://www.wsj.com/articles/bernie-madoff-dead-at-82-disgraced-investor-ran-one-of-the-biggest-ponzi-schemes-in-history-11618408844

205.

https://www.wsj.com/articles/SB10001424052748704743404575128031143424928

206.

https://www.wsj.com/articles/bernie-madoff-says-hes-dying-requests-early-release-from-prison-11580945272

207.

https://www.wsj.com/articles/SB124612092335264949

208.

https://www.wsj.com/articles/SB124604151653862301

209.

https://www.wsj.com/articles/SB10001424052748703727804576017830974885652

210.

https://www.wsj.com/articles/SB125210039740087421

211.

http://online.wsj.com/public/resources/documents/20090315madoffall.pdf

212.

http://online.wsj.com/public/resources/documents/Madoff_SECRecommend_20081217.pdf

Load more

68: The Ghost Writer

go to
the next episode

68

The Ghost Writer

Anthony Godby Johnson / New Horizons Youth Ministries

Buy something
you don't need

CTA Image

Become a ValuedListener™