“Bernie Madoff was nothing like the stereotypical Ponzi schemer. He was the anti-Ponzi schemer so the penny never dropped”
Bernie Madoff's death this week brought back memories of one of the most far-reaching Ponzi schemes in financial history. Diana Henriques's book The Wizard of Lies told his story. She interviewed Madoff and, even in securing that interview, she experienced in a small way what it was like to trust Madoff and for him to betray that trust. In this podcast, she talked about how Madoff did that and how his Ponzi scheme appealed to people's anxiety rather than their greed.
