Ruth Madoff, wife of disgraced financier Bernard L. Madoff, says the couple attempted suicide on Christmas Eve 2008, shortly after he confessed to running the largest Ponzi scheme in history. "We were both so saddened by everything that had happened," Ruth Madoff said in an interview with The New York Times. "It was unthinkable to me: hate mail, phone calls, lawyers." Diana Henriques, reporter for The New York Times and author of the Madoff book, "The Wizard of Lies," interviewed Ruth Madoff, and tells The Takeaway what they discussed.
Hard to believe, but it's been one year since Ponzi scheme 'mastermind' Bernie Madoff was arrested for scamming over $50 billion from investors. We thought it'd be the perfect time to check in and see how Madoff's victims and associates are doing, one year after his arrest. Aaron Lucchetti is a reporter for The Wall Street Journal whose latest article says the Madoff sons are having an incredibly hard time finding themsleves new jobs. Cynthia Crane was one of Madoff's many victims; she decided to adapt her story for the theatre in a show titled, "John Denver, Bernie Madoff, and Me."
S.E.C. Inspector General David Kotz released a report stating that the agency had missed numerous opportunities to bust Bernie Madoff and his 16-year Ponzi scheme. Madoff's scam cost investors billions of dollars, shuffling money away from retirement funds, charitable donations, and trusts. Madoff is currently serving a 150-year sentence for his crimes, but what can the S.E.C. do to redeem themselves? We talk to David Scheer, S.E.C. reporter for Bloomberg News.
While newspapers and magazines have lined their pages with details of Bernie Madoff's deceit, the literary world is still trying to cash in on the embezzlement drama. The sixth book on the life and times of the convicted Ponzi schemer hits bookstores today.
The book was penned by Sheryl Weinstein, former CEO of Hadassah, the Women’s Zionist Organization of America, and one of Madoff’s investors. We speak to Motoko Rich, who covers the publishing industry for The New York Times, along with author and journalist Erin Arvedlund, whose book “Too Good to be True: The Rise and Fall of Bernie Madoff” just came out this month.