GO
Loading...

Scam of the Century: Bernie Madoff & The $50 Billion Heist

About the Show

Scam of the Century: Bernie Maddof's Crime and Punishment
CNBC delves into the mind of Bernie Madoff and explores the devastating multi-billion dollar scam.

As the far-reaching, devastating scandal unfolds; CNBC delves into the mind of investment manager Bernie Madoff and explores how the ponzi scheme worked. Who were the victims in the multi-billion dollar scam?

CNBC anchors and correspondents including David Faber , Charlie Gasparino , Mary Thompson , Melissa Lee and Scott Cohn provide investigative reporting on Madoff's firm, the many warning signs, the human and financial toll, and the fallout among the Palm Beach elite and others hardest hit by the scheme.

On the day Bernie Madoff was sentenced to 150 years in prison, we hear from his lawyer Ira Lee Sorkin, the vicitms who were allowed to address him in court and finally from his wife Ruth Madoff.

Inside the Scandal

  • Bernie Madoff & The $50 Billion Heist Wednesday, 17 Dec 2008 | 4:21 PM ET
    If it sounds too good to be true, it probably is. Those words take on dramatic resonance since the public unraveling of investment manager Bernard L. Madoff’s "Ponzi scheme." Victims including charities and bold-faced names leaving some with nothing.  On June 29, 2009 Bernard Madoff was sentenced to 150 years in prison.

    If it sounds to good to be true, it probably is. Those words take on dramatic resonance since the public unraveling of investment manager Bernard L. Madoff’s alleged Ponzi scheme.

Video Excerpts

  • The Victims/Madoff Scandal     Thursday, 18 Dec 2008 | 12:00 AM ET

    Client Joyce Greenberg tells CNBC's Melissa Lee Madoff's investment statements looked believable.

  • Colorado Fires Turn Deadly     Friday, 29 Jun 2012 | 7:25 PM ET

    The Colorado Springs fire is 25 percent contained, and Peter Madoff pleaded guilty to crimes that allowed his brother Bernie to run his ponzi scheme, reports CNBC's Brian Shactman. The Weather Channel's Chris Warren also reports on historic heat across the United States.

  • Peter Madoff Appears in Court     Friday, 29 Jun 2012 | 1:11 PM ET

    CNBC's Mary Thompson reports the latest details on the arrest and guilty plea from Peter Madoff, the brother of Ponzi schemer, Bernie Madoff.

  • Peter Madoff Pleads Guilty!     Friday, 29 Jun 2012 | 12:36 PM ET

    CNBC's Mary Thompson reports the latest details on the Madoff Ponzi scheme.

  • Peter Madoff Expected to Plead Guilty     Friday, 29 Jun 2012 | 10:16 AM ET

    Peter Madoff, the younger brother of Ponzi schemer Bernie Madoff, is expected to plead guilty later today to securities fraud for his role in the Madoff Ponzi scheme, reports CNBC's Mary Thompson.

Related Links

About Scam of the Century: Bernie Madoff & The $50 Billion Heist

  • Inside what some are calling "The Ultimate Ponzi Scheme"

Contact Scam of the Century: Bernie Madoff & The $50 Billion Heist

  • Show Times

    Check the U.S. schedule for upcoming show times.

 

  • Co-anchor of CNBC's "Squawk on the Street," David Faber also is a co-producer of CNBC's original documentaries.

  • Mary Thompson is a general assignment reporter, covering a range of stories from the 2008 financial crisis to Hurricane Katrina.

  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • CNBC's senior correspondent and lead investigative reporter, Scott Cohn also appears on "NBC Nightly News with Brian Williams," the "Today" and on MSNBC.

American Greed

  • "$UDDEN DEATH"/ "HIP HOP HUSTLE" - NCAA basketball coaches are among the victims who get financially slam dunked in a $39 million scam out of Houston. And a wannabe rap star claims he's working with a famous Hollywood star to collect money to produce a movie about his 'gangsta' life. But there is no movie only hip-hop star livin'.

  • With investigators eager to confirm that Joel Salinas is running a $39 million investment fraud, he runs out of options and sets off on a final escape.

  • The $1.5 million raised to produce a movie was a scam. Instead Eric Jagclicic spent investor money on fancy cars, exotic pets, and more.

Most Popular Video

Wednesday, 23 Apr 2014 | 12:32 AM ET

Eddie Tam, CIO at Central Asset Investments, says China will see a slowdown for a long time as a trade-off for avoiding a hard landing in its economy.

Tuesday, 22 Apr 2014 | 10:48 PM ET

Todd Elmer, Currency Strategist at Citi, discusses whether the currency's sharp drop following weaker-than-expected quarterly inflation data was justified.

Tuesday, 22 Apr 2014 | 10:30 PM ET

Adaire Fox-Martin, COO, Asia Pacific Japan at SAP, elaborates on the firm's "stunning results" in Southeast Asia, India and the sector of cloud computing in the first-quarter.