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INSIDE WHAT SOME ARE CALLING "THE ULTIMATE PONZI SCHEME"…CNBC’S "SCAM OF THE CENTURY? BERNIE MADOFF & THE $50 BILLION HEIST" PREMIERES THURSDAY, DECEMBER 18, 2008

INSIDE WHAT SOME ARE CALLING "THE ULTIMATE PONZI SCHEME"…CNBC’S "SCAM OF THE CENTURY? BERNIE MADOFF & THE $50 BILLION HEIST" PREMIERES THURSDAY, DECEMBER 18, 2008

ENGLEWOOD CLIFFS, N.J., December 16, 2008 - 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" - ravaging a wide range of victims including charities and bold-faced names, leaving some with nothing.

CNBC's original one-hour special, "Scam of the Century? Bernie Madoff & the $50 Billion Heist," premiering Thursday, December 18th at 10PM ET/PT and 1AM ET/PT., delves into the mind of Bernie Madoff, and explores how the alleged scheme worked, who was defrauded and how authorities believe he got away with it for so long.

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

As the far-reaching tentacles of this devastating scandal unwind, CNBC First in Business Worldwide, offers the latest information on the case plus a look into what the future holds for many of the victims.

For more information, please log onto cnbc.com.




About CNBC:
CNBC is the recognized world leader in business news, providing real-time financial market coverage and business information to more than 340 million homes worldwide, including more than 95 million households in the United States and Canada. The network's Business Day programming (weekdays from 5:00 a.m.-7:00 p.m. ET) is produced at CNBC's headquarters in Englewood Cliffs, N.J., and also includes reports from CNBC news bureaus worldwide. Additionally, CNBC viewers can manage their individual investment portfolios and gain additional in-depth information from on-air reports by accessing http://www.cnbc.com.

Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://nbcumv.com/cnbc/.