In the 1960s, Bernard Madoff tapped money from businessmen at exclusive country clubs with a guarantee of steady returns on their investments. He then set his sights on Europe and Latin America, brokering deals with powerful hedge fund managers and channeling millions into his investment firm. Although suspicions arose that Madoff was running a con game, he remained untouched until December 11, 2008—when he admitted it was all “one big lie.” This episode of Frontline unravels the story behind the world’s first truly global Ponzi scheme—a deception that lasted longer, reached wider, and cut deeper than any other business scandal in history. Distributed by PBS Distribution. (60 minutes)
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