PBS Frontline Documentary About Madoff

Posted on May 16, 2009 by Susan Mangiero

 

If you haven't watched the 55 minute PBS Frontline documentary about the Madoff fraud (originally aired on May 12, 2009), click here. As I watched the video, I kept asking myself. How could this happen? Why were so many individuals willing to trust without verification? Hopefully (as they become available) court case transcripts will shed some light on the due diligence role of intermediaries. If financial market participants can learn lessons to better mitigate risks, we'll have at least one silver lining from this massive debacle.

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