Series

Madoff: The Monster of Wall Street

2023 · 2023

Four episodes on the largest Ponzi scheme in history, and more usefully on the decade of people who spotted it and were ignored. Watch how the smoothness of the returns was itself the tell.

• Fraud and forensics
• Investing
• Risk

1 idea from this series

• LessonFraud and forensics

  Returns too smooth to be real are themselves the evidence

  A track record with no bad months is a question, not a credential.

  Due diligence on any manager, strategy or product that reports steady positive returns.