All language subtitles for The.Wizard.of.Lies.2017.1080p.BluRay.YIFY

My name is Diana Henriques.

As an investigative reporter
for the New York Times,

I had been covering the
Bernie Madofl' scandal

fmm the day it began.

After months of requests
and correspondence,

I was finally able to sit down
and interview Bernie Madoff

on August 24th, 2010.

Until today,

his only visitor,
apart from lawyers,

has been his wife.

He has not answered any independent
questions about his crime,

except when standing in a
courtroom responding to a judge.

On those occasions,

he seemed stiff,
almost rehearsed.

But in our conversation,

he seemed relaxed,
unfailingly candid,

earnest, and trustworthy.

That is his talent
and his curse.

That is what enabled him

to pull off the biggest
Ponzi scheme on record.

$65 billion.

Bernard L. Madoffl

Inmate number 61727054.

In overseas trading today,

the Nikkei was down over 8%, with
Australia's benchmark not far behind.

The crisis shows
no sign of ending

as Dow Futures are down
this morning on Wall Street

and Main Street continues to
find itself in the crosshairs

of the largest meltdown...
- Shit.

...since the Great Depression.

Investors and banks are
holding onto their cash

until more certainty can be
flushed into financial markets.

Let's g0 now to Bob Summers

with a story on yet another city going
under from the mortgage crisis.

I'm in Fresno, California,
where if you look around...

Just let me lead it off.

It's completely fucking crazy.

We can't back down
on this one, Andy.

We're not gonna back down.
We're gonna hold firm.

What, no good
mornings, no hellos?

Dad?

What's going on?

You're giving out
$175 mil in bonuses?

- I am.
- In December?

We've had a very strong year.

The yeafs not over. We don't
know where we're gonna land.

lwanna reward people.

I want them to feel good about
the work they've done here.

There's a reason that the
bonuses go out in February,

especially in this climate.

You're not hearing me.

It's important that people can
take care of their families.

lsn't it better to play it safe?

Hang on to any
windfall jusi in case?

I'm paying out the bonuses now.

But that's crazy. It
doesn't make any sense.

- Peter.
- Bemie, come on.

This isn't a fucking debate.

L'm paying out the bonuses now.
I'm taking care of everybody.

Dad, are you all right?

What's going on with you?

I'm okay.

Okay, you're sure?

Bernie, just tell them.

ANDREW; Tell us what?

What is it, Dad?
What's going on?

What is it, Dad?

I have to talk to you.

You can. You know you can.

I know.

Fucking fishbowl here.

Fucking fishbowl.

Huh?

Everybody can see
everything in here.

How come we never
got fucking blinds?

- Hello?
- Hello, Ruth.

- Hi.
- The boys and I are heading home.

Why?

Ihave to talk to you all.

Oh. Okay.

- Yeah, we'll be home soon.
- All right.

ls it your health?

No.

Let's go in the
study downstairs.

There's no way to... to sayit.

None of it is real.

It's all one big fucking lie.

- What is?
- The advisory.

It's a fraud.

There are no investments.

What are you talking about? Of
course there are investments.

I made them up.

They're on every statement.

- I made them up.
- l've seen the trades.

They're fake.

It's all fake.

Basically, just a
big Ponzi scheme.

What's a Ponzi scheme?

I took money from some people

and I gave it to
others and I never...

There's nothing left.

There's supposed
to be $50 billion.

There's absoluiely nothing.
It's all gone.

I spoke to Peter. I told him I'm
gonna turn myself in next week.

How could you do this?

- I just couldn't stop...
- Bullshit.

It got bigger and bigger
and itjust wouldn't stop.

Bullshit.

- I didn't mean for it to get like this.
- N0, no, no.

You can't do this. I'm your son.

Dad. Dad, how could you do this?

I'm gonna set you guys up.

Yeah. It's all gonna be okay.

There's still a few
hundred million left.

I'm gonna... I'm gonna make sure
that you guys are all taken care of,

the rest of the family,
some loyal employees.

It's all gonna be good.
ljust need a week.

Set us up with what?

With stolen money?

He's a criminal.

He's gonna spend
his life in jail.

- Dad, how could you do this?
- You're not my father.

I explained to them that
it wasn't malicious.

That when I started this
problem, or this crime,

that it was something that I thought I
would be able to work my way out of.

But that became impossible.

The harder I tried, the deeper
I dug myself into a hole.

But it comes down to one thing.

I refused to accept the fact,

could not accept the fact' that
for once in my life I had failed.

I couldn't... I couldn't
admit that failure.

And what was that failure?

Shortly thereafter, I...

I think I went back to the office.
Uh...

Andy was there. I saw Andy.

Did you two speak?

He did mention that...

That he, uh...

He and Mark were
consulting with a lawyer.

Well, as it turned out, he
went to see Martin London,

much-honored lawyer, retired.

- He's Mark's father-in-Iaw.
- Yes.

He'd invested a substantial
amount of money with you, right?

Well, more than some,
less than others.

Jesus fucking Christ.

$50 million?

$50 billion, with a "B."

Jesus fucking Christ.

All right, l'm in Hartford.
I'll be there at 3:00 p.m.

You have to understand, the
money management business

was operating from
a small offlce.

- Yeah, the office is on a separate floor.
- The 17th floor.

-It's always seemed successful.
- A ton of clients, I think.

- Hedge funds.
- He'd even turn people away sometimes.

But all the trades...

Yeah, the trades go through
European counterparties.

That's why he has
the London offlce.

And then upstairs, on the
19th floor, is market-making.

- Which is where we work.
- These are not my immediate concerns.

But if he plans
to spend the week

distributing his
ill-gotten gains

amongst his relatives,
employees, his friends,

then this is not over.

This is a crime in progress.

So what are you saying?
We have to turn him in'?

You don't turn him in,
you're an accomplice.

Yeah?

Okay, it's all fine.

Yep.

Who is it?

The FBI is here.

I know why you're here.

Well' we're here to find out if
there's an innocent explanation.

There is no innocent
explanation.

Is there someplace we
can talk privately?

In there.

He said he'd been operating a
Ponzi scheme since the 1970s.

He was so matter-of-fact
about it.

He wasn't nervous,
he wasn't afraid.

He was just very casual.

Well, sir, he claims
to have acted alone.

YES, sir.

I'll bring him in.

Hi, it's Ruth. Are
the boys there?

They're not there.

He won't be coming in today.

Sir, you're gonna have to remove your belt,
your shoelaces, your tie and any jewelry.

- This?
- Yep.

Credit card, cash, anything
in your pockets, sir.

Turn around, please' sir.

Hands behind your back.

Palms together.

Put that stuff away.

And call Ike Sorkin.

What happened on the night
of December 9, 2008?

My brother told me

that his, uh, investment advisory
business was a Ponzi scheme.

And what was your reaction
to hearing that Mr. Madoff

was operating a Ponzi scheme?

Well, I was in total shock.

In your first interview
with the government,

you stated that you
idolized your brother.

- Is that correct?
- Yes, and that's correct.

Why did you idolize
your brother?

Well, because he was brilliant.

Everywhere you g0, people
talked about Bernie.

He was a true pioneer.

Everyone in the industry,

including the highest-ranking
ofiicials at the SEC,

believed that my brother was

one of the most honorable and, uh,
and successful traders of our time.

Uh, nobody believed
that more than I did.

Uh, I revered him.

I trusted him implicitly.

Sorkin. - lke, it's Bernie.

Uh, I'm down at FBI headquarters,
handcuffed to a wall.

Bernie, don't say another woml.

We arrested him this morning.

Was he okay?

I pui the cuffs on him myself.

He went quietly, as
though he expected us.

To be honest,

he looked relieved.

You did the right thing, son.

Turn 1o the right.

Yeah, the FBI just processed him

and they transferred him
over to Pearl Street.

Yeah, we're heading
in right now.

So you were making money
off of the trades.

There were no trades.

- What do you mean there were no trades?
- I made them up.

- Weren't there statements?
- Every month. They were fake.

Purchase dates, they were fake.
Shares, they were fake.

Options, they were fake.
Returns, they were fake.

So when was the last
trade you executed?

Fifteen years ago.

Who else knew?

I acted alone.

When did he tell you he
started this Ponzi scheme?

He didn't.

INVESTIGATORI And the entire time
he was running it, you had no idea?

No, ldidn't.

And whai was your
role at the firm?

I ran the firm's NASDAQ
desk in the late '90s,

added the rest of the
market-making desk in 2001,

and, uh, moved to the proprietary
trading desk in 2003...

You're not answering
my question.

What exactly is your
role at the firm?

I'm only in the office
a few days a week.

I've been building a separate
business called Madoff Energy...

Sir, what is your
exact title at BLM?

Director of Proprietary Trading

and Co-director of Trading.

And where did the money for
these loans come from?

The loans that allowed you
to buy your loft in Soho,

your house in Greenwich,
your house in Nantucket.

I assume from the money he
made through investments.

On the private advisory side?

Yes.

-LNVESTIGATORI On the 17th floor'?
- Yes.

And you never asked what
went on on the 17th floor?

Of course I did.

You did?

Yes.

- But...
- But what'?

He would always say,

"You run your business and
I'll run my business."

And you never thought to

follow up on those questions?

- You don't understand...
- You're right, I don't.

I don't understand

how you could work in the
same office as your father

for 20 years and
suspect noihing.

Nothing?

Who are some of your
father's clients?

I'm not privy to all of them,

but, uh, Jeffry Picower
was a big one.

Fred Wilpon and Saul
Katz of the Mets.

HSBC, Royal Bank of Scotland,

some family friends, Marty.

But he wouldn't talk about
who or what he did for them.

Our money was with him as well.

So you were never
suspicious of your father?

Never?

Do you not understand
who he was?

I think we're all beginning to understand
exacfly who your father is, Mr. Madoff.

He wasn't just my father.

You know, he was
fucking idolized.

We're talking about a man who created
the modern market as we know it.

He created NASDAQ.

He's Chairman of NASDAQ.

He's Chairman of the National
Securities Clearing Corporation,

Chairman of the International
Securities Clearing Corporation,

Chairman of the National
Association of Securities Dealers,

which was FINRA before
FINRA fucking existed.

Chairman of the SIA
Trading Committee...

- Okay, we understand your point, sir...
- No, I don't think you do.

Chairman of the National
Business Conduct Committee.

Sir, we understand.

Member of the SIA Federal
Regulation Committee.

- Sir, that's enough.
- Chairman of the NASD

Small Order Execution Committee.

I mean, you're asking
me how I didn't know.

Well, I'm asking you.

You're the FBI, you're the SEC.

You investigated him
before, so I'm asking you!

How the fuck did you not knovfl

Sir, we are not the focus here.
You are.

You're saying that you never
stepped foot on the 17th floor?

No.

And why not?

What happened on the morning
of December 11 th, 2008?

Uh, I was in my office and,
uh, Igot a telephone call.

Who was on the phone?

It was, uh, Bernie Madoffl

What did Bernie
Madoff say to you?

Yeah?

"Frank, my brother
is in the office..."

- What?
-"...with the FBI."

What the fuck?

How old were you when you first
started working for Bernie Madoff?

I was 19 years old.

In what capacity
had you known him?

0h, well, he was my boss.

What type of work had you
done for him over the years?

Uh, really' anything
he asked me to.

Everything from, you
know, running errands

to, uh, running his investment
advisory department.

Did you know why the FBI was
at Peter MadofFs office?

Yes, Idid.

And what did that mean to you?

Uh, it meant that I
was going to jail.

Why did you think you
were going to jail?

Because I was well aware of
the nature of the operation.

And what was the nature
of the operation?

It was a fraud,

simply put.

I always though! that Bemie would
be able to make it good, you know?

He had money here, he had money
there, he moved stufi' around.

There was always a
lot of moving parts.

Maybe I was lying to myselt

I don't know, but I...
I thought he...

I thought he could cover it.

What the hell is this?

Bernie's been arrested
for securities fraud.

The SEC's getting a court order to
seize control and shut us down.

Without an investigation? What
could they possibly know?

Whatever Bernie told them.

Sir, who was that gentleman?

He's... Uh, he works here.

Where?

Uh, on the 17th floor.

There's a 17th floor'?

Annette, Bernie's been
arrested for securities fraud.

The SEC and the FBI are
upstairs right now.

What?

The hell does that mean?

We need your keycard, ma'am.

Come on, come on, come on. Please,
please, God. Come on, come on.

Open it.

FBI! Everyone stop
what you're doing!

FBI! I said stop what
you're doing right now.

Move away from the computer!

Sir, FBI. Do not
touch that computer.

I said, move away
from the computer!

Hey, Dan, walk this group out.

The advisory was a completely
separate business,

a completely separate entity.

Never the two should meet,
ever, and they didn '1.

And I made it that way
on purpose, obviously.

What about your brother?

- Peter's in trouble.
- Yes.

Because he trusted you.

- He did what you told him to.
- Yes, he did.

And you told him to do
things that exposed him

to this criminal liability
he's facing right now.

How did you justify
that, Bernie?

How did you sleep with that?

I guess the way I could sleep with it is
that I knew that Peter didn't know anything,

even though I had him do things

which he didn't realize could've
implicated him in this...

ln1his...

crime.

Bernie was always
needling people.

He would find your weak spot
and he would poke at it.

I mean, that was Bernie and
he could be a real bastard.

But not like ihis.

I mean, not stealing
people's money.

I mean, at first, I
started thinking,

"My God, you know, did one of the
grandchildren get kidnapped?

"Was the $10 million
ransom money?"

What $10 million?

The $10 million
that Ruth came in

and withdrew from
her Cohmad account

and transferred into
her Wachovia account.

I mean, I... What do I know'?

I mean, l'm always watching
crime stories, you knovfl

I fall asleep every
night to SVU.

And you're saying
on December 10th,

Ruth Madoff withdrew $10 million
from her Cohmad account

and transferred it to
a personal amount?

Yes, but that is not unusual.

I mean, think of it like having an ATM
in your, you know, your living room.

Except, you know, when things
are going on, you wonder.

Mommy's here!

Don't forget your ball.

We're gonna go to
Connecticut for a few days.

You know it might snow'?

No mention of his arrest yet.

-lt's my mom.
- Don't answer.

You know what Flumenbaum said.

No contact. Don't
screw around, Mark.

- Hi, Mom.
- Hi, Mark.

Honey, I'm, um, with your father

and in order to
release him on bond,

they need four signatures.

It's a $10 million bond.

- What?
- Ugh.

lknow. Can you believe?

- Anyway, can you get down here?
- I'll text you the address.

Mom,

do you understand
what he's done?

No, honey, Mark, I know you're
angry, but he's your father.

I'm not doing it.
End of discussion.

Mark.

l'll try Andy.

What do you mean by
misunderstanding?

We couldn't get
your sons to sign.

They wouldn't sign?

l'm sorry, Mr. Madoff.

The boys wouldn'i sign the bond?

I'm very sorry, sir.

Who... Did you talk
to them or did...

No. Your wife was on the
phone with each of them.

Their mother did and they didn't...
They wouldn't...

Um...

Well, there's no money
involved in it.

So did they understand that?

Yes.

Hmm. I don't know.

Marc, it's Daniel Horwitz.

We couldn't get the
four signatures,

but I can gei you Ruth
and, um, Peter MadofPs.

Okay, hold on.

Will you submit to, um, home detention with
electronic monitoring and surveillance?

Homes in Manhattan, Montauk, and
Palm Beach will be pledged,

and yours and Ruth's passports
will be surrendered.

- Are those terms okay with you?
- Um...

Yeah.

He says yes. Great.

Um, The Journal just went
online with the story.

We have 20 minutes before the
press descends on this place.

Let's do this.

Mr. Madoff.

It's very strange and troubling
news out of Wall Street tonight.

Former NASDAQ Stock Exchange
Chairman Bernard Madoff

out on $10 million bond.

This man with a
stellar reputation

seems to have taken a whole lot of
very smart people to the cleaners.

The man they trusted the
most with their money,

a NASDAQ Chairman 18 years ago,

is now confessing lo authorities he
cheated them of billions of dollars.

And there's a bunch of
big-time investors wondering

how a guy named Madoff
made off with their money.

What's gonna happen, Bernie?

- I don't know.
- Are you gonna go to jail?

Probably.

For how long?

- I don't know' Ruth.
- For a long time or a little?

I don't know.

- What?
- I don't know.

Are they gonna take
the apartment away?

- I don't know.
- What about the houses?

What about the boys
and the grandkids?

- Ruth. Ruth' enough.
- Look, ljust wanna know if...

I'm sorry ifl have
questions, Bernie.

I'm sorry if I'm a
little scared, okay?

It's just you always
keep me in the dark.

I keep you in the
dark to protect you.

Yeah, well, it doesn't
feel that way anymore.

I just wanna know
whafs going on.

Please, Bernie, don't keep
me in the dark anymore.

Just tell me.

Tell me.

Tell you what, Ruth?

Just tell me, I don't know...

What you did.

Imet Ruth when she was 13.
Iwas 16.

A friend was having a
party in his basement.

Something had happened
to the jukebox.

It got knocked around
when he was moving it,

so the only song it'd play
was Sh-Boom over and over.

She was this tiny, little blonde

with enormous blue eyes.

Just gorgeous.

Very funny, too.

You remember that
aciress Goldie Hawn?

- ldo, very well.
- Yeah, that was Ruth.

She'd wake up every morning
without a care in the world.

Very lively' very bubbly.

Popular, too.

Were you popular?

0h, yeah. I mean, I was a
lifeguard at the time.

Bestjob I ever had.

I mean, whyjust be some
regular schnook on the beach

when you can be in a guard tower,
everyone looking up at you?

- And you get paid.
- Did Ruth ever get jealous?

For the rest of the summer,

she laid out right next to
the guard tower every day.

Sometimes I'd whistle down at her and
she'd look up and call me a dog.

But I liked having her there.
It felt good.

I mean, we've basically been together
every day since the night we met.

It's our 51st
anniversary coming up.

Mmm. How do you think you were
able to keep it all separate?

For 16 years, I kept this secret
from my wife, my brother,

my sons.

How I was able to do that and
maintain any degree of sanity,

well, it's, uh...

That worries me when
I think about it.

- Those are fresh?
- Yes, sir.

They are really fresh?

- Fresh this morning.
- Not freshly frozen'?

- No, sir. Fresh' fresh.
- Okay.

Check all the plates.

Make sure that none of
them are dirly, please.

I don't want anybody coming here
and eating on a dirty plate.

They pick up a napkin,

you pick up a napkin and then you
have dirt under there like this.

This one. See? Dirty plate.

Make sure 1hey're all clean.

What was your job title

at Bernard L. Madoff
Investment Securities?

Chief Compliance Officer.

I never had any financial
interest in the firm.

Uh, Bernie made it clear that, uh,
there was no prospect for partnership.

Eleanor.

So who's the more handsome
brother, him or me?

All right, we've all heard
this one, Casanova. Come on.

In my opinion?

Be honest.

- Peter“s way more attractive.
- Oh.

So you've got a thing for barrel-chested
bald men with big stomachs?

Screw you!

In fact, Bernie,

when I first met Peter,
I said to myself,

"My God, this man looksjust
like Lee Majors."

- Handsome.
- Thank you, Eleanor.

Yeah, that was 25 years ago.

Back then, even you were
afiracflve, Eleanor.

Stuff it, Bernie.

You know you got a thing for me.
Do noi lie.

You're right, I do. Come here.

You know I love you.

I gotta make the rounds.

Peter, do not let him
get to you, that one.

I'm used to it, believe me.

The fuck you looking at?

Annette, you have a fucking heart attack,
I'm not giving you mouth-to-mouth.

Just so we're clear.

Behind you is not
the place to be.

Your accounts at
Madofi Securities

had a total of
approximately $50 million.

- Is that correct?
- Yeah, that's correct.

Did it strike you as absurd

that someone with just a
high school education

should have that kind of money?

No! lwas very, very lucky.

Kind of like winning
the lottery?

Kind of like winning
the lottery.

Did it occur to you

because you had this great account
and it was worth so much,

there must be something
fraudulent there?

No. I never thought of
the word "fraudulent."

In my experience, and I mean this, there's
only four different types of pussy.

Okay? I'm dead serious.

You got your... Let me show you.
I just saw one.

All right, right there.
See there?

That's your Honda Civic pussy.

Gets you where you wanna go.
No shame in this pussy at all.

Reliable. You jusi, you know,

you're not gonna be proud to be seen
riding around town in it, am I right?

- Nothing against her.
- What's going on?

It's ihe world acoording
to Frankie over here.

Right there. You see that there?

That's your Buick Regal pussy.

Okay? A step up from the Honda.

Uh, generally, they're
cleaner, okay?

Roomier, you fit more
passengers in there.

I guess there's pros and
cons to that in a pussy.

You know, lovely pussy.

Nobody's gonna mistake it fora
Benz, though, am I right?

Am I right, Robert?

Okay, thank you. God bless you.

Ijust want you to know,
despite everything you see,

Andrew is not from money.

- Oh. No, no.
- He's not from money.

I'm not... I'm not...

I know you might think he's
a rich guy, but he's not.

We're from nothing.
My father was broke.

We're not rich people.
We're humble people.

- Okay.
- You understand?

Yes.

- Come here.
- Oh.

I'm gonna have to
get out the hose

and spray him.

Next up, my personal favorite.
I just saw one.

There. Now, don't
make it obvious.

Right there. That is your
Linooln Continental pussy.

Beautiful. Just...
It's just right.

You know what I mean? Like
Goldilocks, just right.

It's not too fancy,
it's not too plain.

It just... lfsjust comfortable.
Itjust fits.

No, no, ifs like an
old pair of slippers

except instead of your foot,
you put your cock in it.

Am I wrong?

You have a daughter, right?

Yeah, Sophie. She's wonderful.

I... I can't wait for
you to meet her.

And who's the father again?

Um... Uh, John, my
ex-partner at Urban Angler.

And you two never married?

Um, no. No.

If I had had a baby
out of wedlock,

my father would have taken
me out back and shot me.

I'm not kidding, he
would've shot me.

No, no, stay with me and hold
all questions till the end.

- Okay.
- Right there, you see that? Ugh.

There it... Read it and weep.
It's your Mercedes-Benz pussy.

Right? Look at it. I
mean, ifs beautiful.

It's just a feat of
vaginal engineering.

No, it handles just great.

It's sleek, it's tight, it looks
good, it feels good, it smells good.

Bui a lot of upkeep. Yeah?

Payments are murder and you gotta
wax it, you gotta polish it,

you gotta talk to it,
you gotta listen to it.

And, most importantly, you
gotta remain ever-vigilant

that nobody fucking
jacks it, right?

You don't have to worry about that 'cause
you'll never get near anything like that.

So don't worry about it.

ls it fair to say that as a result
of all of lhese lies' you got rich?

Well, I didn't get
paid per lie, ma'am.

As a product of the fraud
that was Madoff Securities,

you got rich' correct?

Yeah, that's correct, yeah.

You built, as you described,

a lavish home in Bridgewater,
New Jersey, correct?

- Well, define "lavish."
- Sure.

- Uh, how many bedrooms did it have?
- Five.

- How many bathrooms?
- Seven.

- How many acres?
- Seven.

- Did it have a swimming pool?
- Yes, it did.

- Did it have a tennis court?
- It did not.

- Did it have a pond?
- Yes, it did.

So would you consider

seven acres, seven bathrooms,
five bedrooms, a swimming pool,

a pond, a lavish home?

l guess l might.

Whoo!

Come here.

Hey, by the way, you know,

Stephanie and I went last weekend
to see that house in Nantucket.

- You know...
- You should try the lobster.

- Oh, no, no, it's okay.
- Trust me on the lobster.

Try the lobster. Hey.

Dad, you know I got...

- Can you get my son a lobster, please?
- I got a weak siomach.

Would you get him a lobster?
Just...

Would you like me to
get you the lobster?

What are you asking him for'?
Just get him a lobster.

- He'll thank us both later, okay?
Seriously...

So, what's the price
tag on this house?

Uh, they got it at,
like' six and a half,

- but we'll talk them down.
- Thafs what they're asking for?

Yeah.

I mean, it's, like, special.
It's, like...

It's got a pool' looks
out over the ocean.

- It's unbelievable.
- Uh-huh.

But I figure we can
get them down a bit.

Now, wait. That's the way
you bring the lobster?

Apologies, sir.

Why don't you bring it back,
take off the claws, open it up.

I mean, I pay enough for this whole thing.
Don't you guys know how to serve a lobster?

- Apologies. I'll be right back.
- Okay, just bring it back properly.

I mean, what is this?

You wanna come see it with me?

- We could go down next week and...
l'll go see it.

- We can work on the price, too.
- Yeah.

- Six and a half, maybe we can start at five.
- That would be nice.

We could probably take
a boat from Montauk.

- We can go out of the harbor...
- Good idea.

Okay, thanks.

So, don't eat that, eat this.
Don't eat...

I don't like lobster, Dad.

I don't even know why we had that.
I guess your mother...

'Cause it's not
good on my stomach.

Hey, uh...

Take this away,
will you, please?

Yes' sir.

- There you go.
- Apologies, sir.

Okay.

One thing he's good
at is apologizing.

I guess l'm just wondering, what
if something happens to you?

We don't know the first
thing about the advisory.

- Frank will handle it.
- Come on, Dad.

With all due respect,
Frank's, uh...

Frank's what?

Frank's an idiot.

You know, Frank never
went to college.

I heard Frank comparing women's
vaginas to automobiles

earlier today.

Whether Frank is refined enough
for your taste is irrelevant.

He's good at his job.

If something were
to happen to me,

he'd fill you guys in on all
the details you need to know.

And what if Frank
decides to screw you?

I mean, I don't even know
how much you're worth.

Is it a billion?

$2 billion? Three?

What if there's three
and he says there's two

and takes a billion and
rides off into the sunset?

Calm down, calm down.

Every1hing is written down
in a safe deposit box.

If something were
to happen to me,

you consult with our lawyers,
and they'll handle it.

They'll fill you
in on everything.

Everything, huh?

- That's right, everything.
Everything?

You know, good luck. This conversation
is impossible. Impossible!

I don't understand why you can't
understand what ljust said to you.

You know, why is it that whenever
this conversation oomes up,

you find a way to wriggle
out of giving me an answer?

It comes up because
you bring it up.

No, because we're
trying to plan.

Well, if you don't bring
it up, it won't oome up.

You know, l'm just trying
to get a basic sense...

You don't have to get a
sense of anything, Mark.

- You don't have to get a sense of anything.
- Why is that too much to ask?

- I've told you.
- Dad.

- This is something I don't talk about.
- Dad!

- Listen to me. I don't understand!
- Are you...

Listen, what is wrong?
Are you a fucking idiot?

Are you a fucking idiot?
I mean, answer me!

- I don't understand!
- No, you don't understand!

You don't have to
fucking understand!

You're asking me about
taking over the advisory

and yet you can't even follow
a simple fucking instruction

to shut the fuck up!

You don't understand.

Leave it alone.

I'm sorry.

- Good night.
- I love you, Dad.

Love you. Good night.

People here always ask
me how come I never ran.

But the truth is it
didn't even occur to me.

I guess it's because I never thought
of what I was doing was stealing.

Well, it was a $65
billion Ponzi scheme.

People lost their life savings,
they lost their homes.

Their lives were destroyed.

You didn't think of
that as stealing?

People felt safe with you.

- Yeah, but these were...
- And yet,

you were betraying them all.

Well, but these people, you know,
they had a little greed in them, too.

There was a little
bit of, you know...

Look, you know, and they
didn't wanna look too hard.

They looked just far enough.

- So they're accomplices in some way, too.
- Bernie...

Accomplices because
they trusted you?

Accomplices because you
were so trustworthy,

you seemed so trustworthy.

Yeah, but there's a lack of
honesty on their behalf,

an unwillingness to take
responsibility for their behavior.

- Your investors?
- Yes.

It takes a lot of chutzpah for
you, of all people, to say that.

You know...

Nowthat I think of it...

My greatest failure, or maybe
it's my greatest weakness,

is I've always wanted
to please people.

And thafs...

That's one that can
get you into trouble.

I've been here all fucking morning!
I wanna go upstairs.

Sir, nobody's going
upstairs right now.

I wanna see somebody in charge.

- Right now, I'm in charge.
- Who are you protecting?

And you need to
back up right now.

We're talking about my
fucking life savings!

I told you right now!

- Do you understand? Do you understand?
- You need to back up right now, sir.

ELEANORI Hello, Madoff.

I'm in the fucking lobby.
I wanna come up.

Sir, lam not able to give you
permission to oome up here right now.

Where is my fucking money?

You have to call the advisory arm.
I can give you their number.

Fuck you, you fucking thief!

0h, my God.

Unusual circumstances did
not exist for Bernie.

Take 9/11.

When those towers got hit,

everybody in the
whole entire office

was gathered around the TV.

Who was crying? Who
was hysterical?

Not Bernie.

He kept his head down and
he continued to work.

And it is not like he did not
know anybody in those buildings.

As with every event of
personal devastation,

they remember exactly where they
were and what they were doing

when they learned
they were ruined.

The grayish-white paper rolled out
of Mary Thomajanis fax machine.

The fax was from the small feeder
fund she had trusted for 18 years,

telling her that all her money
had been invested with Madoff,

who had been arrested.

She later recalled,

"In the 50 seconds it
took to read that fax,

"l went fmm being a
multimillionaire

“to having my life
savings wiped out

“and life as I knew
it altered forever."

Robert Halio's son called
him at his retirement home

- in Boca Raton with the news.

It's all gone, Dad.

I don't... I don't
know what to do.

95% of his wealth had
been entrusted to Madoff

and was now gone.

Mr. de Ia Villehuchet had written
his brother a letter that said,

"If you ruin your
friends, your clients,

"you have to face
the consequences."

He then positioned a trash
basket to protect the carpet

and slit his wrist
with a box cutter.

Tim Murray, a property manager in Minnesota,
was traveling and nearly drove off the road...

Fort Lauderdale...

- Richan1 Friedman...
- David Iselin...

Time to pay the piper, Bernie.

Presumably...

Presumably with the life
savings of another piper.

Just...

This was the worst pyramid scheme
since the actual pyramids.

Ruth loves to go to the
California Pizza Kitchen.

And they say that her favorite dish
there is the, uh, veal scal/o-Ponzll

Listen, I have something to tell
you that's really important.

I have yourmoney! I
can get it to you.

Okay, I guess you're not there.

They can see right in.

- They can see right in.
- What?

We don't have any curtains.

They can see right in.

Hold on, let me call you back.

Catherine, it's gonna be fine.

No, they're gonna be looking in with
their long lenses and we'll be trapped.

They're gonna get bored
just standing around.

I'm not the story.

We've gotta get
curtains right now.

Shit.

Hi, how are you?

I'm all right.

You?

I've been better.

L'll bet.

- Mommy, Mommy.
- What?

- Is that Ruth Madoff?
- Jessica, not another word.

It's okay.

No, none of it is.

There she is.

- Hi, Sarah.
- Oh. Hi.

Is Gisele here'? I was wondering if
she might be able to fit me in today.

I haven't had my hair colored
in God knows how long.

- Um, I think she's...
- No, don't worry. I'll find her.

Uh...

I've been coming here
for 15 years, Pierre.

I understand.

We have too many clients

who have lost their money
because of your husband.

Bui I don't trust anyone else.

I'm very sorry, but I can't
afford to risk my reputation.

What about a house call?
I can pay extra.

-L'm sorry...
- Pierre.

...but I have to ask
you to leave now.

I'm sorry, Ruth.

- Shit.
- Ruih!

- What are you doing?
- Nothing!

What are you doing?
Looking for something?

My lighter.

- Well, aren't there matches in the drawer'?
- No.

No? What do you mean? There's
always matches in the drawer.

Well, we're out.

Where'd you last see it?

Ifl knew where I last saw it, I
wouldn't be looking for it, Bernie.

I'm such an idiot.

How did I get to be this age
without doing anything on my own?

What are you talking about?

I didn't do anything, Bernie.

I never did one thing on my own.

I don't have a career, I don't have a
name, I don't have any friends of my own.

The only thing I
have are regrets.

That's all I got to
show for myself.

Regrei after regret.

Ruth, do we have to
go into this novfl

lgota lot on my mind.

I'm going away and who knows
if I'm going to come back.

Why would you say that?

I'm not saying for certain...

- No, Ike said that you'd be able to...
- Forget I mentioned it.

You can't do that.

I'm not ready. I'm not ready lo be alone.
You're all l have.

The boys don't speak to me.
No one speaks to me. I'll...

I'll go crazy, Bernie.

I'll go crazy all alone.

I'll go crazy, Bernie, lwill.

Hi. Leave a message
after the tone.

Bernie! Bernie, you there?

Bernie? Come on, pick up.

I know you're hiding that
$50 billion somewhere,

you piece-of-shit cocksucker.

I hope you enjoy getting
your ass raped evely night,

'cause you're going
away for a long time.

Hasta Ia vista, you
kike motherfucker.

What are you doing?

I can't live like this.

Slogging through, being
miserable to no good end.

What's the point?

You know, lwas thinking earlier,
this isn't even about me.

This country needs a villain,
someone to send to the gallows,

so everyone can feel okay about
living under a rigged system.

I don't give a
rat's ass, Bernie.

Well, it'll be better once l go.

What's with the jewelry?

It's the only thing the
court didn't freeze.

L'm gonna wrap il all
up, give il lo family,

and then kill myself.

Why would you kill yourself?

Because I'm tired
of being hated.

I don't even understand it.

L...

You got yourself into trouble.
You couldn't get out.

What do I have to do with it?
Why does the world hate me?

They all think I'm some
kind of a mastermind.

Take it as a compliment, Ruth.

They say all these
horrible things about me.

They say I was your bookkeeper.

- They say...
- You weren't my bookkeeper.

I did maintain the
reoords the first year.

That was in 1960. It
wasjust you and me.

I mean, but you weren't
even a real bookkeeper.

No, but l'm just saying don't make
it seem like I didn't pitch in

because I even came
back, remember?

Yeah, but then we hired
a real bookkeeper.

- And I helped with payroll.
- We hired a real bookkeeper.

Right, so why are they making it seem
like I'm involved with all this stuff?

Because they're out
for blood, honey.

That's why. Theyjust wanna...

But anybody in the know knows
you weren't the mastermind.

That's nonsense.

Well, thanks. l already wanna kill myself.
Are you trying to make me feel worse?

No,bu1l, l...

You, uh...

You'd commit suicide?

With what?

I don't know. I haven't
figured that part out yet.

Something nice. Maybe Ambien.

How much Ambien do we have?

Enough to open a
fucking pharmacy.

What about these? Klonopin?

Same thing. Just put i1 in here.

Do Have YourselfA Merry
Little Christmas.

It's a great song and you'll be
hearing Judy Garland sing it...

Can't we just have quiet?

I can't fall asleep
unless I watch something.

You just took a whole fucking
bottle of Ambien, Bernie.

Sleep's not gonna
be your problem.

My mind races.

Fine.

Our last night on Earth will
be you, me and Judy Garland.

How romaniic.

- Let's not get started, Ruth.
- Hmm.

We had a good life, didn't we?

Hmm. Yeah.

Until you ruined it.

Pop-pop!

Pop-pop!

Hello?

Pop-pop!

Hello?

Mark, Andy.

Uh...

I'm glad you came.

I have so much I wanna tell you.

So much lwanna tell you.

I never... I never wanted any...

I never wanted
either of you to...

To, you know...

I just never wanted
either of you to...

n just...

Sometimes things in life
happen that you don't even...

You know, there's a lot that I
never really wanted to tell you.

Uh...

I'm glad... I'm
glad you're here.

Good evening.

It is a day that will be in
bold print in history books.

Black Monday,
October 19th, 1987,

when the stock market
went into a free fall,

losing more in one day than it
did on Black Tuesday in 1929.

Fucking rigged.

How to fuck the little guy.

I wonder if I can count on you.

Of course.

Pop-pop!

- Can I counton you?
- Pop-pop!

We took a big hi! today.

Lost over a billion and change.

You know how with a split-strike
conversion strategy

the stock options offset losses?

It's like insurance.

A fucking meltdown like this
would have been a nioe strategy.

If only we had it in place

-before the fucking...
- No ifs.

No ifs.

And we tell no one.

We tell no one.

Pop-pop!

Basically, we're picking winners
of yesterday's horse races?

Yeah, so if anyone double-checks
our trades, we got it all there.

- All winners.
- Fine.

Make sure the books show that the
London office is clearing the trades

so no one upstairs in
market-making is involved.

Not my brother, not
the boys, no one.

Understand?

Yeah, of course,
of oourse, yeah.

No one.

ErwinS last words to me, the
last thing he said was,

"Bernie will take
care of everything."

He's gone and I don't
know what to do.

It's gonna be okay.

You can take all of
Erwin's other accounts,

his savings, life insurance, every1hing, and
you can put it all in his account here.

God bless you, Bernie.

Pop-pop!

- Pop-pop!
- Daniel!

- Pop-pop?
- Yeah?

Are you gonna die in jail?

BERNIE; Ruih. Ruth.

Ruth, I need more pills.

Ruth.

Have you no shame?

Hello?

Have you no shame?

No remorse?

Have you no conscience?

You steal from widows, you
steal from charities,

you steal from Elie Wiesel,
a Holocaust survivor.

You prey on your own people.

You steal from your own people.

Have you no shame?

- Huh?
- Well, we're still here.

Mr. Markopolos, it's all yours.

Thank you, Mr. Chairman.

My team and I tried our best
to get the SEC to investigate

and shut down the
Madoff Ponzi scheme

with repeated and credible warnings
to the SEC that started in May 2000.

- We knew then that we had provided...
- Ruth.

-...enough red flags... What?

You wanna watch this
Harry guy's testimony?

Who?

Harry... I don't know,
I can't pronounce it.

What's he testifying about?

Me.

...over a nine-year time span.

If a $50 billion Ponzi scheme doesn't
make the SEC's priority list,

then I wanna know who
sets their priorities.

What made you think that
Bernie Madoff was a fraud?

The key tip-off,

and it took me about five minutes
to figure out that he was a fraud,

I'm gonna give you a hand
signal and I'm gonna show you

what his performance
return line looked like.

It went in only one
direction, up.

It never had variation
like the market does.

Like this, bu! then I did...

- Who is this guy?
- He tried to warn the SEC about me.

- And what happened?
- They ignored his warnings.

- So what's the point?
- What do mean, whafs the point?

Well, what's the
point of all this?

Well, he's saying that basically,
he handed the SEC the evidence

and they didn't follow up on it.

Oh. So a government
agency is incompetent.

- Mmm-hmm.
- Yeah, and that's news?

No, look, I've been saying that for
years, and I have firsthand knowledge.

This fucking cocksucker walks
in and out of the building

with this jacket on.

What the fuck is wrong with him?

Bern, the guy's asking for
our DTC account number.

What are we gonna do?

I mean, all my years dealing with the
SEC, I've never seen this "enforcement."

Who the fuck does
this guy think he is?

Boss, if we don't give
the guy the number,

ifs gonna be obvious that
we're hiding something.

Yeah, but the way he just fucking
walks in here like that,

no fucking suit or nothing.

- No, I know.
- What kind of fucking arrogance?

The jackefs annoying,
but, Bern, please focus.

If we do give it to him, uh, one
call to the DTC and thafs it.

Game over.

We'rejust here for a routine exam.
We haven't done one in 10 years.

- You were just here.
- Uh, we... We weren't.

- DC Inspections was.
- Uh, we don't talk to DC.

So, uh, tell me
about this article.

Yeah, I was very
bothered by this.

I mean, why would they
make me look fat?

Excuse me?

I mean, look at my face.

Look at my cheeks. I look
like a fucking porpoise.

Well, um, yes, but I'm
referring to the allegations.

What about it? Lori Richards
has all this information.

I sent it to her in a file.
They have it.

As I told you, we're a very large
organization. We don't talk to each other.

You don't talk to DC?

N0. It's, uh...

This is the problem with the SEC.
I've been saying this for years.

I mean, you have to have
better communication.

How are you supposed to
be able to do yourjob

with a fraction of
the information?

Well, we're trying to get
all of the information.

Well, don't you think you
should start by talking to DC?

I mean, my whole office here
is wondering whafs happening.

You come in with that jacket, it
embarrasses the hell out of all of us.

And this? It's a
fucking cartoon.

It's an old article.
It's four years old.

And you're asking me questions about
an old article with a silly cartoon?

And you haven't spoken to DC.

Are we, um, are we
waiting on your lawyers?

I never have lawyers
in the office

when I'm talking to
regulators for two reasons.

One, I'm not doing
anything wrong.

Two, I know the rules better than most
because I drafted a majority of them.

And we haven't met before, but I
have very strong relationships.

And I was on the shun
list for SEC Director.

Yes, we know that.

If you need anything at
all, I'll be in my offlce.

There's no such thing
as an inconvenience.

- Thanks.
-l'm here.

Oh, um...

By the way, are these
securities with the DTC?

Of course.

We're gonna need your account number
just so we can verify the assets.

0h, Bern, you're
fucking killing me.

646.

646. Great, thank you.

Do you mind if you take thatjacket
off before you go out there?

- Oh, um...
- Just...

Sure.

One call.

All the SEC had to
do was make one ca/I

and they would've seen
that everything was fake,

that there was nothing there.

But they never called.

You just gambled that
they wouldn't call?

It was more than a gamble.
It was...

It was a leap of
faith, if you will.

You wait, knowing what they will
find if they make that call.

I can't imagine
what that was like.

It was... It was
excruciatingly difflcult.

At some point, you figured...

- I figured that they didn't do it.
- Hmm.

They just didn't
follow up on it.

If you didn't plan on killing
yourself or going into hiding,

how did you think it would end?

Well, it was almost like, uh...

It sounds horrible to say it now

but I just wanted the whole
world to come to an end.

When 9/11 happened, I thought
this was the only way out.

The world would come to an end, I'd
be dead, and everybody would be gone.

Uh, but, I mean, I could've kept it going.
I couldve covered everything.

Even after the fall of '08,

I had enough commitments of
cash that would've come in.

So I coulrfve, you know...

I just got tired.

I knew by Thanksgiving I
was gonna give it up.

I was gonna stop.

Financial turmoil in the U. S.

Wall Street in crisis mode.

Wall Street on red alert.

Bear Steams has
effectively gone under.

The largest bankruptcy in U.
S. history.

Unprecedented.

This is really shaking the
foundation of Wall Street.

A lot of money and
a lot of jobs.

Americefs economy is facing
unprecedented challenges.

All of this taking a
devastating toll on stocks.

Single biggest point drop ever.

I'm sorry to bother you.

I just got another call
you're gonna fucking love.

Yeah, go ahead.

Bank Medici's pulling
out $450 million, Bern.

Stanley Chais has been
draining us all goddamn year,

and this is on top of
Fairfield's withdrawals.

I delivered for these fucking
people for fucking decades

and now they're all running
for the fucking hills.

Bern, we can't keep getting hi!
with these redemptions.

We gotta find a way to oonsen/e.

I think we should
lower the returns.

Are you kidding? Thafll
cause a bigger panic.

They'll all pull out, the greedy fucks.
We can't do that.

Well, we gotta do something.

We're treading water like a
fucking paraplegic here.

- I wasjust saying...
- Hold on, let me get rid of this idiot.

...the joke on the street is that
Bernie's like the Jewish T-bill.

Very funny. I'm on the phone.

-L'm on the phone.
- He's that safe.

I'm on the phone.

I'll introduce you guys later.

He's gonna love you.

See if you can rattle
Fairfields cage.

In the meantime, I've
got a few ideas.

FRAN KI Fairfleld? BERNIE; Yeah.

All right.

Uh-huh. Nice, nice.
- Not in a bathing suit.

Me neither.

- Hey.
- Hey, kid.

Aren't you the one who
hustled those penny stocks

in that shitty offlce
you had downtown?

Yeah, yeah, yeah.
Yeah, that's me.

Can you believe I've known
this man for 50 years?

Carl, listen, I wanna
tell you something.

Not now.

There are some real opportunities
in the market right now

and I wanna make
you aware of them.

- Not now, Bernie.
- I know, I know.

- Not now.
- I know.

I wouldn't tell you about them

unless they were really,
really important, okay?

- I don't want you mad at me you missed out.
- All right.

- How much do you want me to put in?
-$250.

On top of the $300 million
I already have with you?

Yes.

The markei in shambles?

It's plummeting, but now is
the time to take advantage.

- I'll tell you what, l'm so exposed...
- That's exactly why I'm proposing this to you.

...l'm afraid I'll be arrested
for public indecency.

l'm not doing it with everybody.

- It's just a few people.
- All right, all right. Enough.

- Okay, and you are family.
-l'll tell you.

Listen, I'll think about it.

- 0 Kay - O Kay?

Bui don'i take too long.

In all seriousness' don't take too long.
Please don't take too long.

- Carl...
- I said it. I will think about it.

- Period.
- I love you, I respect that.

Thank you very much.

- Fucking rich people. Parasites.
- You're in a mood.

I goita take this.

Well, I just got off the phone
with that cocksucker at Kingate.

He's pulling out $260 million.

Do these fucking people not understand
how a fucking split-strike works?

- Do they not understand?
- Hold on.

I goi Fairfleld calling me back.
Hold on.

Yeah?

Hey. Uh, Rick Jarvis.

We met at the club a few
months back with Solomon.

Well, look, while l
got your allention,

I just exited this private
equity venture with a 5X return.

L'm looking to put that money to
work right away this quarter.

Well, unfortunately,
that's not possible.

I haven't told you how much.

- Well, it really doesn't matter.
- $100 million.

I'm sorry, but the fund is fully
subscribed for the quarter.

- Even in this market?
- My clients know not to worry.

I know how to avoid
the pitfalls.

Okay, I want in this
quarter, all right?

Whatever restrictions
you wanna put on it,

you know, I'll park this money
with you for a long time.

It's not about the money. It's
about pushing clients aside.

I can't do that. I have
to sacrifice someone,

a loyal client to me, in
order to accommodate you.

Unless it's really,
really worth it...

lam talking about giving
you $100 million.

That's, uh, not gonna do it.

So whafs it gonna take?

I have to do what's ethical.

- I can't let you jump the line.
-l'll go $150 ifyou let me.

- Love to help you, but I can't.
-$175.

Fully subscribed.

-$200.
- I wish I could.

I'm just thinking if I... No.

$225?

$250.

$275.

$300 million.

How far do we gotta go?
Just tell me.

If you go above four, we
might have something.

$400.

I can do that.

We got a deal.

I gotta take this phone call.

Yeah?

I don't know who the fuck
I was just talking with,

but if this guy checks out, we just
picked up a good piece of change.

Well, the shit is definitely
hitting the fucking fan.

I got Fairfield
Greenwich on the line.

- You want me to patch you in?
- Go ahead.

Hey, Bernie. We catching
you at a bad time?

You tell me. I got a back spasm
thafs fucking killing me.

- Bernie. Bernie.
- What's going on?

- Can I just get one minute'?
- Not...

- J ust one minute to introduce you.
- I can't...

- I can't talk.
- Just one minute!

- Yeah?
- Look, Bern,

you're basically the only fund
that hasn't gotten hammered.

You're the one place clients
can turn to for liquidity

without taking huge losses.

It's the winner's curse.

What... What, am I
supposed to be flattered

that you just cashed out a
billion and a half dollars?

You gotta put a stop
to these redemptions

because if you don't, just know
there's plenty of money out there

that would love to
take your place.

- Is that a threat?
- You can take it any way you like.

Look at you, all dressed
up and no place to die.

- Hello, Jeffry.
- Come on, Bernie, there's no need for stress.

I haven't made many withdrawals.

Although, that's probably
something we should discuss. Hmm?

I did wanna tell you that there
are some real opportunities

in the market right now if
you're interested, Jeffry.

What do you think?

- We should be talking...
- Mrs. Madoff!

- Mr. Picower.
- Your husband doesn't look well.

You should attend to him. Hmm?

You okay?

What's wrong with him, Picower'?
He's one strange, sicko fuck.

Oh, by the way, my sister, she's
worried about the economy

and she was thinking about investing
the rest of her savings with you.

- Would that be okay?
- Yeah, sure.

Walter, I'm not a fucking money
market fund, do you understand?

If you don't stop
these withdrawals

and replace the money before
the end of the month,

then I'm gonna cut you off!

I'm gonna close the whole
fucking Fairfield account!

Yes!

Do you hear me?

Shit. What the...

RUTH; I hated that.
MARK; You loved it.

- No, ldidn't!
- You came out of there,

-you said you loved it. Don'i lie.
- RUTHI Oh, did not!

- You're such a liar.
- You're a liar.

Sweetheart, is that a
little bit too rare?

This is good.

- Everything all right?
- Yeah.

Did you wheel your luggage
into the bedroom?

Why?

Did you wheel your luggage
into the bedroom?

Well, I certainly didn't bring
it in through the window.

But you smudged the wall by the door.
You scuffed it with your roller bag.

Well, string me up and
feed me to the dogs.

I'm sorry I scuffed
a wall, Bernie.

Emily wasjust asking
about Wall Street, Dad.

Yeah, how's Wall Street, Papa?

She's working on her MBA.

Dad, future head of
Madoff Securities.

That's right. Watch out, guys.

I asked how's Wall Street, Papa?

Wall Street is good.

Dad says things are
bad at Wall Street.

Well, Dad told you that,
but things are fine.

Why are they bad?

What did I just say?

I asked a question.
Why is it bad?

I told you they're not bad.

Why don't you just eat?

Well, if it's not bad, why
do they call it a meltdown?

- Why don't you tell me?
- How am I supposed to know?

- Do you read Barmn's? Huh'?
- That's why I'm asking you.

Do you read the Wall
Street Journal?

- Why don't you tell me?
- I just asked a question.

You are my granddaughter and
you're an eight-year-old,

and you shouldn't be asking
me questions like that.

- I don't feel like talking about Wall Street.
- Hey, Dad.

- I don't feel like talking about Wall Street.
- Dad.

-L'm here having dinner with my family.
- That's enough.

Bernie, whafs wrong with you?

- She's just curious.
- Why are you being so mean?

Because she doesn't know what
the hell she's talking about.

She's eight years old. I gotta
get grilled by this kid.

- Why are you being so mean?
- When I've got so many other

goddamn things I'm worried
about on Wall Street

and this kid's asking me
about how Wall Street is.

- Shut up and eat your food!
- Dad!

It's okay, sweetheart Bernie, stop it!
What's wrong with you?

Now you're playing the good guy.

- Honey, it's okay, it's okay.
- Taking her side.

- Now I can't eat.
- She's just curious.

- It's okay, it's okay.
- She's an eight-year-old kid.

What's the matter with you?

You'rejust too smart.

It's okay.

I wanna know why you're
acting this way.

The fucking market
is a bloodbath.

- Hey, hey, hey.
- God damn it.

Take it... Dad.

Fucking thing.

What's going on?
Are you all right?

l starled these blood
pressure pills.

Makes me dizzy.

- Maybe you should take a couple days off.
- No, I can't.

I have to be at the office
first thing in the morning.

- Founder of Home Depot.
- Reschedule.

- You know...
- This fucking thing.

If you ever trusted me to
help you with the advisory,

you know, I could handle
this kind of thing for you.

It's my business, not yours.

Well, what happens
when you're gone?

-L'm not having this discussion with you.
-lt's a legitimate question.

-L'm not having this discussion with you.
- What is it, Dad?

Tell me. What is it?

Is it that I'm not cut out?

- Are you not listening?
- Just be honest with me.

- Just tell me.
- Do you not see what I have to deal with,

the shit that I have to go
through on a daily basis?

No, that's why...
That's my point.

The fucking shit that
they put me through?

That they're trying to
fuck me all the time?

Steal from me? Do you
think you can do that?

- Do you think you can deal with that?
- Yes, I can.

I don't think you can deal with it.
Bullshit. I don't think so.

You can't stomach that stuff.
Thafs not in you.

Andy maybe, but not you.

What?

Wait, what are you saying?
Are you saying that Andy...

What are you saying? Andy's
better at his job than I am?

- Mark.
- I go to that fucking offlce every single day.

I do the same thing
that he does.

I gave you a fucking business to run.
Are you not happy with that?

- Was that not good enough for you'?
-lt is definitely good enough for me, Dad.

-L'm just trying...
- Well, then shut the fuck up

and give me a little
fucking gratitude.

Say, "l'm... Thanks,
Dad." Can't you do that?

What do you think? The whole
fucking world owes you something?

The whole fucking world
owes you nothing.

You gotta work for it, and I
always say this with your mother.

This is the problem with
having money, an education.

Nothing is earned.

You want something, you
gotta fucking work for it.

What, you don't think I have?

For you, ii was
installing sprinklers.

For me, it was digging ditches
on a construction crew.

I never would have started Home Depot
if I hadn't had that experience.

Ken, I wanna be respectful of your
time, so I'm gonna get right to it.

L'm starting a new, highly-exclusive fund.
It's gonna have just five investors.

Same split-strike conversion strategy
that's performed so consistenily.

But, frankly, this fund's gonna
have even higher returns.

The only thing is that it relies on the
market volatility that we're seeing now,

so I gotta put the money
together right away.

Your current fund's been running
for a while, hasn't it?

It has. Decades. Double-digit
returns every year.

And you're promising even better
returns for the new fund?

-It's a unique opportunity, Ken.
- Uh-huh.

So I'm asking myself
only one question.

What if I'm a longtime
client of yours,

and, uh, how would I feel getting
shafted for new customers?

There are other people that
I do other funds with,

but I don't wanna include them
in this because they're not...

- Well, wait a second.
- They're not the ones...

- Okay, just a second.
- I'm a little confused.

You got this fund,
you got that fund...

You got people who are long-term
customers and you're not gonna...

Those people are
already taken care of.

We have... We have
other funds with them.

Bernie, I don't... I don't know
what you're trying to say.

- Well...
- I'm confused.

The new fund is getting money
before the other people?

No, no. Ken, that's
not what I'm saying.

No, that's exactly
what you're saying.

No, I'm not saying that.
They are taken care of.

I have other
arrangements with them.

Something is not kosher here.

- Something.
- No, it's all kosher.

I think it's not kosher. I
think it's total bullshit.

That's what I think.

It's hitting me the wrong way.
Something is wrong here.

I think you're full of
shit, thafs what I think.

I'm getting the
hell out of here.

Is that guy in?

You're kidding me.

All right, well, uh, between Medici,
Kingate, and, uh, the fucking Spaniards,

that's minus $1.5
billion right there.

Uh, thanks to Fairfield,
we're down $980 in November

and, uh, we're looking at at least
minus $580 in December, Bern.

We write that fucking
check, it's gonna bounce.

We got $300 million left.

What do you wanna do?

Hey, Carl, this is great news.

I just want you to
know it's great news.

- All right, take care.
- Okay, of course, of course.

- Great. Okay, talk soon.
- ThatS it. All right?

- Thank you.
- Okay.

He's in for $250.

All right. That's not nothin'.

- No, but it's not enough.
- No, it's definitely not enough.

What about that schmuck
from Palm Beach?

No, no, no, itwas, like, 20
fucking questions with that guy.

He wanted to know why our
comptroller was based in Bermuda,

why our auditor was
a one-man operation

working out of a strip
mall in upstate New York.

It was a whole fucking
thing with that guy.

It's not an easy conversation.

I've already laid the
groundwork for this.

You're hardly in the
office anymore.

I think what I say is that...

Andrew, sweetheart, you don't
have to sell him on a decision

that you're making for yourself.

- This is about you.
- I know, I know.

It's just hard because I know
he's gonna be disappointed.

Well, I'm not.

Iam very proud of you.

Thanks.

Okay, I'll see you
when I get home.

I love you.

Dad?

You okay? What's wrong?

0h, fucking back spasm. It's all seized up.
This is the only position that doesn't kill.

-L'm sorry. Can I get you something?
- I already took a bunch of pills.

- What's up'?
- Uh, nothing.

- We can talk later.
- Look, what do you need?

No, forget it.

Fucking spit it out.

- Well, I wanna talk to you about a few things.
- Then spit it out. Come on.

Well... Well, look, um...

I'm thinking about taking
office space somewhere else.

You're thinking about
leaving the business?

I'm ready to strike
out on my own.

And here I was worried about
the business I handed you.

Look, I have professional
goals of my own.

And I'd like to run my
own company someday

and it's obviously not
happening here anytime soon.

You're pretty fucking
selfish, Andrew.

You got some fucking nerve.

I've worked here forever and
I'm still not a partner.

It's your name on the
door, as you love to say.

You obviously can't see how
selfish you're being right now.

Let me ask you something, do
you know what kind of offers

I've gotten 1o sell this firm?

- Do you?
- No, I don't.

The last one was from Goldman
for a billion dollars.

What? Why didn't you take it?

Because I didn't wanna take it.

I need it like I need a
fucking hole in the head.

And the main reason I didn't take it
is because of you boys, that's why.

Because one day, I want this to be
yours with your name on the door.

I mean, why else would
you think I'd do it?

You're welcome.

- You're welcome.
- Yeah, I heard you.

- Bernie, how far...
- Did your wife know?

Bernie, did yourwife knovfl

People familiar with the case tell
CBS News federal investigators

are ripping apart 20 years of
fraud inside Madoffs firm,

moving beyond Bernie, looking
at sons Andrew and Mark,

who directed trading activities,

and brother Peter, the companyS
Chief Compliance Ofiicer.

None have been charged
with any wrongdoing.

So, now as Bernie Madoff prepares
for what may be his last night

of comfort in... - Hey.

What is it?

Hmm. I don't know, maybe it's a waste of time,
but I thought that I would try to write.

Write what?

I don't know, a book.

Ah, it sounds stupid.

No, it doesn't sound stupid.

It may not be any
good, bui l, um...

This isjust the opening.

- Do you wanna hear it?
- Yeah, I'd love to hear it.

"Up until December 10th, 2008,

"l spent the entirety of my
life in awe of my father.

"L judged every accomplishment, every
failure, professionally or personally,

"against the life he lived.

"His approval meant
everything, maybe too much,

"and for as long
as I can remember,

"l worked as hard as I
could to make him proud.

"And then one day,

"l found out that my father
was not the man I thought.

"He was a criminal, a
man I didn't respect.

"And yet this man, my father,

"is the same man who taught
me right from wrong,

"taught me to be fair and decent and honest,
taught me about the importance of character,

"what it means to be a husband,

"and, most importantly,
how to be a father.

"L am the son of Bernie Madoff.

"L used to think that I
could never escape that.

"Now I'm certain I won't.

"Why is it so hard to believe

"that those closest to him
wouldn't see him as a criminal?

"Why is it so hard to believe that his son
would think his father could do no wrong?

"When I look at my
youngest son, Nick,

"l fear the day when he's old enough
to ask what his grandfather was like.

"What kind of man was he?

"Ifl tell him he was evil,

"how can I explain that I'm...

"That l..."

It's good, Mark.

It's really good.

Yeah, I... I don't know.

So, is it a plea deal?

No. He's just pleading guilty.

So, he's just gonna plead guilty
to all the charges and that's it?

MARTIN; It looks that way.

- So there will be no trial?
- No.

Have you read what
they're saying about us?

Every fucking day they're
calling for our head.

Every paper, evely biog.

How are those people gonna know we're
innocent if there's no trial? How?

- How?
- The sooner he is locked up...

- Bullshit.
- This will be over.

It's gonna fucking linger.

The questions, the suspicions, the
fucking paparazzi camped out...

- Are they not charging him with conspiracy?
- No, he won't plead guilty to conspiracy.

Mr. Madoff, are you
going to plead guilty?

Yeah, well, they should charge
him anyway and force a trial.

If they took Dad to
trial, what would happen?

Just think about it, Mark.

You're talking about
putting the richest

and most powerful people in
the world up on that stand.

You're talking about JP Morgan,

Chase, HSBC, Swiss Banks.

You're talking about the world's
financial system on trial.

Now, l'm not a conspiracy theorist, but
trust me, that will never happen. Ever.

So, no, there won't be a trial.

The public won't know the truth. And
we'll be lefl to fend for ourselves.

STEPHANIEI I don't
understand, Mark.

- Do you want a trial?
- No.

Well, what do you want?

lwant my life back.

We're not here. Leave a message.

Mom again.

Hi, it's me again.

Your mother.

I don't know why I'm calling.

I feel like such a moron leaving
all these messages, begging you.

I don't know.

I miss you. I miss
Stephanie, I miss Audrey.

I haven't even seen little Nick.
I haven't even seen my grandson.

What am I supposed to do, Mark?

I'm stuck.

I'm so sorry. I'm sorry
for what he did.

I don't know what he was thinking.
I can't even fathom it.

I just don't understand why
you're so angry at me.

I know you want me to leave him,
but I can't just abandon him.

How am I supposed to just walk
out of a 50-year marriage?

He's my lifetime.

He's my whole, entire memory.

I don't know anything else.

I've never been on my own.

I'm not as brave as you two.

Call me.

How do you now plead
to count one,

the charge of securities
fraud, guilty or not guilty?

Guilty.

How do you plead to count two,

the charge of investment advisory
fraud, guilty or not guilty?

Guilty.

How do you now plead
to count three,

the charge of mail fraud,
guilty or not guilty?

Guilty.

- How do you now plead to count four?
- Guilty.

- How do you now plead to count five?
- Guilty.

- How do you now plead to count six?
- Guilty.

- How do you now plead to count seven?
- Guilty.

- How do you now plead to count eight?
- Guilty.

- How do you now plead to count nine?
- Guilty.

Guilty.

Guilty.

As Mr. Madoff has pled guilty,

he is no longer entitled to
the presumption of innocence.

In light of his age, he
has incentive to flee.

He has the means to flee

and thus, bail is revoked and
the defendant is remanded.

Your Honor, would Your Honor
consider, respectfully,

a stay so that we
might appeal...

Your request for a
stay is denied.

Mr. Madoff, I will see
you at sentencing.

- Sorry, Bernie.
- We are adjourned.

If you are visiting an inmate
in the maximum-security wing,

form a single-file
line to your right.

Stop here.

Keys.

Turn around.

Open your legs.

In the cell next to me,
they got this terrorist.

Some sheikh. I can'!
remember his name.

But that's my neighbor.
Go figure.

I don't understand why they
put you in maximum security.

- Did you finish packing up the apartment?
- There's not much left to pack.

They're taking everything.

They even said to me,

"We're gonna need your
underwear and nightgowns."

- Who said that?
- U.S. Marshals.

What would they want
your underwear for?

They're gonna sell it. They're
gonna auction it off.

It's unbelievable.

Nothing is off-limits
to these people.

I don't even like
to think about it.

It's so spooky.

Have you spoken to the boys?

No one speaks to me.

Except my sister.

Joan even offered to let me
oome stay with her in Boca.

- Well, she's your sister.
- Yeah, I know,

but considering she and Bob
lost everything they had...

It was all with you.

I mean, it meant a lot to me.

Yeah, that was unfortunate.

That's why I was hoping to
have those few extra days

to make sure everyone
was taken care of.

I just feel like
such a total putz.

L...

I mean, when you don't
know what's going on,

you don't even know what to say.

I mean, how am I supposed to
explain the Cohmad withdrawals?

You asked me to transfer money
from one account to another.

I do it and a few hours later, you
tell me it's all a Ponzi scheme.

All these questions and I don't
have any answers, Bernie.

Even if you had told me, I'm not
sure I would've turned you in.

I don't know what
that says about me.

That's the tragedy of it.

Mr. Madoff, are you scared
you're gonna lose your home?

Mr. Madoff, what do you have
to say to all of the people...

Please go away.

What the hell is wrong with you?

- Please leave us alone.
- Can you put the camera down?

Do you feel guilty? Do
you feel remorseful?

You feeling like you're scared?

Do you feel any responsibility?

What the hell is wrong with you?

What kind of person
chases a family?

You don't have any right
to touch my personal...

- I could sue you for shoving me.
- Oh, fuck you! Get in line.

Do you enjoy this?
Do you enjoy...

I don't get it, Mark.

- I don't get it.
- What's there to get?

Your first instinct was to abandon us.
I don't get that.

I was waiting foryou here.

You left his stroller in the
middle of the street, Mark.

-It was on the sidewalk.
-lt doesn't matter.

You just left me to
deal with everything.

Do you understand
how unfair that is?

This is about me. They want me.

- This isn't about you.
- No, this is about all of us.

I... I am sick and tired of
you acting like it's not.

- You know...
- So what do you want, Steph?

You want a divorce?

Just some acknowledgment.

Financial swindler Bernie
Madoff is awaiting sentencing

at the Manhattan Correctional
Facility as investigators dig in...

...to see if those who
were closest to MadofL.

Great, This is unbelievable.

...what has been called the
largest Ponzi scheme ever.

As we know, Bernie Madoff
has continued to maintain

that he and only he
perpetuated this crime.

But it's clear the money
trail is not real.

Every day, Mark
sends you articles,

things he's read, things
that pissed him oft

It's not fair.

It's not fair to you and
it's not fair to me.

I agree. He's stuck.

He keeps going in circles, reading
blag after biog. It's unhealthy.

But what do you want
me 1o do, Catherine?

Create a little distance.

Well, lhafd be easier if he wasn't
the only family member l have left.

Mark and Andrew
Madoff's attorneys

say they are guilty
of no crimes,

but authorities and victims are
having tmuble swallowing...

Andrew fucking Madoff.

How have you been, Reed?

Well, after your father fucked us all
over, things have been fucking fantastic.

Yeah, lots of job interviews. No
one willing to hire me, of course.

Working at BLM for seven
years, I guess I'm tainted.

Well, l know it's been tough on all
of us, but you're a solid trader.

You'll find ajob in no time.

Yeah, I get a lot of questions. Yeah,
especially about you, you and Mark.

"So the sons knew, right?

"They were in on it.
They had to be, right?"

Reed, when I found out, it
was like my head exploded.

Ijust...

- Shh. You hear that?
- What?

It's the world's tiniest violin playing
the worlds saddest fucking song.

I understand you're upset...

Yeah, well, how about
making it right?

'Cause I was looking
at a $450,000 bonus.

A lot of traders were
owed bonuses, Reed.

You weren't the only one.
We all got screwed.

L thought you were
all about family.

Well, what the fuck am l?
Am I not family, Andy?

Come on, where's the fucking money'?
Whafd you do with ihe money?

We all know you stole it. Of oourse
you took it. You're a criminal!

I got fucked over, ioo!

By my own father! My own
father fucked me over!

Yeah, is that yourwhore?
I see you, whore!

- Hey! You...
- Hey!

Hey!

Stop it! Andy, get in the car.

Hey! Jesus, get in the car.

Jesus.

- Asshole. Hey!
- Here's your fucking latke,

- knish or whatever, you fuck.
- Hey!

Fuck you! I know
you're in on it!

The big question is, where
did all the money go?

Irving Picard, the court-appointed
trustee, the Iiquidator,

is seamhing for the
billions that disappeared

and trying to recover as much as
possible fmm Madoffs remaining assets.

Of all the people that should've
known, his brother and his sons,

who worked under the same roof
with him, should've known.

- One would think so, yes.
- Did they know?

My belief is, yes, they knew.

Clearly, they would have to
have known what was going on,

- given their own personal transactions...
- Oh, we should've known?

We worked for market-making.
He worked for IA.

- How would we have known?
- If they turn out to be untouchable,

criminally, do you intend
to bankrupt them civilly?

Whether or not they have
a criminal problem,

we will pursue them as far
as we can pursue them.

And if that leads to bankrupting
them, then that's what will happen.

The man sitting in this
courtroom robbed me.

He discarded me like roadkill.

What can we possibly
say good about Madoff

when he sank so low as to
steal from Elie Wiesel,

as if Wiesel hasn't already
suffered enough in his lifetime.

My wife and I are
not millionaires.

We worked hani for all our lives and
he took our entire life savings.

Mr. Madoff not only defrauded
thousands of investors,

he mastered the art of
manipulating our government.

The money Madoff stole from my family had
been set aside to take care of my brother

because he's gonna need medical
assistance for the rest of his life.

If he's attempting to protect his family,
he should not be given the opportunity

because we, his victims,

did not have the same opportunity
to protect our families.

You have left your family
with a legacy of shame.

You have a marriage made in hell, and
that is where you are going to return.

I only hope his prison
sentence is long enough

that his jail cell
becomes his coffin.

May God spare you no mercy.

I am responsible for a great
deal of suffering and pain.

I understand that.

I live in a tormented state,

now knowing of all the pain and
suffering that I have created.

That's something I will live
with for the rest of my life.

People have accused me of being
silent and not being sympathetic.

That is not true.

I apologize to my victims.

I will turn and face you.

I'm sorry.

I know that doesn't help.

Your Honor, thank
you for lisiening.

The message must be sent

that Mr. Madoffs crimes
were extraordinarily evil.

This kind of irresponsible
manipulation of the system

takes a staggering human toll.

Mr. Madoff will get
what he deserves

and will be punished according
to his moral culpabilities.

Mr. Madoff, please stand.

It is the judgment of this court that
the defendant, Bernard L. Madoff,

shall be and hereby is sentenced to a
term of imprisonment of 150 years.

- What about our money, Bernie?
- Yes!

Where's our money?

As a technical matter, the sentence
must be expressed in months.

150 years is equivalent
to 1,800 months.

We are adjourned.

We're standing outside of the
Federal Correctional Complex

in Burner, North Carolina, where Bernie
Madoff just arrived minutes ago.

We saw Mr. Madoff arrive on a bus
with a group of other inmates,

where he will serve his
150-year prison sentence.

Oflicials have said he
will be watched carefully

to ensure he is not a danger to himself
as he faces the long years ahead.

Wsiting hours at the
prison are very liberal,

and people close to the
Madoffs say his wife Ruth

may well move to North Carolina
to be close to her husband.

Fuck you, you asshole.
I'm in Florida.

Vely much in love,

just like Bonnie was
to Clyde, Charlie.

Bonnie robbed banks.
Bonnie killed people.

- And I'm Bonnie?
-...by going to our biog,

"The World Newser, " at abcnews.
com.

How am I Bonnie?

Bonnie was a killer.
Bonnie killed people.

And I'm Bonnie?

For 16 years, I kept this secret
from my wife, my brother,

my sons.

How I was able to do that and
maintain any degree of sanity,

well, that... That worries
me when I think about it.

Yeah, you already
mentioned that.

Yeah, I did.

But while we're on the subject,

you say you wanted to
protec1 your family.

Right.

But' just an example,

what would have happened if at some
point before the crisis of '08,

you'd been hit by a bus,
you'd dropped dead?

Mark and Andrew would've
become the owners

of a firm that was
still in the middle

of perpetrating the biggest
Ponzi scheme in history.

Except the advisory was a
completely separate business,

one in which they had
no involvement. so...

Bui with you dead

and Frank probably willing to swear
to anything to save himself,

seems to me the odds are that as
owners and lifelong executives,

they'd have gone to jail.

Your sons would be sitting
there where you are.

No, well, I protected them.

You couldn't have protected
them if you were dead, Bernie.

So who would've been
held responsible?

I would've been.

They would've been, Bernie.

They would've been
held responsible,

which means one of
two things is true.

Either they actually were guilty

and accepted the risks,

or you were willing to lel your sons go
to jail for the crime you committed.

Which is it, Bernie?

I do like jousting with you.

I'm not jousting
with you, Bernie.

- Yeah, well...
-l'm notjousting with you.

It seems to me like...

Like you're refusing

to recognize that hazard

you created for your family.

Notjust the day you were arrested but
the hazard that they lived under,

unknowing, for,
well, however long

you were operating this fraud.

Eventually, they
would be exonerated.

- Period.
- How could you have been

so certain of that,

that you were
willing to risk ii?

Because they were
never involved, ever,

and there's no way ifs ever
gonna be proven othenuise.

So it doesn't matter.

It's a terrible thing that
theyre going through,

but they never would have been convicted
because they couldn't be convicted.

Because they didn't do anything.

Neither did my wife.

Nothing. Zero.

- But you know what you've done...
- I know what I've done.

-...has shattered your family.
- I take full responsibility for that

and it'll... lt'll kill me
for the rest of my life.

But...

Over the course of the
summer and fall of 2009,

the government auctioned
off Madoff's property.

The beach house in Montauk...

$9 million.

The penthouse in Manhattan...

$8 million.

The Palm Beach house...

Available for $ 7. 25 million.

The Mercedes-Benz station
wagon, yachts and power boats,

Mets jacket, a hodgepodge
of personal items...

By the fall of 2009,

Picanl had separately collected
roughly $1.5 billion

from the firm's brokerage
and bank accounts,

asset sales, and a few
out-of-court settlements.

We filed suii against Ruth
Madoff for $44 million.

We have filed a clawback suit
against Mark and Andrew Madoff

for the return 0f$127.5 million.

You can be in charge
of the castle.

You can be in charge
of the dresses.

- I get the dresses, right?
-lsn't that wig hysterical?

That's great.

Could you watch
her for a minute?

Mark, any time we try to
move on with our life,

Bernie just finds a way
to drag us back down.

- I'm sick of it.
- I'm sorry.

I tell you' you get angry. I
don't tell you, you get angry.

What am I supposed to do?

I don't know. It's just...

What the fuck is
wrong with this guy?

Suing our four-year-old
daughter?

- It's insane.
- I know, I'm sorry.

I just... I hate that every time

I stan to feel normal again,
something bad happens.

Have you checked
your text messages?

No.

0h, my God, he's so cute.

I love you.

I love you, too.

Bye.

Bye.

Hey, Marty,

I sent you the article.
Did you get it?

Anyway, please give
me a call back.

Hey, man, it's me.

What, are you away or something?

'Cause I called you earlier
today and you didn't answer.

I left a message for Marty
and he's not there either.

Like, nobody ever
seems to be around.

Everybody's out of
town or something.

I'm leaving you another message.

I know I keep leaving
you messages, Andrew.

I can'! even reach Stephanie.
I can't reach anybody!

I'm seriously gonna lose it.

I really am.

I'm, like, trapped in here.

Guess what?

It's me again.

I don't know if
you're away with...

Are you away with Catherine?

I mean, where are
you guys, anyway?

Have you gone fishing?

It's just, like, ever since
she's been in your life,

I can't fucking
reach you anymore.

I can't ever talk to you.

You'rejust, like, always
fucking on some holiday!

Okay, I just left you, like,

a 20-minute message
and I got cut off.

Andy, MHFIV,

I don't even know who I'm
leaving messages for.

I'm just leaving messages
now, you know what I mean?

We're supposed to just sit
around and, like, you know,

with our dicks in our
hands, doing nothing?

You know, I've been at
this for two years.

Two years. Two years!

I can't keep going on this way!
Ihave to make a statement.

I gotta make a big statemeni!

I can't go on like this.

We're not here. Leave a message.

Mark, are you there?

Mark, pick up.

Your call has been fon/varded

to an automatic voice
message system.

At the tone, please
record your message.

Mark, ljust tried the house.

Uh, uh, call me.

Come in.

Mom.

What's wrong?

I just got these
messages from Mark.

I tried calling the house,

but he's... He's not picking up.

All right, yeah. ljust...
ljust pulled up.

I'm going inside.

I'll call you back. All right.

Mark?

Hey!

Hey, Nicky.

What are you doing, huh?

Wanna come with Papa?

We're gonna go outside.
You wanna go out...

Okay. Grouper!

Gotta get your blanky.

Grouper, come back.

Hey, Nicky, with Papa we're
gonna play peek-a-boo.

Grouper, come! Grouper!

Grouper! Grouper, come!
Come on, thafs a good boy.

That's a good boy. Look at...

Grouper, good.

We'rejust gonna go outside.

Hello?

It's Marty.

Mark's dead.

Stephanie!

He... He hung himselt
WOMAN: He's dead.

Has anybody called my mother?

I have to call my mother.

Andy?

0h, it's so good to hear
your voice, sweetheart.

No!

I wrote Bernie a letter a week
after Mark killed himselt

And I never sent it to him,
because they monitor his mail

and I thought they would never,
ever give him a letter like this.

Well, here, you can say it on TV.
He's probably watching.

Well, what I wrote to him was,

“Bemie, while I will not

"send you pictures of
your grandchildren,

"there is one picture
I do want you to see.

"That last picture
of your son, Mark.

“You owe it to his widow,

"his children, his
brother, his mother.

"So, here is what I
wish for you, Bernie.

"Every time you sit down to eat,

"as you pick up
your plastic fork,

"I want you to see
your son's corpse

"hanging from the rafter
directly over your table,

“right in front of you, Bernie.

"So at every meal, you
see your son, Mark.

"His white sweat
socks are swaying

"ever so gently at
your eye level,

“immediately above
your food dish.

"And as you look up, Bernie,

"you see...

"You see your firstborn
son hanging there,

“his head at a
left-leaning angle,

"looking down at you,

“asking how could you
do that to your son,

“who up until two years
before his death

“had given you the
greatest gift...

“His unconditional
love for his father."

Well, I hope he heaml that.

- I hope he heard that.
- Well, he gets free television,

so why shouldn't he hear it?

Why isn't he in a hole
where he belongs?

He says that he is
happier in prison

- than he was before.
- Free meals!

- He feels safe in prison.
- His victims

are eating their dinner
out of cat food cans.

Then he says, "The average person
thinks I rubbed widows and orphans.

“l made wealthy people
wealthier." That is not true.

Mark... He wrote a note.

The note said,

"Bernie, this is what happens

“when you destroy your sons

“by your life of deceit.

“Fuck you, Bernie."

- That was Mark's suicide note.
- Right.

I can't keep coming here.

I want a relationship with Andy,

and he won't see me
ifl keep coming here.

I can! have it both ways.

No, I understand.

And I can't talk to you anymore.

You can't write
to me or call me.

Ifll be too hard.

Ruth, all I want is whafs best
for you and for the boys.

Boy, Bernie.

You were my lifeguard.

I thoughi you were gonna
protect me forever.

Bestjob I ever had.

I never had to save anybody.

I don't know if it will ever be
any different than it feels now.

I don't think afler
losing a child

things ever get better.

I don't see much of
a future for me.

And I don't really
care if I have one.

The future's hard.

Yeah, I was sorry to see
that People Magazine

used that photo of you and
Mark when he was a boy.

I can never forgive you, Bernie.

And yet I'm not angry at you.

I don'i know why.

It's a combination of feeling
numb and it seeming fruitless.

I don't remember how much I
got paid as a lifeguard,

but it was never
about the money.

In 2013,

I invited Andrew to speak at a writing
seminar I conducted at Princeton

under the general theme of
writing about con artists.

Andy had just started chemotherapy
for the recurrence of lymphoma.

The topic I asked him to
think about for the class

was how the media had
covered his fathefs case

and how that affected his life.

I've always wondered,

why didn't you go on TV
and state your case?

Why didn't you defend yourself?

Well, one of the reasons

I've always felt uncomfortable

about the prospect of going
on TV and telling my story

is that I don't know if I'm
that sympathetic a character.

And at the end of the day,

l lived a life of great
wealth and privilege.

Um, Itraveled the world.

Uh, I wanted for nothing.

All of that was subsidized
by my father's victims.

It's hard to tell our story,

Mark's, my mother's, myself, uh,

when there are so
many other stories.

You know, my brother
killed himselt

My mother lost the only
man she ever loved,

turned out to be a
complete fraud.

But, you know, there
were just three of us.

There are thousands of victims.

And, uh...

Any other questions?

Yes.

The father-son relationship is such
an important factor in anyone's life.

There must be some part of that
relationship with your father

that still exists.

Even after all this,

can you see some point
where you could visit him

or talk to him again?

My father is dead to me.

On September 3rd, 2014,

Andrew Madoff died from
mantle cell lymphoma.

Hi, this is Ruth.

Leave a message after the tone.

Hi, Ruth, ljust wanted to...

I know I said lwouldn't
call, but I just...

Hi, this is Ruth.

Leave a message after the tone.

We're sorry.

You have reached a number
that is no longer in service.

If you feel that you have reached
this recording in error,

please check the number and...

Hey, Iwas online today

and I'm reading some of
the old coverage of me

and I came across this article.

Frankly, it wasjust ridiculous.

What was the article?

The New York Times
interviewed this guy,

a forensic psychologist who
worked on the Ted Bundy case.

And this guy, Joe Blow, whom
I've never met, never talked to,

don't know from Adam, never
seen in my whole entire life,

was going on and on about the similarities
between Ted Bundy and myself.

I can see how that comparison
would be troubling, but...

Well, there is no comparison.

I mean, how can you
compare me to someone

who decapitated women and
kept their heads as mementos?

I mean, that's the behavior of a
truly, truly evil human being.

I mean, what comparison is
there, ever, possibly in that?

And yet the New York Times,
the "Newspaper of Record,"

"All the News That's
Fit to Print,"

never had anyone say, "This is a
preposterous piece of writing,

"especially for the
business section."

Well, why do you think
they made that comparison?

- You know, when I turned myself in...
- Your sons turned you in.

No, no, but I turned myself in.

It was a matter of a few
days, so I was gonna do it.

So anyway, when I
turned myself in...

It was the height of the whole
anti-Wall Street hysteria

and they needed a villain, they needed a
face for the whole mess they created.

That face became me, so thafs...

I don't know, I just...

I don't even wanna
think about it.

Think about what?

Well, he killed people,
innocent people.

And in my case, Itold
people, everyone,

"Don't put more than
half your money with me.

"You never know. Who
the hell knows?

"L mean, one day, I
could just go crazy."

But the reality is,
people are greedy.

The reality is that not
even your warning was true,

and you took their money anyway.

Let me ask you a question.

Do you think I'm a sociopath?