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1
00:00:00,581 --> 00:00:02,621
You know
how I look at you?
How?
2
00:00:02,623 --> 00:00:04,053
As a guy who doubled my money
in six years.
3
00:00:04,045 --> 00:00:06,925
$388,693,119.
4
00:00:06,927 --> 00:00:08,887
Total of cash accounts
as of 9:00 a.m. this morning.
5
00:00:08,889 --> 00:00:10,009
[ Laughs ]
6
00:00:10,010 --> 00:00:11,840
Irving trusted you.
7
00:00:12,553 --> 00:00:13,633
Sheryl Weinstein.
8
00:00:13,634 --> 00:00:15,404
I know you
don't take on just anybody.
9
00:00:15,396 --> 00:00:17,936
Why don't you call my office,
and we'll set something up?
10
00:00:17,938 --> 00:00:19,938
-Surprise!
-Surprise!
11
00:00:19,940 --> 00:00:21,480
BERNIE: Chairman of NASDAQ.
12
00:00:21,482 --> 00:00:23,812
I'd never have
to sell myself again.
13
00:00:23,814 --> 00:00:25,744
Dad, why won't you
just let us in?
14
00:00:25,736 --> 00:00:27,606
I'll know
when you're ready.
15
00:00:27,608 --> 00:00:28,908
Harry, have you ever heard
of Bernie Madoff?
16
00:00:28,909 --> 00:00:30,109
Private fund, right?
17
00:00:30,111 --> 00:00:32,201
Strong, consistent returns
year in, year out.
18
00:00:32,203 --> 00:00:33,533
We need to do
what he's doing.
19
00:00:33,534 --> 00:00:35,294
It's a simple business plan.
20
00:00:35,286 --> 00:00:38,156
People give me their money, and
I make them richer than God.
21
00:00:38,159 --> 00:00:40,039
HARRY: You want
to know how he does it?
Yes.
22
00:00:40,040 --> 00:00:41,580
He doesn't.
23
00:00:41,582 --> 00:00:42,542
It's a fraud.
24
00:00:42,543 --> 00:00:43,923
We got a problem, Bernie.
25
00:00:45,166 --> 00:00:48,336
WOMAN: Bank stocks
were pummeled again today.
26
00:00:48,339 --> 00:00:49,469
[ Keyboard clacking ]
27
00:00:49,470 --> 00:00:51,090
[ Airplane engine whirs ]
28
00:00:51,092 --> 00:00:53,722
♪♪
29
00:00:53,724 --> 00:00:55,184
MAN #1: The president,
at a news conference,
30
00:00:55,176 --> 00:00:56,516
tried today to...
MAN #2:
Nightmare on Wall Street.
31
00:00:56,517 --> 00:00:58,137
♪♪
32
00:00:58,139 --> 00:00:59,519
[ Camera shutters click ]
33
00:00:59,520 --> 00:01:01,310
[ Clanging ]
34
00:01:01,312 --> 00:01:04,362
♪♪
35
00:01:06,567 --> 00:01:09,397
There's a cancer gene
in the Madoff line.
36
00:01:09,400 --> 00:01:11,650
Cousins, uncles, grandparents.
37
00:01:11,652 --> 00:01:14,502
Leukemia, lymphoma, sarcoma.
38
00:01:14,495 --> 00:01:18,825
A poisoned heirloom
passed down for generations.
39
00:01:18,829 --> 00:01:21,159
Maybe we could
extend out further.
40
00:01:21,162 --> 00:01:23,252
We always hear
that growth is a good thing.
41
00:01:23,254 --> 00:01:24,634
As much as
of -- of a window.
42
00:01:24,625 --> 00:01:26,165
We'll see if we like it.
43
00:01:26,167 --> 00:01:28,667
It shows the world you don't
want to settle for good enough.
44
00:01:28,669 --> 00:01:31,879
How -- How deep is this?
45
00:01:31,882 --> 00:01:34,012
No? Yeah?
Yeah.
46
00:01:34,014 --> 00:01:37,024
By the time Bush Jr.
was in the White House,
47
00:01:37,017 --> 00:01:39,137
I had taken
my investment business
48
00:01:39,140 --> 00:01:44,190
and turned it into
a business spanning the globe.
49
00:01:44,185 --> 00:01:46,815
So, is growth a good thing?
50
00:01:46,817 --> 00:01:48,277
Sure.
51
00:01:48,279 --> 00:01:50,319
Unless it's cancer.
52
00:01:50,321 --> 00:01:51,821
And then it can kill you.
53
00:01:55,616 --> 00:01:57,656
[ Rock music plays ]
54
00:02:00,331 --> 00:02:02,161
ED: Harry.
Hey.
55
00:02:02,163 --> 00:02:04,083
I'm sorry.
I got held up in Charlestown.
56
00:02:04,084 --> 00:02:05,094
How you doing?
57
00:02:05,085 --> 00:02:06,335
Thanks for coming, Ed.
58
00:02:06,337 --> 00:02:07,337
What's on your mind?
59
00:02:07,338 --> 00:02:08,508
Maryann...
60
00:02:08,509 --> 00:02:10,959
could I get a, uh --
I'll have a draft, please.
61
00:02:10,961 --> 00:02:13,551
Maybe we should grab
a booth in the back --
62
00:02:13,554 --> 00:02:14,894
something
a little more private.
63
00:02:14,885 --> 00:02:16,055
A booth?
64
00:02:16,056 --> 00:02:17,306
Harry, what is this --
a date?
65
00:02:17,308 --> 00:02:19,178
Come on.
We play softball together.
66
00:02:19,180 --> 00:02:20,850
I'm with the SEC,
not the CIA.
67
00:02:20,851 --> 00:02:21,891
What's going on?
68
00:02:21,892 --> 00:02:24,362
You like baseball,
right, Ed?
69
00:02:24,355 --> 00:02:26,645
Sure, yeah.
70
00:02:26,647 --> 00:02:30,727
What if I told you there was
a player in the major leagues
71
00:02:30,731 --> 00:02:33,651
who was batting .960?
72
00:02:33,654 --> 00:02:35,284
I'd want him on my team.
73
00:02:35,276 --> 00:02:36,326
[ Both laugh ]
74
00:02:36,327 --> 00:02:37,447
That's right.
75
00:02:37,448 --> 00:02:38,618
I'd say he was cheating.
76
00:02:38,619 --> 00:02:40,329
[ Chuckles ] Yeah.
77
00:02:40,331 --> 00:02:41,911
[ Breathes deeply ]
78
00:02:41,912 --> 00:02:44,382
Have you ever heard
of Bernard L. Madoff?
79
00:02:44,375 --> 00:02:45,745
Bernie Madoff?
80
00:02:45,746 --> 00:02:47,586
Yeah, sure.
He's got a good reputation.
81
00:02:47,588 --> 00:02:49,498
[ Chuckles ]
82
00:02:49,500 --> 00:02:51,050
I'll say he does.
83
00:02:51,051 --> 00:02:53,841
Bernard L. Madoff
is batting .960.
84
00:02:53,844 --> 00:02:55,854
[ Scoffs ] Come on, Harry.
What are you talking about?
85
00:02:55,846 --> 00:02:57,136
In his investment fund,
86
00:02:57,137 --> 00:02:59,217
only 4% of his months
are down months.
87
00:02:59,220 --> 00:03:01,510
If his performance statistics
are true,
88
00:03:01,512 --> 00:03:02,762
he would have to buy
more options
89
00:03:02,763 --> 00:03:05,943
on the Chicago Options Exchange
than actually exist.
90
00:03:05,936 --> 00:03:09,146
Now, I spoke
to my options guy in Chicago.
91
00:03:09,149 --> 00:03:13,149
No one remembers ever doing
a trade with Bernard L. Madoff.
92
00:03:13,153 --> 00:03:14,323
What are you saying?
93
00:03:14,315 --> 00:03:16,655
Are you -- you saying
he's insider trading?
94
00:03:20,030 --> 00:03:22,700
I'm accusing him
of running a Ponzi scheme.
[ Glass thuds ]
95
00:03:22,703 --> 00:03:23,993
Bernie Madoff?
96
00:03:23,994 --> 00:03:27,044
The same guy that sat on the
NASDAQ chair for three years?
97
00:03:27,037 --> 00:03:28,747
That's him.
And you want
to speak to my boss?
98
00:03:28,749 --> 00:03:30,089
I do.
99
00:03:30,090 --> 00:03:31,920
Ed, I've run the numbers
on this.
100
00:03:31,922 --> 00:03:33,002
And you know me, Ed.
101
00:03:33,003 --> 00:03:34,933
I am precise.
102
00:03:34,925 --> 00:03:36,005
He's a fraud.
103
00:03:36,006 --> 00:03:38,256
Madoff is a fraud.
Capital "F."
104
00:03:38,259 --> 00:03:39,929
You know what this
sounds like to me, Harry?
105
00:03:39,930 --> 00:03:41,720
It sounds like you've got
some kind of personal issue
106
00:03:41,722 --> 00:03:43,012
going on here.
107
00:03:43,013 --> 00:03:45,613
I mean, you've got a guy
that's not playing by the rules,
108
00:03:45,606 --> 00:03:47,556
and you want to get him
off the field.
109
00:03:47,558 --> 00:03:49,148
When this thing goes down,
110
00:03:49,149 --> 00:03:52,019
people are going
to be destroyed.
111
00:03:52,022 --> 00:03:54,492
Lives are going to be
destroyed with this thing.
112
00:03:54,485 --> 00:03:56,195
And not just rich people.
113
00:03:56,196 --> 00:03:59,026
Little old ladies
who thought they were investing
114
00:03:59,029 --> 00:04:00,659
in their future,
their retirements.
115
00:04:00,661 --> 00:04:01,781
They're gonna lose it.
116
00:04:01,782 --> 00:04:03,122
Charities!
117
00:04:03,123 --> 00:04:04,673
People who didn't even know
118
00:04:04,665 --> 00:04:05,995
that they were investing
in this guy --
119
00:04:05,996 --> 00:04:07,166
They're gonna lose
everything.
120
00:04:07,167 --> 00:04:09,747
You're sure?
I am sure.
121
00:04:11,632 --> 00:04:14,722
All right, if I can get you
a meeting with Grant Ward,
122
00:04:14,715 --> 00:04:18,085
you got to make a very clear,
very convincing case,
123
00:04:18,088 --> 00:04:19,878
and it's got to be done
very quickly.
Yes.
124
00:04:19,880 --> 00:04:21,180
He's not a numbers guy.
I know.
125
00:04:21,181 --> 00:04:22,641
So don't go in there
with equations...
Ed --
126
00:04:22,643 --> 00:04:23,843
...and all kinds
of theorems and...
127
00:04:23,844 --> 00:04:25,394
Listen to me.
128
00:04:25,386 --> 00:04:27,516
I can handle this.
129
00:04:29,560 --> 00:04:31,890
So, I met someone.
130
00:04:31,892 --> 00:04:33,192
Her name's Catherine.
131
00:04:33,193 --> 00:04:35,453
How'd you manage that
without me as your wingman?
132
00:04:35,446 --> 00:04:36,656
Yeah, don't be an ass.
133
00:04:36,657 --> 00:04:38,237
I walked into her store.
134
00:04:38,238 --> 00:04:41,158
She owns that fly-fishing
outfitters store downtown --
135
00:04:41,161 --> 00:04:43,201
Urban Angler.
So, are you serious
about her or what?
136
00:04:43,203 --> 00:04:45,293
Yeah.
I think it's real.
137
00:04:45,285 --> 00:04:48,165
And I was thinking about
inviting her to Shana's wedding.
138
00:04:48,168 --> 00:04:50,038
That's great, man.
You should do that.
Yeah?
139
00:04:50,040 --> 00:04:52,460
Just be ready.
Mom's gonna give her the look.
140
00:04:52,463 --> 00:04:54,173
Which look?
You know the look.
141
00:04:54,174 --> 00:04:56,184
Oh, the look, the look.
The look.
142
00:04:56,176 --> 00:04:59,716
They're such paradoxes,
Mom and Dad.
143
00:04:59,720 --> 00:05:03,180
You know, one minute, they're up
in every aspect of our lives.
144
00:05:03,183 --> 00:05:06,523
And the next,
especially Dad...
145
00:05:06,517 --> 00:05:09,427
they just freeze you out.
146
00:05:09,430 --> 00:05:11,430
You see
the new business card?
147
00:05:11,432 --> 00:05:12,642
Yeah, that's
pretty much the same
148
00:05:12,643 --> 00:05:13,693
as the old ones,
aren't they?
149
00:05:13,694 --> 00:05:16,204
Yeah.
Pretty much exactly the same.
150
00:05:16,196 --> 00:05:17,646
And it pisses me off.
151
00:05:17,648 --> 00:05:20,898
Pisses me off
even more for Uncle Peter.
Mark, come on.
152
00:05:20,901 --> 00:05:22,531
You got to let go
of the whole name-change thing.
153
00:05:22,533 --> 00:05:23,943
Listen to me.
154
00:05:23,944 --> 00:05:25,454
Dad's never
gonna let it go.
155
00:05:25,446 --> 00:05:26,706
Why won't he?
156
00:05:26,707 --> 00:05:29,537
It should just be "Madoff
Investment Securities."
157
00:05:29,540 --> 00:05:30,660
All he ever talks about is,
158
00:05:30,661 --> 00:05:32,831
"Oh, we're just
a small family business."
159
00:05:32,833 --> 00:05:35,263
Make no mistake --
It's the "Bernie Show."
160
00:05:39,009 --> 00:05:40,759
Why don't you
string one up for me?
161
00:05:40,761 --> 00:05:44,011
You don't even like
surf fishing.
162
00:05:44,014 --> 00:05:46,774
[ Chuckles ]
Oh, my boys.
163
00:05:46,767 --> 00:05:49,677
It's a beautiful day,
a sunny beach.
164
00:05:49,680 --> 00:05:51,730
It's not about the fish.
165
00:05:55,976 --> 00:05:57,646
[ Horns honking ]
166
00:05:57,648 --> 00:05:59,778
ELEANOR: I know
that I don't have the
administrative experience,
167
00:05:59,780 --> 00:06:02,480
but I'm a hard worker
and a quick learner.
168
00:06:02,483 --> 00:06:04,663
I spent
six years in retail.
169
00:06:04,655 --> 00:06:06,365
I managed the fundraisers
for the PTA --
170
00:06:06,366 --> 00:06:10,156
When you were growing up, what
was it that you wanted to do?
171
00:06:10,160 --> 00:06:11,540
[ Laughs ]
I'm sorry.
172
00:06:11,542 --> 00:06:12,792
I don't --
I don't understand.
173
00:06:12,793 --> 00:06:15,173
When you were growing up,
you...
174
00:06:15,165 --> 00:06:18,835
you didn't have the ambition
to be a secretary.
175
00:06:18,839 --> 00:06:20,129
Did you?
176
00:06:20,130 --> 00:06:22,050
[ Laughs ]
177
00:06:22,052 --> 00:06:23,762
Sounds like
a trick question.
178
00:06:23,764 --> 00:06:26,394
It isn't.
179
00:06:26,386 --> 00:06:27,506
Okay.
180
00:06:27,508 --> 00:06:31,138
I wanted to be a nurse.
181
00:06:31,141 --> 00:06:32,431
You know, something useful.
You know?
182
00:06:32,433 --> 00:06:34,613
Something to help people.
183
00:06:34,605 --> 00:06:36,515
But...
184
00:06:36,517 --> 00:06:37,727
life gets in the way.
185
00:06:37,728 --> 00:06:40,688
I understand, I understand.
186
00:06:40,691 --> 00:06:41,981
Now you got two kids.
187
00:06:41,982 --> 00:06:46,492
So you're gonna get a job
that pays well,
188
00:06:46,487 --> 00:06:48,657
and you can support
your children.
189
00:06:50,621 --> 00:06:52,831
Yeah.
190
00:06:52,833 --> 00:06:54,923
Yes, sir.
191
00:06:56,747 --> 00:06:58,627
Eleanor...
192
00:06:58,629 --> 00:07:01,709
I've run this company
for 40 years,
193
00:07:01,712 --> 00:07:05,012
and I have
never hired anybody
194
00:07:05,005 --> 00:07:07,845
who didn't answer
that question honestly.
195
00:07:11,221 --> 00:07:17,151
Now, the thing that I prize
more than anything is loyalty.
196
00:07:17,147 --> 00:07:20,147
You won't meet a more loyal
person than me, Mr. Madoff.
197
00:07:20,150 --> 00:07:22,940
If I hire you, Eleanor...
198
00:07:22,943 --> 00:07:27,373
you have to be loyal to me.
199
00:07:27,367 --> 00:07:29,527
Not the company.
200
00:07:29,530 --> 00:07:33,370
To me.
201
00:07:34,875 --> 00:07:36,785
You understand that?
202
00:07:39,630 --> 00:07:41,670
Yes.
203
00:07:41,672 --> 00:07:43,672
I do understand.
204
00:07:46,386 --> 00:07:49,546
SHERYL: I know
it's not a big deal to you.
205
00:07:49,550 --> 00:07:51,930
We're just a client,
and not a very big one,
206
00:07:51,932 --> 00:07:55,732
but it is a huge thing
for the organization.
207
00:07:55,726 --> 00:07:58,806
So, what do you think?
208
00:07:58,809 --> 00:08:00,309
Should we do it?
209
00:08:00,310 --> 00:08:01,310
Do what?
210
00:08:01,311 --> 00:08:02,521
Order champagne?
Oh.
211
00:08:02,523 --> 00:08:03,563
[ Both laugh ]
212
00:08:05,485 --> 00:08:07,985
Yes, of course,
if you'd like some.
213
00:08:07,988 --> 00:08:10,158
I don't --
I don't drink, so...
214
00:08:10,160 --> 00:08:11,320
Never?
215
00:08:11,321 --> 00:08:12,531
Rarely.
216
00:08:12,533 --> 00:08:17,003
Occasional glass of wine
with dinner, but, really, no.
217
00:08:16,997 --> 00:08:18,997
Are you afraid
you'll spill all your secrets
218
00:08:18,999 --> 00:08:19,999
if you get a little tipsy?
219
00:08:20,000 --> 00:08:22,000
[ Chuckles ]
220
00:08:22,002 --> 00:08:24,382
Or you'll lose control?
221
00:08:24,384 --> 00:08:27,684
Well, we should have had
this meeting at my office,
222
00:08:27,678 --> 00:08:31,968
but you insisted on --
on having lunch.
223
00:08:31,972 --> 00:08:33,432
Well...
224
00:08:33,433 --> 00:08:37,103
we could have had lunch
at any restaurant in the city,
225
00:08:37,097 --> 00:08:40,977
but you suggested
a restaurant in a hotel.
226
00:08:44,064 --> 00:08:46,244
♪♪
227
00:08:50,651 --> 00:08:52,701
Check, please.
228
00:08:57,748 --> 00:09:00,998
♪♪
229
00:09:01,001 --> 00:09:03,661
HARRY:
So, plainly and simply put,
230
00:09:03,664 --> 00:09:07,224
one OTC at-the-money put
would have a delta of 0.5,
231
00:09:07,217 --> 00:09:10,547
meaning that any drop
in the OEX
232
00:09:10,550 --> 00:09:14,010
larger than a mere,
oh, 1.1%...
233
00:09:14,014 --> 00:09:16,444
well, Madoff would have
to buy options
234
00:09:16,436 --> 00:09:19,096
with high enough gamma
to protect second derivatives
235
00:09:19,099 --> 00:09:20,139
against a drop
in the first,
236
00:09:20,140 --> 00:09:22,810
which, as we all know,
is absurd.
237
00:09:22,813 --> 00:09:23,893
[ Chuckles ]
238
00:09:23,894 --> 00:09:26,994
Now, let's talk about
mega-tronic analysis
239
00:09:26,987 --> 00:09:30,527
of financial consortiums,
which when compounded with --
240
00:09:30,530 --> 00:09:32,950
GRANT:
Thank you, Mr. Markopolos.
241
00:09:32,953 --> 00:09:36,913
I'll refer your findings
to the appropriate person.
242
00:09:36,907 --> 00:09:40,537
Maybe they'll be able
to understand your theories.
243
00:09:40,540 --> 00:09:42,370
Thank you for your time,
Grant.
Ah.
244
00:09:42,372 --> 00:09:43,502
It was great to see you.
245
00:09:43,503 --> 00:09:45,013
Sorry to interrupt
your schedule today.
246
00:09:45,005 --> 00:09:47,165
I'm an Army man, Mr. Ward.
247
00:09:47,167 --> 00:09:48,967
[ Breathes deeply ]
Good to know.
248
00:09:48,969 --> 00:09:50,379
I swore an oath
249
00:09:50,380 --> 00:09:53,800
to protect this country
against all enemies,
250
00:09:53,804 --> 00:09:55,644
foreign and domestic.
251
00:09:55,636 --> 00:10:00,056
And Bernard Madoff
is a domestic enemy.
252
00:10:00,060 --> 00:10:02,520
This is about duty.
253
00:10:05,856 --> 00:10:07,856
Thanks, Grant.
254
00:10:07,858 --> 00:10:09,818
MAN: 20,000 shares?
255
00:10:11,992 --> 00:10:16,042
This is me putting
my whole life in your hands.
256
00:10:18,158 --> 00:10:19,658
Take it.
257
00:10:19,660 --> 00:10:21,950
Eleanor...
258
00:10:21,952 --> 00:10:25,712
if the world ends,
these are the numbers I need.
259
00:10:25,706 --> 00:10:28,416
I want you to make
a copy of this book
260
00:10:28,418 --> 00:10:30,128
and put it
in your computer.
261
00:10:30,130 --> 00:10:33,210
I want to have a separate
password for you and me.
262
00:10:33,213 --> 00:10:36,143
Okay.
263
00:10:36,136 --> 00:10:38,176
The Lowell Hotel called.
264
00:10:38,178 --> 00:10:39,678
They want to confirm
a reservation
265
00:10:39,680 --> 00:10:41,060
for lunch and a room.
266
00:10:41,061 --> 00:10:43,471
Yes.
That's correct.
267
00:10:46,646 --> 00:10:48,566
Well,
then you're all set.
268
00:10:48,568 --> 00:10:51,358
Mr. Ward,
this is Harry Markopolos.
269
00:10:51,361 --> 00:10:55,331
Um, I have run
some additional numbers,
270
00:10:55,325 --> 00:11:00,735
and I think you'll find them
very interesting.
271
00:11:00,741 --> 00:11:03,991
If you could give me a call back
at your earliest convenience.
272
00:11:03,994 --> 00:11:05,674
Thank you.
273
00:11:05,665 --> 00:11:07,665
[ Keyboard clacking ]
274
00:11:09,169 --> 00:11:11,379
Hello.
275
00:11:11,381 --> 00:11:13,211
[ Gasps ] Hi.
276
00:11:13,213 --> 00:11:15,223
I'm Eleanor,
Bernie's new secretary.
277
00:11:15,215 --> 00:11:16,255
You must be Ruth.
278
00:11:16,256 --> 00:11:18,846
I mean Mrs. Madoff.
279
00:11:18,849 --> 00:11:19,889
It's nice to meet you.
280
00:11:19,890 --> 00:11:21,300
Uh-huh.
Nice to meet you, too.
281
00:11:21,301 --> 00:11:23,511
So, where is he?
282
00:11:23,513 --> 00:11:25,403
I just got back from Florida
with my sister.
283
00:11:25,395 --> 00:11:26,645
He was supposed
to have lunch with us.
284
00:11:26,646 --> 00:11:27,936
He's not picking up
his phone.
285
00:11:27,938 --> 00:11:31,898
Um, Mr. Berman needed him
up at his offices.
286
00:11:31,902 --> 00:11:34,822
He's gonna be in meetings
all afternoon.
287
00:11:34,815 --> 00:11:36,195
What's your name again?
288
00:11:36,196 --> 00:11:37,486
Eleanor.
289
00:11:37,487 --> 00:11:38,987
Eleanor Squillari.
290
00:11:38,989 --> 00:11:40,739
[ Cellphone chimes ]
291
00:11:43,413 --> 00:11:44,963
Oh, good girl.
292
00:11:46,496 --> 00:11:48,206
One of
your other mistresses?
293
00:11:48,208 --> 00:11:50,498
[ Laughs ]
My secretary.
294
00:11:50,500 --> 00:11:52,670
Oh, come on.
Tell me there are others.
295
00:11:52,672 --> 00:11:53,672
Make me jealous.
296
00:11:53,673 --> 00:11:55,343
Sorry, kid.
297
00:11:55,335 --> 00:11:57,595
Only you.
298
00:11:57,597 --> 00:11:59,797
♪♪
299
00:11:59,800 --> 00:12:03,300
Uh, hello, Mr. Ward.
This is Harry Markopolos.
300
00:12:03,303 --> 00:12:06,063
I am checking with you again
301
00:12:06,056 --> 00:12:10,306
regarding the Madoff materials
that I sent to you,
302
00:12:10,310 --> 00:12:14,150
and, um, if you wouldn't mind
giving me a call back,
303
00:12:14,154 --> 00:12:16,954
um, you can reach me
through Ed Manion.
304
00:12:16,947 --> 00:12:20,657
Do you know what I see
everywhere that I look, Ed?
305
00:12:20,660 --> 00:12:22,490
I see red flags.
306
00:12:22,492 --> 00:12:26,332
Red flag number one -- Why
aren't the commissions charged
307
00:12:26,326 --> 00:12:27,826
fully disclosed to investors?
308
00:12:27,828 --> 00:12:32,128
Red flag number two -- Why would
Madoff leave 4% on the table?
309
00:12:32,132 --> 00:12:33,332
I'll tell you why.
310
00:12:33,333 --> 00:12:34,673
It's a con.
It's a scheme.
311
00:12:34,674 --> 00:12:36,804
It's to lure them in.
It's to make them happy.
312
00:12:36,797 --> 00:12:38,677
That's what that 4% is for.
313
00:12:38,678 --> 00:12:40,258
Yes, hello, Mr. Ward.
314
00:12:40,260 --> 00:12:41,760
This is Harry Markopolos
315
00:12:41,761 --> 00:12:45,311
calling you once again
regarding the Madoff materials.
316
00:12:45,305 --> 00:12:48,515
Red flag number 12 --
Madoff goes 100% cash
317
00:12:48,518 --> 00:12:50,228
for every
December 31st year-end.
318
00:12:50,230 --> 00:12:52,810
See, that effectively
wipes the books clean.
319
00:12:52,813 --> 00:12:55,363
Red flag number 31 --
Some guy in a strip mall
320
00:12:55,355 --> 00:12:56,355
is his independent auditor
321
00:12:56,356 --> 00:12:58,156
verifying
the accounting entries.
322
00:12:58,158 --> 00:13:00,398
Now, you're -- you're --
you're -- you're -- You're
forcing me to conclude
323
00:13:00,400 --> 00:13:03,780
that you are simply unwilling
to take on anyone of real power,
324
00:13:03,783 --> 00:13:07,213
or you're simply unable
to grasp the magnitude
325
00:13:07,207 --> 00:13:09,117
of what it is
that I've shown you,
326
00:13:09,119 --> 00:13:10,909
or you're just too lazy
to do anything about it.
327
00:13:10,911 --> 00:13:12,791
♪♪
328
00:13:12,792 --> 00:13:14,212
ANDREW:
This account, Shana?
329
00:13:14,214 --> 00:13:15,224
Are you sure?
330
00:13:15,215 --> 00:13:16,675
Yeah.
Try this one.
331
00:13:16,676 --> 00:13:18,296
BERNIE: Euros.
332
00:13:18,298 --> 00:13:20,178
Pesos. Yen.
[ Laughs ]
333
00:13:20,180 --> 00:13:22,510
You set 'em up,
and I'll knock 'em down.
334
00:13:22,512 --> 00:13:23,802
Okay.
335
00:13:30,350 --> 00:13:32,310
What's the matter?
336
00:13:32,312 --> 00:13:35,612
It's okay, Bernie.
Later. We'll talk.
337
00:13:35,605 --> 00:13:36,605
No, no.
No, no, no.
338
00:13:36,606 --> 00:13:38,066
We'll talk --
We'll talk now.
339
00:13:38,068 --> 00:13:39,488
What?
340
00:13:39,489 --> 00:13:40,989
R-Roger.
341
00:13:40,991 --> 00:13:43,861
Oh.
[ Crying ]
342
00:13:43,864 --> 00:13:46,164
[ Keyboard clacking ]
343
00:13:46,156 --> 00:13:48,246
Does it work?
Um...yeah.
344
00:13:48,248 --> 00:13:49,328
Hold on.
Let me try one more thing.
345
00:13:49,329 --> 00:13:51,079
Okay.
346
00:13:51,081 --> 00:13:52,751
Let me just...
347
00:13:52,752 --> 00:13:54,002
What's going on?
348
00:13:54,004 --> 00:13:56,344
Hmm?
349
00:13:58,508 --> 00:13:59,958
He told him.
350
00:13:59,960 --> 00:14:01,800
Told him what?
351
00:14:01,801 --> 00:14:04,721
Roger's sick.
352
00:14:08,518 --> 00:14:10,518
What kind is it?
353
00:14:10,520 --> 00:14:12,310
Leukemia.
354
00:14:12,312 --> 00:14:14,182
The poisoned heirloom.
355
00:14:14,184 --> 00:14:16,944
The Madoff family curse.
356
00:14:19,569 --> 00:14:21,399
[ Telephone rings ]
357
00:14:26,826 --> 00:14:28,076
Yeah?
358
00:14:28,078 --> 00:14:30,288
MAN:
Is this Harry Mark-opolos?
359
00:14:30,290 --> 00:14:31,330
[ Sighs ]
360
00:14:31,331 --> 00:14:33,701
Marko-polos.
361
00:14:33,703 --> 00:14:34,873
Who is this?
362
00:14:34,874 --> 00:14:36,504
Michael Ocrant.
363
00:14:36,496 --> 00:14:38,496
I'm a financial reporter.
364
00:14:38,498 --> 00:14:40,128
I heard that you've
been digging around
365
00:14:40,130 --> 00:14:41,760
in the workings
of Madoff's fund
366
00:14:41,761 --> 00:14:43,341
and have some concerns.
367
00:14:43,343 --> 00:14:45,313
Wait, wait, wait, wait.
Who -- Who -- Who is it?
368
00:14:45,305 --> 00:14:46,925
Michael Ocrant.
369
00:14:46,927 --> 00:14:49,137
I'm a financial-news
reporter.
370
00:14:52,182 --> 00:14:55,022
And if I look you up, I'll
find your credentials online?
371
00:14:55,015 --> 00:14:58,185
Is a National Press Club Award
good enough for you?
372
00:14:58,188 --> 00:14:59,648
If I do go ahead
and print this,
373
00:14:59,649 --> 00:15:01,319
the whole industry's
gonna read it.
374
00:15:01,321 --> 00:15:05,291
You can be sure the mainstream
press won't be far behind.
375
00:15:05,285 --> 00:15:07,655
If I told you
what I had on Madoff,
376
00:15:07,657 --> 00:15:11,157
you wouldn't have the guts
to print it.
377
00:15:11,161 --> 00:15:13,031
Try me, Mr. Markopolos.
378
00:15:18,588 --> 00:15:21,038
The Barron's article followed
that industry newsletter.
379
00:15:21,041 --> 00:15:22,171
I know a lot of you
have been buzzing
380
00:15:22,172 --> 00:15:23,712
about the Barron's article.
381
00:15:23,713 --> 00:15:27,143
First thing I want you to do
is read it.
382
00:15:27,137 --> 00:15:29,347
But read the whole article,
not just the headline...
383
00:15:29,349 --> 00:15:32,349
because once you do that, you're
gonna find out pretty quick
384
00:15:32,352 --> 00:15:34,142
what they're actually saying
385
00:15:34,144 --> 00:15:36,984
is that Dad's competitors
are jealous
386
00:15:36,977 --> 00:15:40,357
because he is outclassing them
and they can't figure out how.
387
00:15:40,360 --> 00:15:42,690
Luckily, both reporters
called me,
388
00:15:42,692 --> 00:15:44,322
and I fed them a pack of lies.
389
00:15:44,324 --> 00:15:47,534
All they ended up printing
was that I was secretive
390
00:15:47,527 --> 00:15:48,947
and had some skeptics
391
00:15:48,948 --> 00:15:51,198
questioning
my consistent returns.
392
00:15:51,201 --> 00:15:54,451
"One of the top three
market-makers in NASDAQ stocks."
393
00:15:54,454 --> 00:15:56,844
You put Mark
in charge of damage control.
394
00:15:56,836 --> 00:15:57,996
You sure he's up to it?
395
00:15:57,998 --> 00:15:59,038
Sure he's up to it?
396
00:15:59,039 --> 00:16:00,289
He's brilliant at it.
397
00:16:00,290 --> 00:16:01,420
They love him up there.
398
00:16:01,421 --> 00:16:03,631
And besides,
he don't know squat.
399
00:16:03,633 --> 00:16:05,473
It's you
I'm more concerned about.
400
00:16:05,465 --> 00:16:07,255
Me?
Yeah.
You gonna be ready?
401
00:16:07,257 --> 00:16:08,797
When have I not been?
Look...
402
00:16:08,798 --> 00:16:12,678
every single one of our clients
is gonna read this article.
403
00:16:12,682 --> 00:16:17,152
We can't afford another
SEC investigation, Frank.
404
00:16:17,147 --> 00:16:19,097
Don't worry, Bernie.
405
00:16:19,099 --> 00:16:20,769
I'll be ready.
406
00:16:20,770 --> 00:16:22,230
What do you got?
407
00:16:22,232 --> 00:16:25,952
I got ace-king.
408
00:16:25,945 --> 00:16:28,105
♪♪
409
00:17:03,313 --> 00:17:06,613
♪♪
410
00:17:06,606 --> 00:17:08,906
RUTH: My sister
called me today.
411
00:17:08,908 --> 00:17:10,148
Yeah?
412
00:17:10,150 --> 00:17:13,070
She and Bob
read that Barron's article,
413
00:17:13,073 --> 00:17:16,373
and they had all kinds
of questions about how --
414
00:17:16,366 --> 00:17:18,916
exactly how you handle
their money.
415
00:17:18,918 --> 00:17:20,248
And what did
you tell them?
416
00:17:20,250 --> 00:17:21,960
What -- What do you think
I told them?
417
00:17:21,961 --> 00:17:23,661
I told them
to call you.
418
00:17:23,663 --> 00:17:26,973
What the hell
do I know about it all?
419
00:17:26,966 --> 00:17:28,546
What are you drinking?
420
00:17:28,548 --> 00:17:30,758
This is
the '89 Château Latour
421
00:17:30,760 --> 00:17:32,840
that Carl gave us
for our anniversary.
422
00:17:32,842 --> 00:17:34,842
It's so delicious.
423
00:17:34,844 --> 00:17:36,024
Get a glass.
424
00:17:36,015 --> 00:17:38,055
He said that you should
only wait 10 years
425
00:17:38,057 --> 00:17:39,517
and then drink it.
426
00:17:39,519 --> 00:17:41,309
[ Sighs ] So...
427
00:17:41,311 --> 00:17:43,811
is that
what you really told them?
428
00:17:43,813 --> 00:17:46,153
To -- To call me?
429
00:17:46,146 --> 00:17:47,396
No.
430
00:17:47,397 --> 00:17:50,987
I told them that if they had
any doubts about my husband,
431
00:17:50,990 --> 00:17:52,820
they -- they
should feel free
432
00:17:52,822 --> 00:17:54,402
to take their money
out of the fund
433
00:17:54,404 --> 00:17:56,544
and go back to life
before you came along
434
00:17:56,536 --> 00:17:57,656
and made them rich --
435
00:17:57,657 --> 00:18:01,497
richer than
they ever dreamed possible.
436
00:18:10,550 --> 00:18:13,010
You're the best.
437
00:18:13,012 --> 00:18:14,472
No, you are.
438
00:18:19,889 --> 00:18:21,599
Bernie, I'm sorry
to impose again.
439
00:18:21,601 --> 00:18:24,311
No, no, no, no.
No apology necessary.
440
00:18:24,314 --> 00:18:26,114
If I saw an article
like the one in Barron's,
441
00:18:26,105 --> 00:18:27,525
I'd have questions, too.
442
00:18:27,527 --> 00:18:30,857
You do know it's not us
who the need the assurance.
443
00:18:30,860 --> 00:18:34,190
It's just
a few squeaky-wheel clients...
444
00:18:34,194 --> 00:18:35,664
You might think
that the managers
445
00:18:35,655 --> 00:18:37,495
of one
of my biggest feeder funds
446
00:18:37,497 --> 00:18:40,907
were here because the Barron's
article had people talking.
447
00:18:40,910 --> 00:18:42,740
Of course,
you certainly don't need us
448
00:18:42,742 --> 00:18:44,832
to tell you
how tricky clients can be.
449
00:18:44,834 --> 00:18:46,304
Maybe it was the article.
450
00:18:46,296 --> 00:18:49,376
Or maybe it was just the little
voices in their heads
451
00:18:49,379 --> 00:18:53,129
worrying if my returns
were too good to be true.
452
00:18:53,132 --> 00:18:55,892
But obviously
we put a lot of stake
453
00:18:55,885 --> 00:18:58,385
in our reputation
for due diligence.
454
00:18:58,388 --> 00:19:02,638
So we really appreciate
you taking the time
455
00:19:02,642 --> 00:19:05,612
to lay it all out for us.
[ Chuckles ]
456
00:19:09,229 --> 00:19:11,819
This is Frank DiPascali,
457
00:19:11,821 --> 00:19:15,661
the Vice President of Systems
and Technology for our firm.
458
00:19:16,656 --> 00:19:19,486
How was the traffic
coming down 95?
459
00:19:19,489 --> 00:19:21,619
Not bad.
Merritt was pretty clear.
460
00:19:21,621 --> 00:19:25,381
Now, I assume the best place
to start is a walk-through
461
00:19:25,375 --> 00:19:27,545
of how we execute trades
on your behalf.
462
00:19:27,547 --> 00:19:29,667
Translation -- "I know
that you want some proof
463
00:19:29,669 --> 00:19:33,839
that the trades listed in those
monthly statements are legit."
464
00:19:33,843 --> 00:19:36,433
This software
is our direct link
465
00:19:36,426 --> 00:19:38,096
to the European
options markets,
466
00:19:38,097 --> 00:19:40,637
where we find
most of our counterparties.
467
00:19:40,640 --> 00:19:42,760
Now...
468
00:19:42,762 --> 00:19:46,612
let's buy
a hedge option on...
469
00:19:46,606 --> 00:19:48,726
I'll tell you what.
You choose it.
470
00:19:48,728 --> 00:19:51,188
AOL.
471
00:19:51,190 --> 00:19:53,310
AOL.
[ Keyboard clacking ]
472
00:20:00,119 --> 00:20:02,119
And there you go.
473
00:20:02,121 --> 00:20:04,161
This is a call option
from Germany.
474
00:20:04,163 --> 00:20:05,713
And if we want to put...
475
00:20:12,832 --> 00:20:14,292
Bingo.
476
00:20:14,294 --> 00:20:16,554
This one's from London.
477
00:20:16,546 --> 00:20:20,176
And there you have it.
The split strike is in place.
478
00:20:20,179 --> 00:20:24,009
Now let's go over
a few more of your positions.
479
00:20:24,013 --> 00:20:25,653
Oh, I don't know.
I think that's, um --
480
00:20:25,645 --> 00:20:28,015
that's probably sufficient,
right?
481
00:20:31,561 --> 00:20:33,061
What about the DTC?
482
00:20:33,062 --> 00:20:34,612
The Depository Trust Company.
483
00:20:34,614 --> 00:20:37,704
Aka the DTC.
484
00:20:37,697 --> 00:20:39,237
This is the clearinghouse
485
00:20:39,238 --> 00:20:42,908
that actually holds the stocks
that traders trade.
486
00:20:42,912 --> 00:20:46,502
Problem is, if you're not
actually buying a single stock
487
00:20:46,496 --> 00:20:47,666
for your investors...
488
00:20:47,667 --> 00:20:49,627
if you're just
taking their money
489
00:20:49,629 --> 00:20:52,499
and putting it into your own
Chase Manhattan bank account,
490
00:20:52,502 --> 00:20:56,342
your DTC is the one place
that it would show up
491
00:20:56,336 --> 00:20:58,176
like an elephant
at a tea party.
492
00:20:58,177 --> 00:21:01,177
Sure.
493
00:21:01,180 --> 00:21:05,560
Jut give me a sec, and
I'll pull up the feed to DTC.
494
00:21:05,555 --> 00:21:07,685
[ Keyboard clacking ]
495
00:21:16,526 --> 00:21:19,486
And there you go.
496
00:21:19,489 --> 00:21:21,199
Frank, you beautiful man.
497
00:21:21,200 --> 00:21:25,110
You created
an entire fake DTC portal.
498
00:21:25,114 --> 00:21:28,754
Well [Sighs]
I guess that's a wrap.
499
00:21:28,748 --> 00:21:30,168
Thank you, Bernie.
BERNIE: Thanks.
500
00:21:30,169 --> 00:21:32,169
-Frank, nice to meet you.
-You too.
501
00:21:32,171 --> 00:21:33,371
-Thanks.
-Thanks.
502
00:21:33,373 --> 00:21:34,833
-Nice job.
-Thanks.
503
00:21:40,179 --> 00:21:42,759
You want to know
what the best thing is?
504
00:21:42,762 --> 00:21:46,192
My DTC portal looks
more real than the real one.
505
00:21:46,185 --> 00:21:48,425
[ Both laugh ]
506
00:21:48,428 --> 00:21:49,558
This...
507
00:21:49,559 --> 00:21:50,849
This is a Rembrandt.
508
00:21:50,850 --> 00:21:52,020
[ Laughs ]
509
00:21:54,894 --> 00:21:56,994
New York...
510
00:21:56,986 --> 00:21:59,816
didn't find it actionable?
511
00:21:59,819 --> 00:22:02,239
How can that be?
512
00:22:02,241 --> 00:22:04,201
It's right there
in Barron's!
513
00:22:04,203 --> 00:22:05,663
Are they not able to read?
514
00:22:05,655 --> 00:22:07,325
Harry, you --
you got to understand.
515
00:22:07,326 --> 00:22:10,406
The SEC only has
180 investigative agents.
516
00:22:10,410 --> 00:22:13,160
We're supposed to police
$12.7 trillion
517
00:22:13,162 --> 00:22:14,872
trading hands
on Wall Street every year.
518
00:22:14,874 --> 00:22:17,514
Yes.
I mean, i-it's not
a vast conspiracy, Harry.
519
00:22:17,507 --> 00:22:21,007
We're just outgunned.
This -- This
is Bernard Madoff...
520
00:22:21,010 --> 00:22:25,640
who manages $18 billion
to $24 billion.
521
00:22:25,635 --> 00:22:30,015
Until this article, 175
of your 180 enforcement agents
522
00:22:30,019 --> 00:22:31,179
have never heard of him.
523
00:22:31,180 --> 00:22:34,810
[ Laughing ]
That is not outgunned, Ed.
524
00:22:35,935 --> 00:22:37,935
That is simply inept.
525
00:22:37,937 --> 00:22:38,977
[ Sighs ]
526
00:22:38,978 --> 00:22:40,478
You want to see action
on this?
527
00:22:40,480 --> 00:22:42,530
Your only hope
is to get Meaghan Cheung
528
00:22:42,532 --> 00:22:45,952
of the SEC in New York
to sit up and pay attention.
529
00:22:45,945 --> 00:22:47,825
And the only way
you can do that, Harry,
530
00:22:47,827 --> 00:22:49,947
is to avoid shooting yourself
in the foot
531
00:22:49,949 --> 00:22:51,869
with all that
quantitative analysis.
532
00:22:51,871 --> 00:22:53,121
I mean,
you got to make it simple.
533
00:22:53,122 --> 00:22:54,332
You got to make it
so simple
534
00:22:54,333 --> 00:22:57,593
that a second-grader
can understand it.
535
00:22:59,669 --> 00:23:00,999
[ Knock on door ]
536
00:23:01,000 --> 00:23:02,800
Hey, Bernie,
you got a sec?
537
00:23:02,802 --> 00:23:04,342
Mm-hmm.
538
00:23:04,343 --> 00:23:06,313
Well, I just noticed
that my paycheck
539
00:23:06,305 --> 00:23:08,465
was 25% bigger
this pay period.
540
00:23:08,468 --> 00:23:11,348
And you wanted me
to knock it down?
541
00:23:11,350 --> 00:23:12,970
No, of course not.
I just...
542
00:23:12,972 --> 00:23:15,612
I just thought maybe there was
some kind of mistake.
543
00:23:15,605 --> 00:23:17,475
Well, it was a mistake.
544
00:23:17,477 --> 00:23:20,517
I realized that you
are raising two children
545
00:23:20,520 --> 00:23:22,280
and I wasn't
paying you enough.
546
00:23:22,281 --> 00:23:24,321
So it was my mistake.
547
00:23:24,323 --> 00:23:26,413
Thank you.
548
00:23:26,405 --> 00:23:27,615
Thank you very much.
549
00:23:27,617 --> 00:23:28,907
You're welcome.
550
00:23:28,908 --> 00:23:30,118
I want you to know
how proud I am
551
00:23:30,119 --> 00:23:33,159
to work here
for someone as kind as you.
552
00:23:33,162 --> 00:23:34,492
Thank you.
553
00:23:36,295 --> 00:23:38,495
Eleanor,
could you do me a favor?
554
00:23:38,498 --> 00:23:40,338
Would you mind, um...
555
00:23:40,339 --> 00:23:44,459
saying all those nice things
about me again?
556
00:23:46,756 --> 00:23:49,306
All right.
557
00:23:49,308 --> 00:23:52,388
I just want you to know
how proud I am
558
00:23:52,391 --> 00:23:56,691
to work for someone so kind,
so generous,
559
00:23:56,686 --> 00:23:59,186
so sweet...
560
00:23:59,188 --> 00:24:00,648
so handsome...
561
00:24:00,650 --> 00:24:01,650
[ Chuckles ]
562
00:24:01,651 --> 00:24:03,191
...and so funny.
563
00:24:03,192 --> 00:24:05,532
[ Laughs ]
564
00:24:05,525 --> 00:24:07,065
So, thank you.
565
00:24:07,066 --> 00:24:09,156
HARRY:
"I am the original source
566
00:24:09,158 --> 00:24:10,868
for the information
presented here
567
00:24:10,870 --> 00:24:13,030
and having first presented
my rationale
568
00:24:13,032 --> 00:24:14,492
both verbally and in writing
569
00:24:14,494 --> 00:24:17,964
to the SEC's Boston office
in May 1999.
570
00:24:17,957 --> 00:24:19,917
There are two possible scenarios
571
00:24:19,919 --> 00:24:22,579
that involve fraud
by Madoff Securities.
572
00:24:22,582 --> 00:24:24,342
Scenario 1, unlikely --
573
00:24:24,343 --> 00:24:26,973
Bernard Madoff is earning
those returns by front running,
574
00:24:26,966 --> 00:24:29,176
buying in
ahead of his own clients.
575
00:24:29,178 --> 00:24:31,468
Scenario 2, highly likely --
576
00:24:31,470 --> 00:24:35,690
Madoff Securities is the world's
largest Ponzi scheme."
577
00:24:35,685 --> 00:24:38,515
♪♪
578
00:24:38,518 --> 00:24:39,688
Harry Markopolos.
579
00:24:39,689 --> 00:24:41,649
I had a 10:15
with Meaghan Cheung.
580
00:24:41,651 --> 00:24:42,731
Okay.
581
00:24:42,732 --> 00:24:45,482
I'll let her know
you're here.
582
00:24:45,484 --> 00:24:46,744
I'll...
583
00:24:46,736 --> 00:24:49,316
[ Telephone rings ]
584
00:24:55,164 --> 00:24:57,884
♪♪
585
00:25:12,511 --> 00:25:14,801
[ Telephone rings ]
586
00:25:14,804 --> 00:25:16,564
Meaghan Cheung's office.
587
00:25:16,556 --> 00:25:18,096
Yes, ma'am.
588
00:25:18,097 --> 00:25:20,057
I'll let him know.
589
00:25:20,059 --> 00:25:21,479
Mr. Mark-opolos?
590
00:25:21,480 --> 00:25:24,020
Marko-polos.
Thank you.
I'm sorry.
591
00:25:24,023 --> 00:25:25,193
Mrs. Cheung
just called to say
592
00:25:25,194 --> 00:25:26,654
that she won't be back in
this afternoon.
593
00:25:26,646 --> 00:25:29,486
She'll have to cancel
your meeting.
594
00:25:29,488 --> 00:25:31,648
[ Sighs ]
595
00:25:31,651 --> 00:25:34,281
Is there a message
I could leave for her?
596
00:25:40,159 --> 00:25:41,789
Just make sure
she gets that.
597
00:25:49,258 --> 00:25:52,428
[ Keyboard clacking,
telephone rings ]
598
00:25:52,431 --> 00:25:55,341
Hey. Bernie.
I'm just finishing up here.
599
00:25:55,344 --> 00:25:57,184
I'm getting ready to take
the boat down to the shore.
600
00:25:57,176 --> 00:26:00,096
BERNIE: You're gonna have
to cancel your vacation, Frank.
601
00:26:00,099 --> 00:26:02,019
We're getting audited.
602
00:26:07,566 --> 00:26:10,446
When the SEC audits you,
they don't call you in.
603
00:26:10,449 --> 00:26:12,449
They come to you.
604
00:26:14,864 --> 00:26:17,664
They set up shop
inside your firm.
605
00:26:17,657 --> 00:26:19,787
For weeks.
For months.
606
00:26:19,789 --> 00:26:22,659
As long as they want.
607
00:26:22,662 --> 00:26:24,832
Are those chairs
comfortable?
608
00:26:24,834 --> 00:26:26,174
They are.
609
00:26:26,165 --> 00:26:28,205
They look -- They don't
look very comfortable.
610
00:26:28,207 --> 00:26:32,047
We have other, uh,
ergonomically correct chairs.
611
00:26:33,422 --> 00:26:36,272
Could we bring in
those -- those other chairs?
612
00:26:36,265 --> 00:26:37,515
One second.
613
00:26:37,516 --> 00:26:40,016
[ Indistinct conversation ]
614
00:26:40,019 --> 00:26:42,139
So, my plan was simple --
615
00:26:42,141 --> 00:26:44,181
keep them isolated...
616
00:26:44,183 --> 00:26:47,363
keep them captive.
617
00:26:47,356 --> 00:26:50,856
Let Frank bury them
in fake paperwork.
618
00:26:50,860 --> 00:26:52,730
BERNIE: I'm sorry.
619
00:26:52,732 --> 00:26:54,032
I-I thought
they were bringing in
620
00:26:54,033 --> 00:26:55,363
something to eat
for you guys.
621
00:26:55,364 --> 00:26:57,624
Make the captivity pleasant.
622
00:26:57,616 --> 00:26:59,196
These are great,
by the way.
623
00:26:59,198 --> 00:27:01,578
They're the only doughnut
I ever eat.
624
00:27:02,621 --> 00:27:04,701
There you go.
Here's some coffee.
625
00:27:04,704 --> 00:27:06,254
MAN: I don't mean to put
you out. Do you have any cream?
626
00:27:06,245 --> 00:27:10,335
Yeah. Could we have some cream,
please, with the coffee?
627
00:27:10,339 --> 00:27:12,249
-It's a not huge deal.
-No, no, no.
628
00:27:12,251 --> 00:27:14,091
And when they least expect it,
629
00:27:14,093 --> 00:27:17,973
mix in a little good,
old-fashioned bullying.
630
00:27:18,888 --> 00:27:21,518
How long are you people
gonna be here, huh?!
631
00:27:23,102 --> 00:27:25,602
I need the room!
632
00:27:26,976 --> 00:27:30,026
But that's all just cover
for the key ingredient --
633
00:27:30,029 --> 00:27:31,319
misdirection.
634
00:27:31,320 --> 00:27:32,860
Hey.
635
00:27:32,862 --> 00:27:35,992
You find any
of that insider-trading stuff?
636
00:27:35,985 --> 00:27:37,535
[ Laughs ]
637
00:27:39,198 --> 00:27:43,038
♪♪
638
00:27:43,042 --> 00:27:44,332
Ah.
Hey, Eleanor.
639
00:27:44,333 --> 00:27:46,003
I'm gonna need
that 1991 filing.
640
00:27:45,995 --> 00:27:47,165
Sure thing.
641
00:27:47,166 --> 00:27:48,586
Thank you.
642
00:27:49,749 --> 00:27:50,919
Hey, Bernie.
643
00:27:50,920 --> 00:27:52,550
They're asking
for the 1991 filing.
644
00:27:52,551 --> 00:27:53,591
What should I send her?
645
00:27:53,592 --> 00:27:55,672
I'll take it.
646
00:27:55,674 --> 00:27:57,854
[ Dialing ]
647
00:27:57,847 --> 00:27:59,297
Frank.
648
00:27:59,298 --> 00:28:02,058
♪♪
649
00:28:02,061 --> 00:28:03,181
All right.
How they looking?
650
00:28:03,182 --> 00:28:04,722
I think
that looks really good.
651
00:28:04,724 --> 00:28:05,984
Are you stupid, Jodi?
652
00:28:05,975 --> 00:28:07,305
They're supposed
to look 15 years old.
653
00:28:07,306 --> 00:28:08,356
What's the matter
with you?
654
00:28:08,357 --> 00:28:09,397
Danny!
[ Sighs ]
655
00:28:12,481 --> 00:28:14,481
Come on, come on, come on.
656
00:28:19,198 --> 00:28:20,738
That's the way you do it.
657
00:28:24,994 --> 00:28:27,504
Get a little bit of this
on here.
658
00:28:27,496 --> 00:28:29,456
Okay.
659
00:28:29,458 --> 00:28:31,458
All right, put it in the box
for everything up on 19.
660
00:28:31,460 --> 00:28:33,420
And make sure
that Eleanor sees it.
661
00:28:33,422 --> 00:28:34,462
Yeah, absolutely.
662
00:28:41,510 --> 00:28:43,800
Well, looks like
all of it.
663
00:28:43,803 --> 00:28:45,223
That should do it
for us.
664
00:28:45,224 --> 00:28:46,314
Well...
665
00:28:46,305 --> 00:28:48,055
it's about
damn time, too.
666
00:28:48,057 --> 00:28:49,977
[ Laughs mockingly ]
That's all right.
667
00:28:49,979 --> 00:28:51,149
You three are okay.
668
00:28:51,150 --> 00:28:53,270
You just got crappy jobs.
669
00:28:53,272 --> 00:28:55,782
Why, thank you very much.
[ Laughs ]
670
00:28:55,775 --> 00:28:57,655
Well, uh, once we turn
everything in,
671
00:28:57,656 --> 00:28:59,446
the higher-ups will be
in touch about an interview,
672
00:28:59,448 --> 00:29:01,028
and that will be that.
673
00:29:01,030 --> 00:29:02,660
Interview with?
674
00:29:02,661 --> 00:29:05,281
With -- Oh.
With our boss, David Green.
675
00:29:05,284 --> 00:29:06,754
It's pretty much
just a formality.
676
00:29:06,745 --> 00:29:10,035
Okay.
Well, anything they need.
677
00:29:10,039 --> 00:29:11,959
All right.
Get back
to your crappy lives.
678
00:29:11,961 --> 00:29:13,291
[ Laughs ]
Why, thank you.
679
00:29:13,292 --> 00:29:16,472
Take care.
And if you do need anything,
I'll be here.
680
00:29:19,929 --> 00:29:21,969
♪♪
681
00:29:21,971 --> 00:29:23,511
A formality.
682
00:29:23,512 --> 00:29:28,442
That's what Agent Jamison
had called the SEC interview.
683
00:29:28,437 --> 00:29:29,687
No.
684
00:29:29,688 --> 00:29:30,978
This was more than that.
685
00:29:30,980 --> 00:29:33,150
They were asking
all kinds of questions.
686
00:29:33,152 --> 00:29:35,272
Was -- Was this common
practice at that time?
687
00:29:35,274 --> 00:29:38,034
Ones that I hadn't anticipated.
688
00:29:38,027 --> 00:29:41,857
This was gonna be
more than just a formality.
689
00:29:41,861 --> 00:29:45,961
The SEC wasn't gonna let this
investigation go so easily.
690
00:29:45,955 --> 00:29:49,205
I know that I am guilty.
691
00:29:49,208 --> 00:29:52,998
And I broke the law.
692
00:29:53,002 --> 00:29:57,012
And I never registered
as an investment adviser.
693
00:29:57,006 --> 00:29:59,506
Why don't we do
what I came to do today
694
00:29:59,508 --> 00:30:02,048
and finally register
as an investment adviser,
695
00:30:02,051 --> 00:30:05,761
and you can name the penalties,
and I will pay them?
696
00:30:05,764 --> 00:30:07,894
This was a chance
to close the deal.
697
00:30:07,887 --> 00:30:11,477
Throw the SEC the crumb they
could use to claim victory.
698
00:30:11,480 --> 00:30:13,770
Surrender a meaningless battle,
699
00:30:13,772 --> 00:30:15,642
and they forget
all about the war.
700
00:30:15,644 --> 00:30:17,324
GREEN: Well, that's a --
a great relief
701
00:30:17,316 --> 00:30:18,646
to hear, Mr. Madoff.
702
00:30:18,647 --> 00:30:20,647
I think we can wrap this up
pretty quickly, then,
703
00:30:20,649 --> 00:30:22,489
unless anybody
has anything else.
704
00:30:22,491 --> 00:30:26,751
Oh, just one little housekeeping
item we never got around to.
705
00:30:26,745 --> 00:30:28,495
Yes, yes.
Go ahead, Tom.
706
00:30:28,497 --> 00:30:30,747
Your DTC account number?
707
00:30:30,749 --> 00:30:32,449
Crap!
708
00:30:32,451 --> 00:30:34,541
Frank's fake computer programs
709
00:30:34,543 --> 00:30:37,513
could fool the hedge funds,
but not the SEC.
710
00:30:37,506 --> 00:30:40,876
They could just call up DTC
and ask for a statement,
711
00:30:40,880 --> 00:30:42,880
and if I made up
a fake account number,
712
00:30:42,882 --> 00:30:44,552
they'd find out
the moment they called.
713
00:30:44,553 --> 00:30:47,143
My DTC account.
Yes, of course.
714
00:30:47,136 --> 00:30:49,056
Um...
715
00:30:49,058 --> 00:30:51,928
I, uh [Chuckles]
716
00:30:51,931 --> 00:30:54,231
That's not something
I carry around in my head.
717
00:30:54,233 --> 00:30:56,533
Uh, DTC.
718
00:30:56,525 --> 00:30:59,395
6594.
719
00:31:01,320 --> 00:31:03,360
And with those four numbers,
720
00:31:03,362 --> 00:31:05,482
I'd given them
the doomsday code.
721
00:31:05,484 --> 00:31:07,454
One call.
Okay.
722
00:31:07,446 --> 00:31:10,366
And I am dead.
723
00:31:10,369 --> 00:31:11,539
Thank you.
724
00:31:14,253 --> 00:31:16,713
40 years
of keeping the music playing,
725
00:31:16,705 --> 00:31:20,755
and on Monday morning,
the SEC was gonna call the DTC
726
00:31:20,759 --> 00:31:23,549
and discover
there wasn't a single stock
727
00:31:23,552 --> 00:31:26,472
for a single investor
in the Madoff account.
728
00:31:26,465 --> 00:31:28,885
RUTH: Bern, coffee.
729
00:31:28,887 --> 00:31:30,347
Bernie?
730
00:31:30,349 --> 00:31:31,679
Hey, Bern!
731
00:31:32,891 --> 00:31:35,011
You change your name
and forget to tell me?
732
00:31:36,145 --> 00:31:39,895
Every day,
I waited for the ax to fall.
733
00:31:43,612 --> 00:31:47,162
Two days, three days,
four days, five days.
734
00:31:47,156 --> 00:31:49,616
A full week since the SEC
735
00:31:49,618 --> 00:31:53,618
had asked
for my DTC account number.
736
00:31:53,622 --> 00:31:54,992
What's the matter?
737
00:31:54,994 --> 00:31:57,754
[ Breathes deeply ]
Nothing.
738
00:31:57,746 --> 00:31:59,586
Nothing.
739
00:32:02,541 --> 00:32:06,141
Were they preparing to arrest
me in full view of the world?
740
00:32:06,135 --> 00:32:07,505
Show up at the office
741
00:32:07,506 --> 00:32:10,346
and make me do the perp walk
in front of the cameras?
742
00:32:10,349 --> 00:32:12,969
Where the hell were they?
743
00:32:12,972 --> 00:32:14,512
[ Knock on door ]
744
00:32:14,513 --> 00:32:15,723
Hey, Dad.
You have a minute?
745
00:32:17,356 --> 00:32:18,476
[ Door closes ]
746
00:32:18,477 --> 00:32:21,647
So, I, uh...
747
00:32:21,650 --> 00:32:24,320
I wanted to tell you this first
because, um...
748
00:32:24,323 --> 00:32:28,493
because I'm not exactly sure
how -- how Mom's gonna react.
749
00:32:28,487 --> 00:32:30,157
Okay.
750
00:32:30,159 --> 00:32:31,909
I'm gonna ask Steph
to marry me.
751
00:32:34,373 --> 00:32:37,003
Don't -- Don't rush to say
"mazel tov" or anything.
752
00:32:36,996 --> 00:32:38,626
No. [ Laughs ]
753
00:32:38,627 --> 00:32:40,077
Oh, Mark.
I'm sorry, I'm sorry.
754
00:32:40,079 --> 00:32:41,749
My head was --
I'm really sorry.
755
00:32:41,750 --> 00:32:44,000
Um, she's a fabulous girl.
756
00:32:44,003 --> 00:32:45,713
She is.
Yeah. Really.
757
00:32:45,714 --> 00:32:47,394
It's gonna be great
to have her finally
758
00:32:47,386 --> 00:32:49,046
as part of the family.
759
00:32:49,048 --> 00:32:50,178
Absolutely.
760
00:32:50,179 --> 00:32:53,549
And I will welcome her
with open arms.
761
00:32:53,552 --> 00:32:55,552
Great.
[ Chuckles ]
762
00:32:57,226 --> 00:32:58,856
Look,
while I have you here,
763
00:32:58,857 --> 00:33:01,017
can we talk business
for a minute?
764
00:33:01,020 --> 00:33:02,650
Yeah.
What's on your mind?
765
00:33:10,319 --> 00:33:13,069
[ Sighs ]
766
00:33:15,204 --> 00:33:19,004
Look. [ Chuckles ]
767
00:33:18,997 --> 00:33:21,207
You built this.
768
00:33:21,210 --> 00:33:23,620
No one disputes that.
769
00:33:23,622 --> 00:33:27,592
It's your hard work and stature
that made this place.
770
00:33:27,586 --> 00:33:29,296
But?
771
00:33:29,298 --> 00:33:31,758
But we all run it
together now.
772
00:33:31,760 --> 00:33:33,760
As a family.
773
00:33:33,762 --> 00:33:37,402
Now, if you're not
gonna involve me and Andy
774
00:33:37,396 --> 00:33:39,726
in the money-management side
of things.
775
00:33:39,728 --> 00:33:40,938
Yet, yet.
That's fine.
776
00:33:40,939 --> 00:33:43,559
But Uncle Peter
and Andy and I --
777
00:33:43,562 --> 00:33:45,982
We run the other half
of the business.
778
00:33:45,984 --> 00:33:49,324
Your point being?
779
00:33:49,318 --> 00:33:52,318
I think
we should change the name.
780
00:33:52,321 --> 00:33:54,571
It should be
Madoff Investment Securities.
781
00:33:54,573 --> 00:33:56,963
Wait.
782
00:33:56,955 --> 00:34:00,615
You want me to take my name
off the company that I built?
783
00:34:00,619 --> 00:34:02,829
No.
I want you to include ours.
784
00:34:02,831 --> 00:34:05,041
Where did you get this?
Huh?
785
00:34:05,043 --> 00:34:06,723
From her? Huh?
Are you kidding?
786
00:34:06,715 --> 00:34:08,925
I just want to know.
I think --
Are you kidding?
787
00:34:08,927 --> 00:34:10,507
Because you better get
a strong pre-nup.
788
00:34:10,509 --> 00:34:12,259
Go to hell,
you son of a bitch!
789
00:34:14,012 --> 00:34:15,012
You will never,
790
00:34:15,013 --> 00:34:17,813
ever be old enough
791
00:34:17,806 --> 00:34:19,556
to say "go to hell"
to your father.
792
00:34:19,558 --> 00:34:22,438
Never.
793
00:34:24,273 --> 00:34:28,113
Do you have any idea
of the weight that I carry
794
00:34:28,107 --> 00:34:30,237
to keep
all of this afloat, huh?
795
00:34:30,239 --> 00:34:32,149
Did --
Did it ever occur to you
796
00:34:32,151 --> 00:34:33,951
that -- that --
that what I'm doing here
797
00:34:33,952 --> 00:34:35,112
is -- is to protect you?
798
00:34:35,114 --> 00:34:36,834
I don't need you
to protect me.
799
00:34:36,825 --> 00:34:39,495
I need you
to let me be my own man.
800
00:34:39,498 --> 00:34:41,748
In time, you'll understand!
801
00:34:42,621 --> 00:34:44,411
[ Scoffs ]
802
00:34:50,209 --> 00:34:52,839
In time...
803
00:34:52,841 --> 00:34:55,171
you'll understand.
804
00:34:57,846 --> 00:35:01,136
[ Sighs ]
805
00:35:05,934 --> 00:35:08,444
♪♪
806
00:35:10,819 --> 00:35:13,989
[ Door opens ]
807
00:35:13,992 --> 00:35:15,942
[ Door closes ]
808
00:35:23,872 --> 00:35:26,842
♪♪
809
00:35:42,391 --> 00:35:45,101
Hey.
810
00:35:45,103 --> 00:35:46,233
RUTH: Sweetheart.
811
00:35:46,225 --> 00:35:48,725
What?
What's going on?
812
00:35:51,069 --> 00:35:52,479
What is it?
813
00:35:59,198 --> 00:36:00,988
You're sick, aren't you?
814
00:36:00,989 --> 00:36:03,699
Mantle cell lymphoma.
Oh!
815
00:36:03,702 --> 00:36:04,952
It's okay.
No.
816
00:36:04,953 --> 00:36:06,383
I-I feel completely fine.
817
00:36:06,375 --> 00:36:08,165
What does that mean?
It's in the blood.
818
00:36:08,166 --> 00:36:10,166
Oh, God.
But we caught it early,
819
00:36:10,168 --> 00:36:11,708
so I'm better off
than most.
820
00:36:11,710 --> 00:36:13,170
What are
the survival rates?
821
00:36:13,171 --> 00:36:14,671
Oh, you would have
to ask --
Oh.
822
00:36:14,673 --> 00:36:15,463
Oh, stop it!
823
00:36:15,464 --> 00:36:17,264
[ Sighs ]
824
00:36:17,256 --> 00:36:19,216
It's 50-50, roughly.
825
00:36:19,218 --> 00:36:21,298
There hasn't been
much research on it.
826
00:36:21,300 --> 00:36:22,680
Well, we can change that.
827
00:36:22,681 --> 00:36:24,761
Every hospital,
828
00:36:24,763 --> 00:36:28,733
every organization,
every study --
829
00:36:28,727 --> 00:36:30,567
I'll fund that.
830
00:36:32,481 --> 00:36:34,441
[ Clears throat ]
831
00:36:42,991 --> 00:36:44,991
Ruth.
832
00:36:44,993 --> 00:36:46,753
Ruth...
833
00:36:46,745 --> 00:36:49,125
I need you
to pull it together.
834
00:36:49,127 --> 00:36:51,167
Oh, you do, do you?
Yes.
835
00:36:51,169 --> 00:36:52,329
And why is that?
836
00:36:52,331 --> 00:36:53,961
You don't want to be happy,
okay.
837
00:36:53,962 --> 00:36:55,832
But at least,
for crying out loud,
838
00:36:55,834 --> 00:36:57,844
put on a good face,
will you?
839
00:36:57,836 --> 00:36:59,096
What we're going through
with Andy --
840
00:36:59,097 --> 00:37:00,637
what I'm going through --
841
00:37:00,639 --> 00:37:02,929
I'm entitled
to take a day off
842
00:37:02,931 --> 00:37:05,341
from the bubbly
socialite crap.
843
00:37:05,344 --> 00:37:07,234
You know,
this is not about Andy.
844
00:37:07,225 --> 00:37:09,895
This is
Shana's wedding night.
845
00:37:09,898 --> 00:37:12,228
And Andy's getting the best
treatment money can buy.
846
00:37:12,230 --> 00:37:13,270
Money?!
847
00:37:13,272 --> 00:37:15,812
You can't throw money
at this!
848
00:37:15,814 --> 00:37:18,664
What he needs is
his father's love for a change,
849
00:37:18,657 --> 00:37:20,317
not his checkbook.
850
00:37:20,319 --> 00:37:23,489
It's his turn to be
the center of attention.
851
00:37:23,492 --> 00:37:25,362
You know,
this is your guilt.
852
00:37:25,364 --> 00:37:26,634
It isn't mine.
853
00:37:26,625 --> 00:37:28,745
I treat
both my boys equally.
854
00:37:28,747 --> 00:37:30,707
How dare you?
855
00:37:30,709 --> 00:37:32,629
You think
that it's -- it's Mark
856
00:37:32,631 --> 00:37:34,131
that's taken
all my attention?
857
00:37:34,132 --> 00:37:35,292
Neither of the boys
858
00:37:35,294 --> 00:37:37,724
have taken half as much
out of me as you!
859
00:37:37,716 --> 00:37:41,176
I'm just telling you --
860
00:37:41,179 --> 00:37:43,219
You better go easy
on the open bar tonight.
861
00:37:43,221 --> 00:37:45,471
Yeah, yeah, well,
I'll just do damn well
862
00:37:45,474 --> 00:37:49,104
whatever I please, okay?
863
00:37:49,097 --> 00:37:52,647
♪ Hava nagila ♪
864
00:37:52,651 --> 00:37:55,061
♪ Hava nagila ♪
865
00:37:55,063 --> 00:37:58,953
♪ Hava nagila ve-nis'mecha ♪
866
00:37:58,947 --> 00:38:00,657
♪ Hava nagila ♪
867
00:38:00,659 --> 00:38:02,859
♪ Hava nagila ♪
868
00:38:02,861 --> 00:38:05,161
Shana's wedding
was gonna be strange
869
00:38:05,163 --> 00:38:06,753
no matter how you cut it.
870
00:38:06,745 --> 00:38:08,165
Father of the bride...
I'm so proud of you.
871
00:38:08,166 --> 00:38:10,116
...too consumed
with care of his sick son.
872
00:38:10,118 --> 00:38:13,408
Not just today,
but on all days.
873
00:38:13,412 --> 00:38:17,922
Mark parading around a fiancée
who looked like a Barbie doll.
874
00:38:17,916 --> 00:38:20,626
Andrew with
his brand-new shiksa goddess,
875
00:38:20,629 --> 00:38:22,679
acting like cancer
was the best thing
876
00:38:22,681 --> 00:38:24,551
that ever happened to him.
877
00:38:24,553 --> 00:38:26,263
And then there was Ruth --
878
00:38:26,264 --> 00:38:29,104
furious with the world
about Andrew's cancer
879
00:38:29,097 --> 00:38:31,097
and taking it out on me.
880
00:38:31,099 --> 00:38:35,479
Like I said, Shana's wedding
was already gonna be strange.
881
00:38:35,484 --> 00:38:38,994
But when you factor in
who she was marrying --
882
00:38:38,987 --> 00:38:41,607
one of the very same
SEC lawyers
883
00:38:41,610 --> 00:38:45,610
who'd been involved
with investigating me --
884
00:38:45,614 --> 00:38:48,334
it was like welcoming
the executioners
885
00:38:48,326 --> 00:38:51,946
with the ax over my head
as guests in my home.
886
00:38:51,950 --> 00:38:53,660
♪ Hava nagila ♪
887
00:38:53,662 --> 00:38:56,082
♪ Hava nagila ♪
888
00:38:56,084 --> 00:38:59,804
♪ Hava nagila ve-nis'mecha ♪
889
00:38:59,798 --> 00:39:01,628
♪ Hava nagila ♪
890
00:39:01,630 --> 00:39:02,630
♪ Hava nagila ♪
891
00:39:02,631 --> 00:39:04,171
And that's when it hit me.
892
00:39:04,172 --> 00:39:08,392
This was the moment
the SEC had been waiting for.
893
00:39:08,387 --> 00:39:11,137
The most dramatic
and humiliating moment
894
00:39:11,139 --> 00:39:15,389
they could choose
to take me down --
895
00:39:15,394 --> 00:39:17,824
at my own niece's wedding.
896
00:39:17,816 --> 00:39:19,776
♪ Hava neranena venis'mecha ♪
897
00:39:19,778 --> 00:39:23,188
♪ Uru, uru, uru achim ♪
898
00:39:23,191 --> 00:39:24,821
♪ Uru achim belev same'ach ♪
899
00:39:24,823 --> 00:39:26,413
♪ Uru achim belev same'ach ♪
900
00:39:26,405 --> 00:39:28,155
♪ Uru achim belev same'ach ♪
901
00:39:28,156 --> 00:39:29,946
♪ Uru achim belev same'ach ♪
902
00:39:29,948 --> 00:39:32,078
♪ Uru achim ♪
903
00:39:32,080 --> 00:39:33,660
Mr. Madoff?
904
00:39:33,662 --> 00:39:35,702
Mr. Madoff.
Yeah. Yeah, yeah.
905
00:39:35,704 --> 00:39:37,464
David Green.
Yeah.
906
00:39:37,456 --> 00:39:40,296
The SEC lawyer.
907
00:39:40,298 --> 00:39:42,088
So, how's life?
908
00:39:42,090 --> 00:39:43,420
How do you mean?
909
00:39:43,422 --> 00:39:44,962
Life, um...
910
00:39:44,963 --> 00:39:48,513
Well, I think life's
a pretty funny business.
911
00:39:48,507 --> 00:39:51,267
I mean,
how things come together.
912
00:39:51,269 --> 00:39:54,719
You know --
people, timing...
913
00:39:54,723 --> 00:39:56,983
where and how things work.
914
00:40:03,862 --> 00:40:05,112
Okay.
915
00:40:05,113 --> 00:40:07,163
Look, uh...
916
00:40:09,027 --> 00:40:11,077
...I'm gonna go get
my wife.
917
00:40:11,079 --> 00:40:16,029
Unless you have
something else to tell me?
918
00:40:25,003 --> 00:40:27,813
Actually, I do.
919
00:40:32,100 --> 00:40:34,310
And that is?
920
00:40:34,312 --> 00:40:37,482
♪♪
921
00:40:51,069 --> 00:40:54,119
♪♪
64274
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