Searching for MADOFF Netflix series review? In the pilot, we learn about Madoff and his young wife Ruth’s beginnings in the stock market during the early 1960s, when they began trading over the counter. It also discusses his foray into the financial advice sector. He has a history of massive losses and borrowed money from his father-in-law to repay investors because he decided he’d rather lie than fail.
#1. MADOFF Netflix Series Review
But his consulting and real stock trading businesses flourished because of the tireless efforts of two accountants who were always looking for potential investors. From over-the-counter trading, where he helped pave the way for the creation of the Nasdaq index, to the role of stock market “market maker,” he has come full circle. With his innovative use of computers to facilitate faster transactions, he became an industry leader.
During and after the 1987 stock market meltdown known as “Black Monday,” his firm remained operational as a market maker. Even though he had achieved great success in the world of stocks, Madoff never really invested any of his own money but utilized the money he received from new investors to pay “returns” to his previous investors. He could repay his investors the hundreds of millions they had loaned him even after the accountants who had brought him the firm were caught by the SEC in 1992.
At that time, the SEC had already concluded its investigation into him due to his provision of false investment statements. The magnitude of Bernie Madoff’s Ponzi scheme and his ability to dupe so many investors remain mysteries to the general public.
Remember that Madoff preyed on a wide variety of people, from the former owners of the New York Mets to Florida, retirees who had put their faith in him. Madoff: The Monster of Wall Street performs a fantastic job of dissecting Madoff’s Ponzi scheme and illuminating his strategies for keeping the fraud going for so long. We can only pray that Berlinger didn’t stretch out the drama with pointless reenactments.
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In and of itself, Madoff’s narrative and the story of others who put their confidence in him are fascinating. After all, he rose to prominence in the financial world, but for reasons of pride, sociopathy, or a desire to avoid defeat, he believed it was worthwhile to maintain his Ponzi scheme for decades. The flip side of that coin is the investors who kept giving Madoff money despite red signs because of the reliable and substantial profits they were promised.
One of the specialists noted that greed was a driving force behind that part, even on a micro-scale. Especially from his trial until his deposition in prison, there is plenty of material from which to craft riveting graphics. However, the numerous reenactments diverted our attention, and the tale didn’t need much embellishment.
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