8/10
Class and money
2 February 2023
Bernie Madoff perpetrated one of the greatest frauds in history, but also one of the simplest: he simply pretended to have bought low and sold high, and with great reported profits nobody asked for their money back, at least not until the stock market crashed in 2008. This series describes him an a "monster", but I find it hard to hate him as much as the tech frauds: at least he wasn't claiming he could save the world. What's interesting is his ordinary origins (he was New York Jewish middle class, his right-hand man was Italian-American), and the sense to which the scam depended on affinity fraud (selling to people from his own background); the contrast with the Europeans he conned, old-money banking aristocracy, is striking. There are many remarkable details of this story, but like many Netflix documentaries it's slightly too long, with too many people commenting without adding that much information; no-one willing to confess to being aware of the fraud gives an interview (although there is film of Bernie himself claiming all responsibility).
4 out of 4 found this helpful. Was this review helpful? Sign in to vote.
Permalink

Recently Viewed