1 00:00:02,080 --> 00:00:04,019 They all ask the same question before they pull out... 2 00:00:04,020 --> 00:00:06,119 "How does Bernie make a profit 3 00:00:06,120 --> 00:00:09,219 when everyone else in the world is taking a bath?" 4 00:00:09,220 --> 00:00:12,009 Sign 'em where they're marked. 5 00:00:12,010 --> 00:00:13,179 Frank, these are from different years. 6 00:00:13,180 --> 00:00:14,229 You got questions, 7 00:00:14,230 --> 00:00:16,140 you should really take 'em up with your brother. 8 00:00:17,200 --> 00:00:19,139 I hope it's the right one. 9 00:00:19,140 --> 00:00:22,049 He's been buying me off my whole life. 10 00:00:22,050 --> 00:00:23,199 I'm making you CFO. 11 00:00:23,200 --> 00:00:25,089 It's just nothing... It's a title. 12 00:00:25,090 --> 00:00:27,179 Your father would do anything in the world for you and Andy. 13 00:00:27,180 --> 00:00:28,199 You know that. 14 00:00:28,200 --> 00:00:29,999 The Steiner brothers 15 00:00:30,000 --> 00:00:30,038 The Steiner brothers 16 00:00:30,039 --> 00:00:31,129 are withdrawing their money from the fund. 17 00:00:31,130 --> 00:00:34,069 You've always said that if I ever needed my money out, 18 00:00:34,070 --> 00:00:35,070 all I had to do was ask. 19 00:00:35,071 --> 00:00:36,099 Our investors... 20 00:00:36,100 --> 00:00:38,019 They've lost confidence in everything. 21 00:00:38,020 --> 00:00:39,099 You're gonna turn this around, Bernie, 22 00:00:39,100 --> 00:00:40,139 just like you always do. 23 00:00:40,140 --> 00:00:42,199 Fraud! Fraud! Fraud! 24 00:00:42,200 --> 00:00:45,099 I have something to tell you. 25 00:00:45,100 --> 00:00:48,130 Bank stocks were pummeled again today. 26 00:00:53,230 --> 00:00:55,099 The president, at a news conference, 27 00:00:55,100 --> 00:00:56,940 - tried today to... - Nightmare on Wall Street. 28 00:01:20,020 --> 00:01:21,080 It's over. 29 00:01:23,170 --> 00:01:25,080 I'm finished. 30 00:01:26,170 --> 00:01:27,199 What does that mean? 31 00:01:27,200 --> 00:01:29,999 I... There's nothing more. 32 00:01:30,000 --> 00:01:32,009 I... There's nothing more. 33 00:01:32,010 --> 00:01:33,129 Are... Are you talking about the business? 34 00:01:33,130 --> 00:01:35,079 Because the business has billions on the books, Dad. 35 00:01:35,080 --> 00:01:37,039 That's the books you read. 36 00:01:37,040 --> 00:01:38,999 They're not the real books. 37 00:01:39,000 --> 00:01:41,120 I... Ah! 38 00:01:43,020 --> 00:01:46,119 The trading company that you boys run... 39 00:01:46,120 --> 00:01:50,159 has been a loss for a long time. 40 00:01:50,160 --> 00:01:52,119 And I've been covering it 41 00:01:52,120 --> 00:01:55,109 with funds from the investment services. 42 00:01:55,110 --> 00:01:58,009 And the investment services is, uh... 43 00:01:58,010 --> 00:01:59,229 a lie. 44 00:01:59,230 --> 00:02:00,000 What are you talking about? What do you mean, a lie? 45 00:02:00,001 --> 00:02:03,099 What are you talking about? What do you mean, a lie? 46 00:02:03,100 --> 00:02:06,079 It's a Ponzi scheme. 47 00:02:06,080 --> 00:02:10,059 What does that mean, a Pon... A Ponzi scheme? 48 00:02:10,060 --> 00:02:11,159 Oh, my God. 49 00:02:11,160 --> 00:02:15,179 It means, Ruthie, that I have been doing things 50 00:02:15,180 --> 00:02:19,119 with other people's money that I shouldn't, 51 00:02:19,120 --> 00:02:22,170 and now it's all gone. 52 00:02:24,040 --> 00:02:25,089 Everything? 53 00:02:25,090 --> 00:02:27,189 There's a few hundred million 54 00:02:27,190 --> 00:02:29,999 that I want to distribute very carefully to people. 55 00:02:30,000 --> 00:02:32,109 That I want to distribute very carefully to people. 56 00:02:32,110 --> 00:02:35,159 But... and I need a week to do that. 57 00:02:35,160 --> 00:02:37,199 I need a week to 10 days. 58 00:02:37,200 --> 00:02:40,079 And then... 59 00:02:40,080 --> 00:02:41,199 I'm gonna turn myself in. 60 00:02:41,200 --> 00:02:46,160 And, Ruthie, they're gonna send me to jail. 61 00:02:48,130 --> 00:02:51,080 How much... How much did you lose? 62 00:02:53,230 --> 00:02:56,030 $50 billion. 63 00:02:58,220 --> 00:02:59,999 Oh! 64 00:03:00,000 --> 00:03:01,000 Oh! 65 00:03:03,150 --> 00:03:05,060 Mark, Mark! 66 00:03:22,180 --> 00:03:24,139 Mark, wait, stop. 67 00:03:24,140 --> 00:03:25,999 Breathe. It's okay. 68 00:03:26,000 --> 00:03:27,079 We need to see what we can do to help. 69 00:03:27,080 --> 00:03:28,109 We have to think this through. 70 00:03:28,110 --> 00:03:29,999 It might not even be real, what he's even saying. 71 00:03:30,000 --> 00:03:30,008 It might not even be real, what he's even saying. 72 00:03:30,009 --> 00:03:31,039 Why would he make it up, Andy? 73 00:03:31,040 --> 00:03:32,109 He's been acting incredibly strange at work. 74 00:03:32,110 --> 00:03:33,119 He's been lying on the floor. 75 00:03:33,120 --> 00:03:34,169 He can't answer a simple question. 76 00:03:34,170 --> 00:03:35,160 It might even be a brain tumor for all we know. 77 00:03:35,161 --> 00:03:36,189 Of course he's been acting strange. 78 00:03:36,190 --> 00:03:38,129 He's taken everybody for a $50 billion ride 79 00:03:38,130 --> 00:03:39,139 and crashed into a wall. 80 00:03:39,140 --> 00:03:41,219 Don't you see what's been going on, Andy? 81 00:03:41,220 --> 00:03:44,019 All the secrecy, promoting DiPascali? 82 00:03:44,020 --> 00:03:45,199 Keeping us out of the investment business? 83 00:03:45,200 --> 00:03:47,119 Where are you going? To find a lawyer. 84 00:03:47,120 --> 00:03:49,049 A lawyer? What, are you gonna walk around on the street 85 00:03:49,050 --> 00:03:50,199 and ask if they can represent you? Come on, man. 86 00:03:50,200 --> 00:03:52,119 Steph's uncle's got a law firm five blocks from here. 87 00:03:52,120 --> 00:03:54,049 I'll call him and have them meet us there. 88 00:03:54,050 --> 00:03:56,169 We're exposed, Andy. 89 00:03:56,170 --> 00:03:59,009 He's left us no choice. 90 00:03:59,010 --> 00:04:00,000 Let's go! 91 00:04:00,000 --> 00:04:01,000 Let's go! 92 00:04:04,080 --> 00:04:06,069 So, a couple of hundred million? 93 00:04:06,070 --> 00:04:07,159 What happens to that? 94 00:04:07,160 --> 00:04:10,049 I don't think we should go into the details right now. 95 00:04:10,050 --> 00:04:11,139 You said we had nothing left. 96 00:04:11,140 --> 00:04:13,109 What does... What does "nothing left" mean? 97 00:04:13,110 --> 00:04:15,159 Does it mean that we... That we downsize 98 00:04:15,160 --> 00:04:18,079 to a smaller apartment or sleep out on the street? 99 00:04:18,080 --> 00:04:20,089 Downsizing. 100 00:04:20,090 --> 00:04:21,159 Yeah. 101 00:04:21,160 --> 00:04:23,159 Yeah. 102 00:04:23,160 --> 00:04:25,229 Yeah, it's downsizing, all right. 103 00:04:25,230 --> 00:04:27,169 I don't... I don't understand this. 104 00:04:27,170 --> 00:04:28,189 You're not a criminal. 105 00:04:28,190 --> 00:04:29,999 Yes, Ruthie, I am a criminal. 106 00:04:30,000 --> 00:04:32,160 Yes, Ruthie, I am a criminal. 107 00:04:48,180 --> 00:04:51,039 A lot of you might not believe what you're seeing, 108 00:04:51,040 --> 00:04:52,229 but it's the truth. 109 00:04:52,230 --> 00:04:55,059 The night I confessed to Ruth and the boys 110 00:04:55,060 --> 00:04:58,119 was the same night as the company Christmas party, 111 00:04:58,120 --> 00:04:59,999 held as always at Rosa Mexicana, guacamole heaven. 112 00:05:00,000 --> 00:05:03,179 Held as always at Rosa Mexicana, guacamole heaven. 113 00:05:03,180 --> 00:05:07,129 Why? Why did I do that? 114 00:05:07,130 --> 00:05:10,999 I'd known these people for years, and all that time, 115 00:05:11,000 --> 00:05:12,159 they trusted me as the guy 116 00:05:12,160 --> 00:05:15,049 who knew what was best for everybody. 117 00:05:15,050 --> 00:05:16,189 Tonight was the last time 118 00:05:16,190 --> 00:05:19,170 I'd ever see them look at me like that again. 119 00:05:22,100 --> 00:05:23,209 This is $50 billion, you said, 120 00:05:23,210 --> 00:05:25,139 not million, but billion, with a "B"? 121 00:05:25,140 --> 00:05:26,149 Yes, sir. 122 00:05:26,150 --> 00:05:28,049 I've met your father, you know. 123 00:05:28,050 --> 00:05:29,159 More than once. 124 00:05:29,160 --> 00:05:30,000 My colleague has his retirement fund with him. 125 00:05:30,001 --> 00:05:32,069 My colleague has his retirement fund with him. 126 00:05:32,070 --> 00:05:34,040 Not anymore. 127 00:05:37,180 --> 00:05:39,049 Okay. 128 00:05:39,050 --> 00:05:42,109 Um... let me ask you, does your mother know that you're here? 129 00:05:42,110 --> 00:05:44,159 No. 130 00:05:44,160 --> 00:05:46,109 Ruth! 131 00:05:46,110 --> 00:05:47,139 Margarita? 132 00:05:47,140 --> 00:05:48,199 No, thanks. 133 00:05:48,200 --> 00:05:50,039 Yeah. 134 00:05:50,040 --> 00:05:51,169 Thanks. 135 00:05:51,170 --> 00:05:54,149 I haven't seen Andrew or Mark. They're coming, right? 136 00:05:54,150 --> 00:05:57,189 Yeah, they're just... they're just running a little behind. 137 00:05:57,190 --> 00:05:59,999 What is this? 138 00:06:00,000 --> 00:06:00,100 What is this? 139 00:06:00,101 --> 00:06:02,099 I have no idea. 140 00:06:02,100 --> 00:06:04,129 So you said that your father wants to wait a week 141 00:06:04,130 --> 00:06:07,009 before turning himself in to pay out the money that's left, 142 00:06:07,010 --> 00:06:09,069 is that right? Mm-hmm. 143 00:06:09,070 --> 00:06:11,149 It's not his to spend. It's stolen. 144 00:06:11,150 --> 00:06:14,219 If he plans to disperse any of it to anyone at all... 145 00:06:14,220 --> 00:06:18,079 Anyone... this is a crime that's currently in progress. 146 00:06:18,080 --> 00:06:20,009 Does that mean that we're guilty? 147 00:06:20,010 --> 00:06:22,109 It's my strong advice that we go to the authorities immediately. 148 00:06:22,110 --> 00:06:24,999 The SEC, the FBI, the U.S. attorney... 149 00:06:25,000 --> 00:06:29,000 If your father gives any of that money away, you are complicit. 150 00:06:35,160 --> 00:06:37,019 Hey, Bern. 151 00:06:37,020 --> 00:06:38,089 What is it that's so important 152 00:06:38,090 --> 00:06:40,099 you had to take me away from my favorite food? 153 00:06:40,100 --> 00:06:42,119 Peter, listen, uh, 154 00:06:42,120 --> 00:06:45,219 I have committed some irregularities with the company. 155 00:06:45,220 --> 00:06:47,119 Bernie, I've always known that certain things 156 00:06:47,120 --> 00:06:48,169 weren't completely on the level... 157 00:06:48,170 --> 00:06:50,199 No, no, no, no, no, no. You don't know that. 158 00:06:50,200 --> 00:06:52,079 That's what you don't know. 159 00:06:52,080 --> 00:06:55,059 You don't know that anything was off the level. 160 00:06:55,060 --> 00:06:57,209 You don't know that. Do you understand me? 161 00:06:57,210 --> 00:06:59,999 I need a week to take care of certain people, 162 00:07:00,000 --> 00:07:01,999 I need a week to take care of certain people, 163 00:07:02,000 --> 00:07:05,039 and then I have to turn myself in. 164 00:07:05,040 --> 00:07:07,129 And I'm gonna probably end up going to jail. 165 00:07:07,130 --> 00:07:10,039 Okay? 166 00:07:10,040 --> 00:07:11,110 Okay. 167 00:07:13,100 --> 00:07:14,100 All right. 168 00:07:14,101 --> 00:07:15,200 Don't go to jail. 169 00:07:22,230 --> 00:07:26,079 Oh, no, Peter, Peter, stop. Please, please. 170 00:07:26,080 --> 00:07:28,119 Don't. 171 00:07:28,120 --> 00:07:29,139 All right. 172 00:07:29,140 --> 00:07:30,000 I love you, Bernie. 173 00:07:30,000 --> 00:07:30,160 I love you, Bernie. 174 00:07:30,161 --> 00:07:31,999 I love you, too. 175 00:07:32,000 --> 00:07:33,100 Look... Go on, go on. 176 00:07:39,140 --> 00:07:42,069 These affidavits testify to the key points 177 00:07:42,070 --> 00:07:44,159 of what you've told us here tonight. 178 00:07:44,160 --> 00:07:47,209 All you have to do is sign. But don't do it lightly. 179 00:07:47,210 --> 00:07:49,189 Well, I just want to remind you 180 00:07:49,190 --> 00:07:52,099 that the reason my clients came forward tonight 181 00:07:52,100 --> 00:07:55,069 is because they are completely and totally innocent 182 00:07:55,070 --> 00:07:57,079 of any involvement in these crimes. 183 00:07:57,080 --> 00:07:59,219 Understood. But please remember, 184 00:07:59,220 --> 00:08:00,000 once you sign, there's no going back. 185 00:08:00,001 --> 00:08:02,209 Once you sign, there's no going back. 186 00:08:02,210 --> 00:08:04,039 These are sworn statements 187 00:08:04,040 --> 00:08:06,219 that can be used against your father in a court of law. 188 00:08:06,220 --> 00:08:08,119 Sign that. This is for you, Andy. 189 00:08:08,120 --> 00:08:11,010 Excuse me. 190 00:08:16,000 --> 00:08:17,160 Sign where your name is. 191 00:08:35,220 --> 00:08:38,120 Thank you, gentlemen. 192 00:08:53,080 --> 00:08:55,159 Mr. Madoff? 193 00:08:55,160 --> 00:08:56,229 Yeah. 194 00:08:56,230 --> 00:08:58,229 We're from the FBI. Do you know why we're here? 195 00:08:58,230 --> 00:08:59,999 I didn't hear the house phone. 196 00:09:00,000 --> 00:09:01,019 I didn't hear the house phone. 197 00:09:01,020 --> 00:09:02,999 What's going... What's going on? 198 00:09:03,000 --> 00:09:05,029 Somebody turned me in. 199 00:09:05,030 --> 00:09:06,079 Who? 200 00:09:06,080 --> 00:09:08,079 Who do you think? 201 00:09:08,080 --> 00:09:12,039 I floated my sons for 40 years. 202 00:09:12,040 --> 00:09:14,029 And this is how they repay me... 203 00:09:14,030 --> 00:09:18,039 By lawyering up and ruining my exit plan. 204 00:09:18,040 --> 00:09:21,079 Just 10 days to put things in order. 205 00:09:21,080 --> 00:09:24,060 All they had to give me was five minutes. 206 00:09:28,030 --> 00:09:29,270 You got it. I'm checking it out. 207 00:09:40,100 --> 00:09:41,209 Hey, do me a favor... next time, 208 00:09:41,210 --> 00:09:43,099 have them fill the tequila bottles 209 00:09:43,100 --> 00:09:44,199 with cranberry and tonic. Frank. Frank. 210 00:09:44,200 --> 00:09:46,119 My head is like a... Huh? 211 00:09:46,120 --> 00:09:48,169 Why is the FBI here? 212 00:09:48,170 --> 00:09:50,220 On the computer, ma'am. 213 00:09:59,200 --> 00:10:01,149 Hey, Bern, it's like 10:45. 214 00:10:01,150 --> 00:10:04,039 Look, I'm sure that Peter has told you the FBI is here, 215 00:10:04,040 --> 00:10:05,159 but I keep getting calls... 216 00:10:05,160 --> 00:10:08,129 DiPascali, Crupi, Bongiorno. 217 00:10:08,130 --> 00:10:10,999 Where can we find their offices? 218 00:10:11,000 --> 00:10:12,119 Oh, they're not up here. 219 00:10:12,120 --> 00:10:13,209 What do you mean, "up here"? 220 00:10:13,210 --> 00:10:15,180 They're on 17. 221 00:10:18,000 --> 00:10:20,130 Get all those papers off the wall. Let's go. 222 00:10:22,130 --> 00:10:24,069 Come on, pick these papers up. 223 00:10:24,070 --> 00:10:25,689 Make sure they make it into the shredder. 224 00:10:25,690 --> 00:10:26,120 Make sure they make it into the shredder. 225 00:10:26,121 --> 00:10:28,009 Guys, guys, don't jam 'em in. 226 00:10:28,010 --> 00:10:29,160 Whoa, whoa, whoa. 227 00:10:34,070 --> 00:10:37,010 Ma'am, make sure you get those. Lots of journals. 228 00:10:40,010 --> 00:10:43,029 Double-digit returns, even in the worst of markets. 229 00:10:43,030 --> 00:10:45,219 Federal authorities revealed this was no market magic. 230 00:10:45,220 --> 00:10:47,229 It was a grand Ponzi scheme. 231 00:10:47,230 --> 00:10:49,059 Yeah? 232 00:10:49,060 --> 00:10:50,189 What? 233 00:10:50,190 --> 00:10:52,109 Bernie? 234 00:10:52,110 --> 00:10:55,009 You got to be kidding me. 235 00:10:55,010 --> 00:10:55,690 Monsieur, your brother's on the telephone. 236 00:10:55,691 --> 00:10:57,069 Monsieur, your brother's on the telephone. 237 00:10:57,070 --> 00:10:59,189 What? Really, what is it? 238 00:10:59,190 --> 00:11:01,140 Mr. Madoff has been arrested. 239 00:11:12,000 --> 00:11:13,039 Well, we're learning more this morning 240 00:11:13,040 --> 00:11:14,069 about what authorities are calling 241 00:11:14,070 --> 00:11:16,129 the largest financial scam ever. 242 00:11:16,130 --> 00:11:18,089 A powerful New York investment broker 243 00:11:18,090 --> 00:11:22,129 accused of bilking investors out of $50 billion. 244 00:11:22,130 --> 00:11:23,999 For years, he made good on... 245 00:11:24,000 --> 00:11:25,209 amazing investor. 246 00:11:25,210 --> 00:11:25,690 He made big money year after year, double-digit returns. 247 00:11:25,691 --> 00:11:28,169 He made big money year after year, double-digit returns. 248 00:11:28,170 --> 00:11:31,229 It sounded too good to be true, and it was. 249 00:11:31,230 --> 00:11:35,009 Financier Bernard Madoff now stands accused 250 00:11:35,010 --> 00:11:37,109 of running a $50 billion fraud. 251 00:11:37,110 --> 00:11:39,179 He faces 20 years in prison and millions in fines. 252 00:11:39,180 --> 00:11:41,159 I'm watching him on television right now. 253 00:11:41,160 --> 00:11:43,189 And ABC News has learned, George, that the two employees 254 00:11:43,190 --> 00:11:45,129 that turned Madoff in were, in fact, his sons. 255 00:11:45,130 --> 00:11:47,139 Well, we're learning more this morning 256 00:11:47,140 --> 00:11:48,999 about what authorities are calling 257 00:11:49,000 --> 00:11:50,049 the largest financial scam ever, 258 00:11:50,050 --> 00:11:52,049 a powerful New York investment broker... 259 00:11:52,050 --> 00:11:54,230 Aah! 260 00:12:02,070 --> 00:12:04,199 That's right. Just me. 261 00:12:04,200 --> 00:12:09,179 Just you? A $50 billion fraud, and nobody else was involved? 262 00:12:09,180 --> 00:12:11,049 That's correct. 263 00:12:11,050 --> 00:12:12,159 Nobody? 264 00:12:12,160 --> 00:12:15,079 Am I not being clear, Ethan? 265 00:12:15,080 --> 00:12:17,029 Not Frank DiPascali? No. 266 00:12:17,030 --> 00:12:18,229 Not Annette Bongiorno? No. 267 00:12:18,230 --> 00:12:20,009 Not your brother? No. 268 00:12:20,010 --> 00:12:21,069 Not your sons? Your wife? 269 00:12:21,070 --> 00:12:22,139 No. 270 00:12:22,140 --> 00:12:23,199 If he wants to make bail, 271 00:12:23,200 --> 00:12:25,689 he's gonna have to do a hell of a lot better than this. 272 00:12:25,690 --> 00:12:26,140 He's gonna have to do a hell of a lot better than this. 273 00:12:26,141 --> 00:12:28,109 He's cooperating. What do you want him to do? 274 00:12:28,110 --> 00:12:29,230 Draw you a treasure map? Yes! 275 00:12:30,220 --> 00:12:32,999 That's exactly what I want him to do. 276 00:12:33,000 --> 00:12:34,199 Bernie confessed, of his own free will, 277 00:12:34,200 --> 00:12:36,019 even before calling me, 278 00:12:36,020 --> 00:12:37,999 which I'm sure you can guess I'm thrilled about. 279 00:12:38,000 --> 00:12:40,099 Let's cut the crap. 280 00:12:40,100 --> 00:12:42,180 You've got the centerpiece of your case well in hand. 281 00:12:56,090 --> 00:12:57,199 Sorry, Ethan. 282 00:12:57,200 --> 00:13:00,019 A personal recognizance bond isn't gonna cut it. 283 00:13:00,020 --> 00:13:01,999 You want your client to go home? 284 00:13:02,000 --> 00:13:05,159 I need a $10 million bond posted. 285 00:13:05,160 --> 00:13:08,159 He's gonna have to be placed under house arrest. 286 00:13:08,160 --> 00:13:11,019 And I'm gonna need that bond signed by four people 287 00:13:11,020 --> 00:13:13,179 willing to stand for him... 288 00:13:13,180 --> 00:13:17,009 assuming there are any left. 289 00:13:17,010 --> 00:13:19,049 It has to be signed by four people? 290 00:13:19,050 --> 00:13:21,009 You, me, and the boys. 291 00:13:21,010 --> 00:13:23,199 And then we can bring them home. 292 00:13:23,200 --> 00:13:25,159 Of course, Ruthie. Just fax it over. 293 00:13:25,160 --> 00:13:25,690 I'll sign it and get it right back to you. 294 00:13:25,691 --> 00:13:27,189 I'll sign it and get it right back to you. 295 00:13:27,190 --> 00:13:30,059 Oh, thank you, Peter. That's a relief. 296 00:13:30,060 --> 00:13:32,069 Yeah, now the boys. 297 00:13:32,070 --> 00:13:35,129 Okay. Yeah. Yeah, of course. 298 00:13:35,130 --> 00:13:37,110 I'll keep you posted. 299 00:13:42,080 --> 00:13:44,119 Listen to me right now, Mom. 300 00:13:44,120 --> 00:13:45,139 Mom, listen to me. 301 00:13:45,140 --> 00:13:47,119 Do... Do you understand me? No! 302 00:13:47,120 --> 00:13:49,219 No, Andy and I are never gonna help our father. 303 00:13:49,220 --> 00:13:51,049 Mark, you've got to calm down. 304 00:13:51,050 --> 00:13:53,039 Do you understand me? We are not signing the bond! 305 00:13:53,040 --> 00:13:54,209 Do you want to save yourself, Mom? 306 00:13:54,210 --> 00:13:55,689 You let him rot in jail where he belongs! 307 00:13:55,690 --> 00:13:57,290 You let him rot in jail where he belongs! 308 00:14:08,010 --> 00:14:09,190 Too much. 309 00:14:14,000 --> 00:14:16,109 Mark. Mark, Mark! 310 00:14:16,110 --> 00:14:17,119 Tell her to leave. Stop, I will. 311 00:14:17,120 --> 00:14:18,199 Tell her to leave. I need you to calm down. 312 00:14:18,200 --> 00:14:20,079 I don't want her here. Just sit down over there. 313 00:14:20,080 --> 00:14:21,119 I do not want her here. Okay, fine. 314 00:14:21,120 --> 00:14:22,139 Tell her to go. 315 00:14:22,140 --> 00:14:23,540 Mark, you've got to calm down, okay? 316 00:14:25,040 --> 00:14:25,690 Mom. Open the door. 317 00:14:25,691 --> 00:14:27,099 Mom. Open the door. 318 00:14:27,100 --> 00:14:29,039 Mom! You're signing this bond! 319 00:14:29,040 --> 00:14:31,120 You're signing it right now. Tell her to leave, Andy. 320 00:14:32,160 --> 00:14:34,039 I'm gonna make it very simple. 321 00:14:34,040 --> 00:14:35,159 He's given you everything! Okay, it's your choice. 322 00:14:35,160 --> 00:14:37,019 Us or him! You son of a... 323 00:14:37,020 --> 00:14:39,039 All your father has done for you. 324 00:14:39,040 --> 00:14:41,090 Don't be so unreasonable. Let me in. 325 00:14:44,090 --> 00:14:47,039 Many of Madoff's victims, hungry for justice. 326 00:14:47,040 --> 00:14:49,189 And he looked at me, and I saw a hollow face. 327 00:14:49,190 --> 00:14:51,119 Hollow. There was nothing in it. 328 00:14:51,120 --> 00:14:52,999 No emotion whatsoever. 329 00:14:53,000 --> 00:14:54,119 You met his eyes? Yes. 330 00:14:54,120 --> 00:14:56,089 And there was nothing there. 331 00:14:56,090 --> 00:14:58,189 I met Richard and Cynthia Freidman. 332 00:14:58,190 --> 00:15:00,119 We were investors with Madoff. 333 00:15:00,120 --> 00:15:02,059 We lost everything. Everything. 334 00:15:02,060 --> 00:15:04,169 Everything, yes. All our life's savings. 335 00:15:04,170 --> 00:15:07,179 They were skeptical that justice would truly be done. 336 00:15:07,180 --> 00:15:11,180 There's something about being in the presence of somebody that evil. 337 00:15:14,060 --> 00:15:17,209 So, when was it exactly that I became the poster boy 338 00:15:17,210 --> 00:15:20,169 for all of Wall Street's crimes? 339 00:15:20,170 --> 00:15:23,159 Maybe it was when all the celebrities 340 00:15:23,160 --> 00:15:25,200 who took a hit were revealed. 341 00:15:27,150 --> 00:15:29,099 No, no. 342 00:15:29,100 --> 00:15:32,029 Who doesn't love to see celebrities suffer? 343 00:15:32,030 --> 00:15:34,209 Maybe it was the charities. 344 00:15:34,210 --> 00:15:38,119 And I admit that didn't exactly show me in the best light. 345 00:15:38,120 --> 00:15:40,009 No, no, no. 346 00:15:40,010 --> 00:15:42,839 Even after what that idiot Frenchman pulled, 347 00:15:42,840 --> 00:15:43,030 Even after what that idiot Frenchman pulled, 348 00:15:43,031 --> 00:15:44,199 trying to show the world 349 00:15:44,200 --> 00:15:47,139 what an honorable aristocrat he was... 350 00:15:47,140 --> 00:15:49,199 That didn't do it. 351 00:15:49,200 --> 00:15:51,069 No. 352 00:15:51,070 --> 00:15:54,079 The moment that the world decided to make me 353 00:15:54,080 --> 00:15:58,159 the 21st-century icon of evil and greed, 354 00:15:58,160 --> 00:16:01,189 the monster of Wall Street, 355 00:16:01,190 --> 00:16:04,159 when I came home for house arrest. 356 00:16:04,160 --> 00:16:06,179 Bernie, are you gonna give any of the money... 357 00:16:06,180 --> 00:16:08,180 Bernie, are you gonna plead guilty? 358 00:16:12,230 --> 00:16:12,840 There, right there. 359 00:16:12,841 --> 00:16:14,059 There, right there. 360 00:16:14,060 --> 00:16:17,189 That smirk... that smirk seen around the world 361 00:16:17,190 --> 00:16:21,199 and replayed for days on every network on the planet. 362 00:16:21,200 --> 00:16:23,089 Yeah, I know. 363 00:16:23,090 --> 00:16:25,219 I know what you think you saw in that smirk... 364 00:16:25,220 --> 00:16:27,069 A man without remorse, 365 00:16:27,070 --> 00:16:28,139 a rich man confident 366 00:16:28,140 --> 00:16:31,059 that his money would put him above the law. 367 00:16:31,060 --> 00:16:33,999 You think you saw a man scorning the world. 368 00:16:34,000 --> 00:16:37,099 Well, you couldn't have been more wrong. 369 00:16:37,100 --> 00:16:40,089 But I'm really not some evil, horrible, 370 00:16:40,090 --> 00:16:42,119 ethically deprived scoundrel. 371 00:16:42,120 --> 00:16:42,840 I'm basically an ordinary businessman 372 00:16:42,841 --> 00:16:46,019 I'm basically an ordinary businessman 373 00:16:46,020 --> 00:16:49,069 who simply got in over his head. 374 00:16:49,070 --> 00:16:52,129 I'm gonna go in alone. 375 00:16:52,130 --> 00:16:54,199 No way. I'm not letting you go out there unprotected. 376 00:16:54,200 --> 00:16:57,039 They're not gonna come at me if I'm not with you, okay? 377 00:16:57,040 --> 00:16:58,139 I love you. 378 00:16:58,140 --> 00:16:59,160 That's him! 379 00:17:00,210 --> 00:17:04,079 Go, go, go, go, go, go! 380 00:17:04,080 --> 00:17:06,150 Go, go, go! 381 00:17:24,000 --> 00:17:26,199 Excuse me, ma'am, you can't be here. 382 00:17:26,200 --> 00:17:29,059 Ma'am, this is a crime scene. You have to leave. 383 00:17:29,060 --> 00:17:31,039 No disrespect, agent, 384 00:17:31,040 --> 00:17:32,229 but I'm sick of waiting around for you to figure out 385 00:17:32,230 --> 00:17:34,140 that I'm the person you need to be talking to. 386 00:17:36,000 --> 00:17:38,069 Here. 387 00:17:38,070 --> 00:17:40,189 His personal address book. 388 00:17:40,190 --> 00:17:42,839 All 130 of his "must have with him at all times" contacts. 389 00:17:42,840 --> 00:17:44,009 All 130 of his "must have with him at all times" contacts. 390 00:17:44,010 --> 00:17:46,109 Everyone he stole from is in that book. 391 00:17:46,110 --> 00:17:48,020 And just who, exactly, are you? 392 00:17:50,130 --> 00:17:52,230 I was his secretary. 393 00:17:56,070 --> 00:17:58,199 Many of the largest investment firms on Wall Street 394 00:17:58,200 --> 00:18:00,139 didn't do business with Mr. Madoff. 395 00:18:00,140 --> 00:18:02,029 Why didn't they go to the SEC? 396 00:18:02,030 --> 00:18:03,199 Because the SEC wouldn't have done anything. 397 00:18:03,200 --> 00:18:05,039 Why would you watch that? 398 00:18:05,040 --> 00:18:08,039 People who live in glass houses don't throw stones. 399 00:18:08,040 --> 00:18:09,199 Penance, maybe. 400 00:18:09,200 --> 00:18:10,200 What? 401 00:18:10,201 --> 00:18:12,029 Voluntary self-punishment. 402 00:18:12,030 --> 00:18:12,840 The SEC comes in after the fact, 403 00:18:12,840 --> 00:18:13,180 The SEC comes in after the fact, 404 00:18:13,181 --> 00:18:15,199 toe-tags the victims, counts the bodies... 405 00:18:15,200 --> 00:18:20,030 Used to be a popular concept in the very, very old days. 406 00:18:23,090 --> 00:18:27,049 Anyway, I won't close my eyes to what I've done. 407 00:18:27,050 --> 00:18:29,179 Hey. 408 00:18:29,180 --> 00:18:32,149 Uncle Bernie's the one that put all of us in jeopardy 409 00:18:32,150 --> 00:18:34,079 and ruined everyone we know. 410 00:18:34,080 --> 00:18:35,999 You did nothing wrong. 411 00:18:36,000 --> 00:18:39,049 Dad, it's not your fault. 412 00:18:39,050 --> 00:18:42,009 You didn't know what he was doing. 413 00:18:42,010 --> 00:18:42,840 I was Chief Compliance Officer. 414 00:18:42,841 --> 00:18:45,199 I was Chief Compliance Officer. 415 00:18:45,200 --> 00:18:48,000 It was my job to stop it. 416 00:18:51,050 --> 00:18:55,230 They're not gonna just let me walk away from this. 417 00:18:58,100 --> 00:19:00,130 Hey, this is Mark. Leave a message. 418 00:19:01,190 --> 00:19:04,179 Why won't you talk to me, huh? 419 00:19:04,180 --> 00:19:06,209 Listen, I'm the one that should be angry... 420 00:19:06,210 --> 00:19:08,169 With you and your brother. 421 00:19:08,170 --> 00:19:11,049 How could you betray your father like this, 422 00:19:11,050 --> 00:19:12,839 after all that he has done for you? 423 00:19:12,840 --> 00:19:13,100 After all that he has done for you? 424 00:19:13,101 --> 00:19:19,079 Why... Why this pointless demand that I choose between you, why? 425 00:19:19,080 --> 00:19:23,009 Why should I have to choose between my husband and my son? 426 00:19:23,010 --> 00:19:26,009 What... What... What good would it do if I left him? 427 00:19:26,010 --> 00:19:27,179 What difference would it make? 428 00:19:27,180 --> 00:19:30,230 You know all you're doing, Mark, is just ripping this fa... 429 00:19:33,210 --> 00:19:35,210 family apart! 430 00:19:41,040 --> 00:19:43,149 In Denver, President Obama signed 431 00:19:43,150 --> 00:19:46,119 the massive $787 billion economic stimulus bill, saying, 432 00:19:46,120 --> 00:19:50,109 "It would keep the American Dream alive in our time." 433 00:19:50,110 --> 00:19:52,059 At the same time on Wall Street, 434 00:19:52,060 --> 00:19:54,149 the Dow dropped nearly 300 points 435 00:19:54,150 --> 00:19:57,119 after worries about clouds on the horizon. 436 00:19:57,120 --> 00:20:00,029 President Barack Obama sees today's signings 437 00:20:00,030 --> 00:20:02,009 as a historic moment that will end the run 438 00:20:02,010 --> 00:20:03,219 of economic calamities. 439 00:20:03,220 --> 00:20:06,109 None greater than the ultimate Wall Street fraud, 440 00:20:06,110 --> 00:20:07,149 Bernie Madoff. 441 00:20:07,150 --> 00:20:09,109 I'm the fraud, eh? Turn the economy around. 442 00:20:09,110 --> 00:20:09,595 But today does mark the beginning of the end. 443 00:20:09,596 --> 00:20:11,189 But today does mark the beginning of the end. 444 00:20:11,190 --> 00:20:16,079 Ah, the whole financial system's rotten from the top down. 445 00:20:16,080 --> 00:20:18,159 I'm just a dirty little fish 446 00:20:18,160 --> 00:20:22,089 swimming around in a great, big, dirty pond. 447 00:20:22,090 --> 00:20:24,109 You know the biggest banks in the world 448 00:20:24,110 --> 00:20:28,029 sell their customers assets they know are toxic, 449 00:20:28,030 --> 00:20:29,139 and... and... And the ratings board 450 00:20:29,140 --> 00:20:31,129 gives them a rubber stamp of approval. 451 00:20:31,130 --> 00:20:33,179 And the politicians then tell the public 452 00:20:33,180 --> 00:20:36,079 that Wall Street is gonna police itself. 453 00:20:36,080 --> 00:20:37,080 Ha! 454 00:20:39,070 --> 00:20:39,595 And then we all get bailed out, 455 00:20:39,596 --> 00:20:43,009 And then we all get bailed out, 456 00:20:43,010 --> 00:20:44,119 and they got to pay billions 457 00:20:44,120 --> 00:20:46,119 and billions and billions of dollars. 458 00:20:46,120 --> 00:20:48,229 And they call me a fraud?! 459 00:20:48,230 --> 00:20:51,199 And I ran the biggest Ponzi scheme in history, okay, 460 00:20:51,200 --> 00:20:55,069 within the biggest Ponzi scheme in history. 461 00:20:55,070 --> 00:20:56,160 Ah. 462 00:20:59,100 --> 00:21:01,200 I'm the fall guy. 463 00:21:05,080 --> 00:21:08,139 You have no idea how good it is to see your face. 464 00:21:08,140 --> 00:21:09,594 It's just been killing me not to... 465 00:21:09,595 --> 00:21:11,039 It's just been killing me not to... 466 00:21:11,040 --> 00:21:14,209 Not to see you or Mark for the past two... two months. 467 00:21:14,210 --> 00:21:17,009 Well, Mark would kill me if he knew I was here. 468 00:21:17,010 --> 00:21:18,039 How is he? 469 00:21:18,040 --> 00:21:20,109 How are any of us? Not good. 470 00:21:20,110 --> 00:21:22,209 Well, you're holding up all right, it seems, 471 00:21:22,210 --> 00:21:24,029 all things considered. 472 00:21:24,030 --> 00:21:26,189 Well, it's easier for me to adjust than you and Mark. 473 00:21:26,190 --> 00:21:29,139 I didn't spend my whole life worrying about being liked. 474 00:21:29,140 --> 00:21:31,099 So, what is it? What did you want to ask? 475 00:21:31,100 --> 00:21:32,159 I want to see Mark's baby. 476 00:21:32,160 --> 00:21:35,009 I want to come to the hospital when the baby comes. 477 00:21:35,010 --> 00:21:37,019 No. Mom, I know it's hard. 478 00:21:37,020 --> 00:21:39,594 Mark has his feelings, and they're never gonna change 479 00:21:39,595 --> 00:21:42,059 Mark has his feelings, and they're never gonna change 480 00:21:42,060 --> 00:21:44,179 unless you completely cut off Dad. 481 00:21:44,180 --> 00:21:46,219 Why... Why is it so hard for you both 482 00:21:46,220 --> 00:21:48,229 to understand why I can't do that? 483 00:21:48,230 --> 00:21:50,139 Maybe you never loved anybody 484 00:21:50,140 --> 00:21:52,159 like your father and I love each other, 485 00:21:52,160 --> 00:21:54,039 or else you would understand 486 00:21:54,040 --> 00:21:56,149 why what you're asking me is impossi... 487 00:21:56,150 --> 00:21:59,039 He lied to us every day, Mom, you included. 488 00:21:59,040 --> 00:22:01,089 And now we have to pay for his lies. 489 00:22:01,090 --> 00:22:03,100 Cut him off. 490 00:22:06,190 --> 00:22:08,159 You have a future. 491 00:22:08,160 --> 00:22:09,594 The whole family has a future. 492 00:22:09,595 --> 00:22:11,079 The whole family has a future. 493 00:22:11,080 --> 00:22:13,020 Just not him. 494 00:22:18,180 --> 00:22:21,160 Nobody will ever love me like that again. 495 00:22:23,170 --> 00:22:27,060 Nobody will ever love me like that again. 496 00:22:33,010 --> 00:22:34,190 Maybe your grandson will. 497 00:22:36,210 --> 00:22:38,029 What? 498 00:22:38,030 --> 00:22:39,189 It's a boy. 499 00:22:39,190 --> 00:22:39,595 We just found out. 500 00:22:39,596 --> 00:22:42,119 We just found out. 501 00:22:42,120 --> 00:22:45,140 You know how much little boys love their grandmas. 502 00:22:47,100 --> 00:22:50,039 Ye... 503 00:22:50,040 --> 00:22:52,140 I've got to go. 504 00:23:27,230 --> 00:23:30,039 You can't help but wonder 505 00:23:30,040 --> 00:23:32,119 whether Bernard Madoff is sleeping yet. 506 00:23:32,120 --> 00:23:34,069 Tonight, the disgraced financier 507 00:23:34,070 --> 00:23:36,159 will rest his head on a bare-boned bunk 508 00:23:36,160 --> 00:23:39,594 in a New York City jail cell for the first time... 509 00:23:39,595 --> 00:23:40,010 In a New York City jail cell for the first time... 510 00:23:40,011 --> 00:23:43,210 Not in the master bedroom of his multimillion-dollar penthouse. 511 00:23:50,100 --> 00:23:54,089 So they yanked my bail the minute I made my guilty plea, 512 00:23:54,090 --> 00:23:57,099 and they threw me in the clink to wait to be sentenced. 513 00:23:57,100 --> 00:24:01,020 Here's your lunch, douchebag. Choke on it. 514 00:24:27,120 --> 00:24:30,179 So... 515 00:24:30,180 --> 00:24:32,189 what's it like outside? 516 00:24:32,190 --> 00:24:34,079 Good. 517 00:24:34,080 --> 00:24:35,401 It's fabulous, actually. 518 00:24:35,402 --> 00:24:37,049 It's fabulous, actually. 519 00:24:37,050 --> 00:24:39,039 I lost weight. 520 00:24:39,040 --> 00:24:41,129 You know, 'cause I can't go out. 521 00:24:41,130 --> 00:24:43,999 Or get groceries to the apartment. 522 00:24:44,000 --> 00:24:45,999 They won't do that. 523 00:24:46,000 --> 00:24:50,219 The salon won't book my appointment for me, 524 00:24:50,220 --> 00:24:52,199 and no restaurants want me. 525 00:24:52,200 --> 00:24:56,069 I'm the only homeless person in the whole world 526 00:24:56,070 --> 00:25:00,040 who lives in a penthouse, and that's only temporary. 527 00:25:03,140 --> 00:25:05,019 Why? 528 00:25:05,020 --> 00:25:05,402 Why what? 529 00:25:05,403 --> 00:25:07,009 Why what? 530 00:25:07,010 --> 00:25:09,039 Seriously. 531 00:25:09,040 --> 00:25:11,999 Don't tell me you just got in over your head. 532 00:25:12,000 --> 00:25:14,039 I want to know why, Bernie, why? 533 00:25:14,040 --> 00:25:17,029 Because people only want to get richer and richer and richer 534 00:25:17,030 --> 00:25:20,009 and they don't want the risk and they don't want the worry. 535 00:25:20,010 --> 00:25:22,089 Even the bank I put the money in, 536 00:25:22,090 --> 00:25:25,099 I put billions of dollars in that one account. 537 00:25:25,100 --> 00:25:29,109 You think it occurred to them to pick up a phone and say, 538 00:25:29,110 --> 00:25:31,089 "Hey, we got an account here, 539 00:25:31,090 --> 00:25:33,999 it's got billions of dollars in it for 35 years. 540 00:25:34,000 --> 00:25:35,401 Maybe you ought to take a look at it." 541 00:25:35,402 --> 00:25:36,050 Maybe you ought to take a look at it." 542 00:25:36,051 --> 00:25:37,179 No. 543 00:25:37,180 --> 00:25:40,000 Because I was the magician. 544 00:25:41,100 --> 00:25:45,019 And nobody wants the magic trick explained. 545 00:25:45,020 --> 00:25:49,080 And that's what you get for believing in magic. 546 00:26:03,040 --> 00:26:05,209 Okay, so, another lawsuit. 547 00:26:05,210 --> 00:26:05,402 Read all the way to the bottom. 548 00:26:05,403 --> 00:26:07,130 Read all the way to the bottom. 549 00:26:12,010 --> 00:26:14,169 Our kids? They want to sue our kids? 550 00:26:14,170 --> 00:26:16,229 They're suing my 3-year-old daughter. 551 00:26:16,230 --> 00:26:19,089 That's insane. It's gonna get thrown out. 552 00:26:19,090 --> 00:26:23,129 Look, Mark, this is totally screwed, 553 00:26:23,130 --> 00:26:25,039 but we've got to just... 554 00:26:25,040 --> 00:26:26,099 We've got to what? 555 00:26:26,100 --> 00:26:27,159 We've got to play ball? 556 00:26:27,160 --> 00:26:30,039 We've got to let them rub our noses in the dirt? 557 00:26:30,040 --> 00:26:33,999 Pretend that we like it because we know we deserve it? 558 00:26:34,000 --> 00:26:35,401 Does that make it okay for them to threaten our kids, 559 00:26:35,402 --> 00:26:37,159 Does that make it okay for them to threaten our kids, 560 00:26:37,160 --> 00:26:39,159 who had absolutely no involvement 561 00:26:39,160 --> 00:26:42,109 with what their scumbag grandfather did? 562 00:26:42,110 --> 00:26:45,229 If they get anywhere near my children, I swear to God... 563 00:26:45,230 --> 00:26:47,199 No one's gonna hurt your kids. 564 00:26:47,200 --> 00:26:49,119 It's... It's just a lawsuit. 565 00:26:49,120 --> 00:26:51,049 We're dealing with hundreds of them. 566 00:26:51,050 --> 00:26:53,179 Every judge in every lawsuit against us 567 00:26:53,180 --> 00:26:56,999 can say that we're innocent, and it wouldn't matter. 568 00:26:57,000 --> 00:26:59,189 The world's never gonna believe us. 569 00:26:59,190 --> 00:27:03,149 This day will pass. I can see it. 570 00:27:03,150 --> 00:27:05,040 But I need you to picture it. 571 00:27:07,040 --> 00:27:08,069 Why bother? 572 00:27:08,070 --> 00:27:11,009 Why bother? Your wife, your kids. 573 00:27:11,010 --> 00:27:12,029 Everything's gone. 574 00:27:12,030 --> 00:27:13,999 What are you talking about? 575 00:27:14,000 --> 00:27:16,189 They've taken everything... Even our name. 576 00:27:16,190 --> 00:27:18,060 Mark, please. 577 00:27:21,020 --> 00:27:22,999 We're changing our name. 578 00:27:23,000 --> 00:27:25,079 Steph and I figured it was... 579 00:27:25,080 --> 00:27:29,009 It was for the best, especially for the kids. 580 00:27:29,010 --> 00:27:34,712 We will now be known as Stephanie and Mark Mack. 581 00:27:35,070 --> 00:27:35,402 Why would you do that? 582 00:27:35,403 --> 00:27:37,029 Why would you do that? 583 00:27:37,030 --> 00:27:40,060 Because I can't be a Madoff anymore. 584 00:27:44,060 --> 00:27:47,129 Hello, Ed. 585 00:27:47,130 --> 00:27:49,999 So, you won. 586 00:27:50,000 --> 00:27:51,190 You're the hero. 587 00:27:53,130 --> 00:27:55,199 Well, I don't feel like a hero. 588 00:27:55,200 --> 00:27:59,009 I feel horrible for every single person 589 00:27:59,010 --> 00:28:00,209 involved with this thing. 590 00:28:00,210 --> 00:28:04,130 Well, hopefully that's gonna change, thanks in part to you. 591 00:28:06,140 --> 00:28:08,120 Nothing's gonna change, Ed. 592 00:28:10,010 --> 00:28:13,019 The SEC's gonna go right on doing what it's doing 593 00:28:13,020 --> 00:28:15,109 and nothing short of a revolution in the street 594 00:28:15,110 --> 00:28:16,169 is gonna change anything. 595 00:28:16,170 --> 00:28:19,159 I'm glad you finally got what you wanted, Harry. 596 00:28:19,160 --> 00:28:21,200 It's made you so much happier. 597 00:28:36,170 --> 00:28:39,019 Can you imagine? They offered me a deal. 598 00:28:39,020 --> 00:28:41,079 So I told them, I ain't rolling over. 599 00:28:41,080 --> 00:28:42,189 Ain't no way. 600 00:28:42,190 --> 00:28:45,159 There's guys out there doing worse things than we ever did. 601 00:28:45,160 --> 00:28:48,129 We can fight through this, Bernie. I got faith. 602 00:28:48,130 --> 00:28:50,219 Besides, we never had that fishing day on my boat. 603 00:28:50,220 --> 00:28:52,009 Shut up! 604 00:28:52,010 --> 00:28:54,149 There's no play here, Frank. 605 00:28:54,150 --> 00:28:56,049 Get out. 606 00:28:56,050 --> 00:28:58,019 Save yourself. 607 00:28:58,020 --> 00:29:00,999 And, Frank, I never liked fishing. 608 00:29:01,000 --> 00:29:04,080 It was just an act I put on for my kids. 609 00:29:14,070 --> 00:29:18,189 From approximately April of 1986 until December, 2008, 610 00:29:18,190 --> 00:29:21,219 I directly participated in Mr. Madoff's scheme 611 00:29:21,220 --> 00:29:24,219 to defraud his investment clients of billions of dollars. 612 00:29:24,220 --> 00:29:27,089 Also directly involved were my colleagues 613 00:29:27,090 --> 00:29:29,119 Annette Bongiorno and Jodi Crupi. 614 00:29:29,120 --> 00:29:32,219 In addition, the Director of Operations and several others, 615 00:29:32,220 --> 00:29:35,401 all of whom worked with me on the firm's 17th floor... 616 00:29:35,402 --> 00:29:37,019 all of whom worked with me on the firm's 17th floor... 617 00:29:37,020 --> 00:29:39,039 had roles in the fraud. 618 00:29:39,040 --> 00:29:42,039 And you never made one trade? 619 00:29:42,040 --> 00:29:46,059 The day I make a trade, you'll be the first to know. 620 00:29:46,060 --> 00:29:48,219 I had the use of a corporate credit card, 621 00:29:48,220 --> 00:29:51,139 which I used to charge personal expenses, 622 00:29:51,140 --> 00:29:53,209 including plane tickets for my son 623 00:29:53,210 --> 00:29:56,009 and his fraternity brothers... 624 00:29:56,010 --> 00:29:58,069 Bernard Madoff awaits judgment this morning 625 00:29:58,070 --> 00:29:59,119 in U.S. District Court 626 00:29:59,120 --> 00:30:02,059 for running the largest and longest-running 627 00:30:02,060 --> 00:30:04,140 financial scam in history. 628 00:30:10,230 --> 00:30:16,049 Your honor, I cannot offer you an excuse for my behavior. 629 00:30:16,050 --> 00:30:19,159 How do you excuse betraying thousands of investors 630 00:30:19,160 --> 00:30:21,079 who entrusted me with their life savings? 631 00:30:21,080 --> 00:30:24,079 The financial devastation can easily be defined, 632 00:30:24,080 --> 00:30:28,019 but the emotional, spiritual, and psychological devastation 633 00:30:28,020 --> 00:30:29,039 is indescribable. 634 00:30:29,040 --> 00:30:32,199 I sat in limbo for weeks, for months. 635 00:30:32,200 --> 00:30:34,159 First, trying to figure out 636 00:30:34,160 --> 00:30:35,401 how we were gonna help over 1,100 people. 637 00:30:35,402 --> 00:30:37,149 How we were gonna help over 1,100 people. 638 00:30:37,150 --> 00:30:40,049 Another year or two with my savings, 639 00:30:40,050 --> 00:30:42,069 and then I'm just a pauper. 640 00:30:42,070 --> 00:30:45,009 Wherever it goes from there, I don't know. 641 00:30:45,010 --> 00:30:47,039 People have accused me of being silent 642 00:30:47,040 --> 00:30:49,139 and not being sympathetic. 643 00:30:49,140 --> 00:30:52,189 That is not true. 644 00:30:52,190 --> 00:30:55,069 When my company was sold, 645 00:30:55,070 --> 00:30:58,159 I just cashed it all in, and I gave it all to Bernie. 646 00:30:58,160 --> 00:31:01,059 And I always make a joke. 647 00:31:01,060 --> 00:31:04,109 I said, "That probably took him on a vacation." 648 00:31:04,110 --> 00:31:05,401 We have, through the generosity of friends, been able to stay... 649 00:31:05,402 --> 00:31:09,050 We have, through the generosity of friends, been able to stay... 650 00:31:13,090 --> 00:31:15,009 My mom has already retired. 651 00:31:15,010 --> 00:31:19,139 This was going to cause a 70% drop in income 652 00:31:19,140 --> 00:31:21,019 for the rest of her life. 653 00:31:21,020 --> 00:31:24,189 I would love to meet him, tell him what I think of him, 654 00:31:24,190 --> 00:31:26,069 and spit in his face. 655 00:31:26,070 --> 00:31:28,999 I apologize to my victims. 656 00:31:29,000 --> 00:31:34,130 I will turn and face you. 657 00:31:37,200 --> 00:31:40,159 The things that matter, I have. 658 00:31:40,160 --> 00:31:43,209 And he can't take them away. 659 00:31:43,210 --> 00:31:45,169 He just needs to be put away. 660 00:31:45,170 --> 00:31:49,009 I mean, really, I would love to see him with nothing. 661 00:31:49,010 --> 00:31:52,179 I have to wonder out loud, though, so he goes to jail. 662 00:31:52,180 --> 00:31:54,229 He's gonna spend the rest of his life in jail. 663 00:31:54,230 --> 00:31:57,200 Is that justice? People's lives are ruined. 664 00:31:59,070 --> 00:32:01,169 His 150-year sentence 665 00:32:01,170 --> 00:32:05,159 virtually ensures he will spend the rest of his life in jail. 666 00:32:05,160 --> 00:32:05,402 The judge said a message had to be sent. 667 00:32:05,403 --> 00:32:08,209 The judge said a message had to be sent. 668 00:32:08,210 --> 00:32:11,119 Ruth Madoff was not in the courtroom today 669 00:32:11,120 --> 00:32:13,189 to say goodbye to her husband, nor were his sons. 670 00:32:13,190 --> 00:32:16,069 The judge said he had not received a single letter 671 00:32:16,070 --> 00:32:18,099 on Madoff's behalf from family or friends, 672 00:32:18,100 --> 00:32:22,159 and even his own lawyer called him a deeply flawed individual. 673 00:32:22,160 --> 00:32:25,109 As he walked out today, I saw no tears in his eyes. 674 00:32:25,110 --> 00:32:27,059 And it seemed to me, Charlie, 675 00:32:27,060 --> 00:32:29,200 there was a distinct smirk on his face. 676 00:32:45,000 --> 00:32:47,159 Joanie? It's Ruthie. 677 00:32:47,160 --> 00:32:51,119 You're the only person that I... I could call. 678 00:32:51,120 --> 00:32:55,159 'Cause all my friends and my sons, they're just all... 679 00:32:55,160 --> 00:32:59,530 Look, you're still my big sister, though, right? 680 00:32:59,531 --> 00:33:01,411 Look, you're still my big sister, though, right? 681 00:33:02,030 --> 00:33:06,139 Joanie, I know that you lost everything because of him, 682 00:33:06,140 --> 00:33:09,159 but look, I-I... 683 00:33:09,160 --> 00:33:11,049 Could I... 684 00:33:11,050 --> 00:33:12,209 Would you... 685 00:33:12,210 --> 00:33:15,060 I-I just don't have anyplace else to go. 686 00:33:16,160 --> 00:33:19,060 And... 687 00:33:22,100 --> 00:33:24,190 Okay, thank you, okay. 688 00:33:29,120 --> 00:33:29,531 My first day inside was... 689 00:33:29,532 --> 00:33:32,039 My first day inside was... 690 00:33:32,040 --> 00:33:35,080 Well, let's just say the stress levels were incredibly high. 691 00:33:36,040 --> 00:33:38,079 Welcome home, Madoff! 692 00:33:38,080 --> 00:33:41,219 But then, suddenly, I was deemed welcome to my new home. 693 00:33:41,220 --> 00:33:44,179 Hey, it's the $50 billion man! 694 00:33:44,180 --> 00:33:47,209 Bernie! Bernie! Bernie! 695 00:33:47,210 --> 00:33:49,189 Bernie! Bernie! Bernie! 696 00:33:49,190 --> 00:33:54,009 In here, I was the guy who stole $50 billion, 697 00:33:54,010 --> 00:33:56,179 the greatest thief in history. 698 00:33:56,180 --> 00:33:59,530 Bernie! Bernie! Bernie! 699 00:33:59,531 --> 00:34:00,531 Bernie! Bernie! Bernie! 700 00:34:01,150 --> 00:34:04,000 Well, that's some kind of distinction, isn't it? 701 00:34:18,070 --> 00:34:20,070 What? 702 00:34:23,200 --> 00:34:24,219 What is that? 703 00:34:24,220 --> 00:34:26,209 What is that? Really? 704 00:34:26,210 --> 00:34:28,999 You're gonna pretend you don't know her? 705 00:34:29,000 --> 00:34:29,531 Of course I know her. That's the Hadassah lady. 706 00:34:29,531 --> 00:34:30,220 Of course I know her. That's the Hadassah lady. 707 00:34:30,221 --> 00:34:33,099 50 years of marriage, everything you put me through, 708 00:34:33,100 --> 00:34:36,079 at least show me the respect of not treating me like an idiot. 709 00:34:36,080 --> 00:34:38,159 Ruth, I-I really, I don't have any idea 710 00:34:38,160 --> 00:34:40,079 what you're talking about. 711 00:34:40,080 --> 00:34:41,149 So, you deny it. 712 00:34:41,150 --> 00:34:43,039 Of course I'm denying it! 713 00:34:43,040 --> 00:34:45,119 All the things she should hate me for... 714 00:34:45,120 --> 00:34:46,999 The destruction of our family... 715 00:34:47,000 --> 00:34:48,069 This is crap! 716 00:34:48,070 --> 00:34:49,209 All the lives I've ruined... 717 00:34:49,210 --> 00:34:51,999 It's someone looking for attention. 718 00:34:52,000 --> 00:34:53,029 I don't believe you. 719 00:34:53,030 --> 00:34:54,039 Ruth. 720 00:34:54,040 --> 00:34:55,119 I should leave you. 721 00:34:55,120 --> 00:34:58,039 I should let you rot in here, you liar. 722 00:34:58,040 --> 00:34:59,530 And the one thing that gets her is this. 723 00:34:59,531 --> 00:35:01,999 And the one thing that gets her is this. 724 00:35:02,000 --> 00:35:03,160 You're right. 725 00:35:07,090 --> 00:35:09,140 I was with her. I lied. 726 00:35:12,010 --> 00:35:15,119 But she was... she wasn't you. 727 00:35:15,120 --> 00:35:20,019 I was always thinking about you when I was with her. 728 00:35:20,020 --> 00:35:22,119 I don't know you. 729 00:35:22,120 --> 00:35:25,150 I never knew you. 730 00:36:20,000 --> 00:36:22,049 If you'd have told me that morning 731 00:36:22,050 --> 00:36:24,179 when the Feds first showed up at my door 732 00:36:24,180 --> 00:36:27,149 that I'd be spending the rest of my days locked up 733 00:36:27,150 --> 00:36:29,530 with a bunch of murderers, thieves, and low-lifes, 734 00:36:29,531 --> 00:36:31,009 with a bunch of murderers, thieves, and low-lifes, 735 00:36:31,010 --> 00:36:35,039 I would have sworn my last happy day was behind me. 736 00:36:35,040 --> 00:36:36,199 But here's the thing. 737 00:36:36,200 --> 00:36:39,179 I used to wake up sick to my stomach 738 00:36:39,180 --> 00:36:42,229 from carrying that secret around with me. 739 00:36:42,230 --> 00:36:44,079 Down, down, down, down. 740 00:36:44,080 --> 00:36:47,079 And now, I'm all out of secrets. 741 00:36:47,080 --> 00:36:50,109 For the most part, I feel a hell of a lot better. 742 00:36:50,110 --> 00:36:52,999 Looks like you finally found a full-time job. 743 00:36:53,000 --> 00:36:56,109 Yeah, it's good, man. 744 00:36:56,110 --> 00:36:57,119 It's been great. 745 00:36:57,120 --> 00:36:59,119 It's been great, just the two of us. 746 00:36:59,120 --> 00:36:59,531 Yeah, with Steph taking Audrey to Disney World, 747 00:36:59,532 --> 00:37:03,019 Yeah, with Steph taking Audrey to Disney World, 748 00:37:03,020 --> 00:37:04,999 I just get some private time with him. 749 00:37:05,000 --> 00:37:07,059 We can all come back together recharged. 750 00:37:07,060 --> 00:37:08,149 Good. 751 00:37:08,150 --> 00:37:10,159 I wanted to tell you that I've been thinking a lot recently 752 00:37:10,160 --> 00:37:12,019 about something you said to me once. 753 00:37:12,020 --> 00:37:13,049 Mm-hmm? 754 00:37:13,050 --> 00:37:14,199 That the world is never gonna believe 755 00:37:14,200 --> 00:37:16,129 that we weren't involved. 756 00:37:16,130 --> 00:37:19,090 And it just sort of hit me. 757 00:37:21,020 --> 00:37:23,129 So what? 758 00:37:23,130 --> 00:37:25,069 Who cares what the world thinks? 759 00:37:25,070 --> 00:37:28,059 Everyone that matters knows the truth. 760 00:37:28,060 --> 00:37:29,530 The rest is just noise. 761 00:37:29,531 --> 00:37:31,029 The rest is just noise. 762 00:37:31,030 --> 00:37:32,129 Isn't it? 763 00:37:32,130 --> 00:37:35,140 Mark, I've been waiting for you to say that for two years. 764 00:37:37,110 --> 00:37:39,069 Two years, yeah. 765 00:37:39,070 --> 00:37:41,089 Well, life doesn't have to end, right? 766 00:37:41,090 --> 00:37:42,139 No. 767 00:37:42,140 --> 00:37:44,079 Cheers. 768 00:37:44,080 --> 00:37:45,170 Cheers. 769 00:39:36,040 --> 00:39:38,129 It was Mark Madoff's life in privilege and luxury 770 00:39:38,130 --> 00:39:40,109 that also ended two years ago today 771 00:39:40,110 --> 00:39:43,069 when his father was arrested in the massive Ponzi scheme. 772 00:39:43,070 --> 00:39:45,199 And this morning, Bernie Madoff's son 773 00:39:45,200 --> 00:39:50,029 apparently timed his suicide to the very minute and hour 774 00:39:50,030 --> 00:39:51,229 of that anniversary. 775 00:39:51,230 --> 00:39:54,160 It may well have been a message to his father. 776 00:40:24,180 --> 00:40:26,229 She never visited again. 777 00:40:26,230 --> 00:40:29,530 Never called, never wrote. 778 00:40:29,531 --> 00:40:30,571 Never called, never wrote. 779 00:40:34,160 --> 00:40:39,119 My family, they are the only victims that mattered to me. 780 00:40:39,120 --> 00:40:42,069 Everything I did was for them... 781 00:40:42,070 --> 00:40:46,199 To protect them, to provide for them, to give them everything. 782 00:40:46,200 --> 00:40:50,080 I'm never gonna get over what I did to my family. 783 00:40:55,170 --> 00:40:57,199 But as for the rest of you, 784 00:40:57,200 --> 00:40:59,530 you who so badly want to see me suffer for the rest of my days, 785 00:40:59,531 --> 00:41:01,209 you who so badly want to see me suffer for the rest of my days, 786 00:41:01,210 --> 00:41:04,060 in torment, sorry to disappoint. 787 00:41:05,170 --> 00:41:09,009 You remember that smirk? You know? 788 00:41:09,010 --> 00:41:12,140 The one that made the whole world hate me? 789 00:41:14,170 --> 00:41:16,199 You want to know what I was thinking? 790 00:41:16,200 --> 00:41:20,089 It wasn't that I was above the law. 791 00:41:20,090 --> 00:41:23,129 Or that I was gonna beat the rap. 792 00:41:23,130 --> 00:41:25,229 Or that I was better than the rest of you. 793 00:41:25,230 --> 00:41:29,530 It was that at that moment, I realized 794 00:41:29,531 --> 00:41:30,210 It was that at that moment, I realized 795 00:41:30,211 --> 00:41:33,229 that I had actually accomplished 796 00:41:33,230 --> 00:41:36,079 exactly what I set out to do 797 00:41:36,080 --> 00:41:39,119 all those years ago in Laurelton, huh? 798 00:41:39,120 --> 00:41:42,999 Nobody would ever, ever, anywhere, 799 00:41:43,000 --> 00:41:44,119 until the end of time, 800 00:41:44,120 --> 00:41:48,110 pity Bernie Madoff.