All language subtitles for Madoff.S01E01.720p.HDTV.x264-GalaxyTV

You want to know
how to get people

to trust you with their money?

I'll tell you right now.

You present it
as an exclusive thing.

Look, what can I tell you?

It's a closed fund.

An elite club
for the chosen few.

It's not a question
of credentials.

Right now,
it's a closed fund.

Of course,
that's just the hook.

Nothing on earth makes people
want something more

than telling them
they can't have it.

You play hard to get.

You make them sweat.

And then...

I'm gonna make
an exception.

I'm gonna make
an exception.

And once they're in,
you make them feel safe.

You give them
consistent returns,

around 10%, 12% a year,
year after year.

If anybody asks you,

"How do you do this?
What's your secret?"

you say to them...

That's proprietary.

And if the questions
keep coming...

You don't like the way I do it,
come up here,

I'll write you a check
for all of it,

and you're out of the fund.

Now, the truth is, of course,

that's the one thing
you can't afford to have --

money going out.

As long as deposits
outpace withdrawals,

As long as deposits
outpace withdrawals,

you can live like a king.

It's a simple business plan.

People give me their money, and
I make them richer than God.

You might say I'm a magician.

And as they say,

a good magician
never reveals his secrets.

Bank stocks
were pummeled again today.

The president,
at a news conference,

- tried today to...
- Nightmare on Wall Street.

There's Andrew.

There.
She's down --

finally.

Let's keep
our fingers crossed

that she sleeps
at least an hour.

Okay.

You know, that kid of yours
is incredible.

You can tell she's, like,
out of this world.

You can tell she's, like,
out of this world.

Uh-huh.

So how long have you and Bernie
known each other?

Oh, my gosh.

I do not want to do the math,
but --

A long time ago.

Well, I was 13 years old when
I -- when I first saw Bernie.

He was
a 16-year-old lifeguard.

Lifeguard?

Mm.
Didn't have a belly then.

Yeah.

Oh! And I knew it.
Now, now.
Give the guy a break.

I knew right away
this was the love of my life --

the man who would take care
of me forever.

Yeah.

Being 13, you know,
doesn't --

It's not as weird
as it sounds now.

It's not as weird
as it sounds now.

Oh, it sounds weird.
It sounds a little perverted.

Come on, now, Mark.

Don't be silly.
I didn't even know what sex was.

O-O-Okay.

Well, listen to me.
Neither did your father.

Took him
quite a long time to --

Mom!
Oh, I don't want to know.
Too long.

I don't want to know.
Eww.

I'm gonna go
to the restroom.

Yeah, yeah.

Darling, have
some more fruit.
Mm.

Give me your plate.
Who wants more fruit?

She's nice.

She's nice, huh, Shana?

Yeah, but it's not serious,
right?
Thank you, thank you.

Uh, it might be.

It's a little early
to tell.
Oh. Oh, honey.

A -- A wife?
I don't think so.

A -- A wife?
I don't think so.

No, you know what?
I like her, though.

I really do.
I really like her.

But she's no Susan.

You didn't like Susan
until we were divorced.

Well, that's because
I see less of her now.

Unbelievable.

Actually,
I've always liked her.
Yeah, thanks.

Aw. Pity.

Pity.
Excuse me, Mark.

Mm-hmm.

Thank you.
Yeah?

Bernie, it's Frank.
Got that thing I sent you?

Yeah, the, uh --
the King Arthur Fund.

Yeah. It might look like
some two-bit fund,

Yeah. It might look like
some two-bit fund,

but it's turning
into a major problem.

What am I looking at?

The King Arthur idiot put it
right there in writing --

guaranteed
12% to 15% rate of return.

Of course
it got the SEC's attention.

Guaranteed 15%?

That would certainly get
my attention.

The problem is,
Avellino and Bienes

allowed this guy to invest,
and now we're exposed.

You connected with them yet?

They haven't
gotten back to us yet.

I've been trying
all weekend.

You know how this works,
Bernie.

The SEC ain't gonna stop
at Avellino and Bienes.

They'll follow it
right up the line to us.

I want them in my office
at 7:30 Monday morning.

I want them in my office
at 7:30 Monday morning.

You understand
what I'm saying?

Okay?
I hear you, Bernie.

I'm not kidding.

They've been living off the fat
of the land for 23 years.

I'm not gonna have it
end up on my doorstep.

Yeah, yeah, yeah.
I hear you, Bernie.

I'm on it.
Okay.

All right. Bye.

I couldn't imagine.

Quiet down, please.

I would like
to propose a toast to my dad...
Mm.

...for kicking prostate cancer
where it counts --

...for kicking prostate cancer
where it counts --

in the butt.

Oh. That's my son.

Of course, we're all so thrilled
that you've beaten this thing,

but I'm pretty sure no one's
more relieved than Uncle Bernie,

since we all know he has no idea

how to turn on those computers
at the firm without your help.

Yeah,
that's actually true.

That's a good point.

First of all, first of all...

Roger can't make it
from the East Side of Manhattan

to the West Side without a map,
okay?

Yeah, but, Dad, seriously --
Bern-- Hey.

Bernie speaking.

Peter...

Peter...

we're thrilled
that you're here.

And we're thrilled
that you're staying.

You're the best father

that Roger and Shana
could possibly have.

And you're the best brother,

whose devotion and loyalty
is never questioned.

-Cheers.
-Cheers.

-Cheers.
-Cheers.

Cheers.
-Cheers.

Oh!

Beautiful toast.

You're not going anywhere
for a long time,

and I know that.

and I know that.

You got to rest.

You got to relax.

Remember that trip
that you took to France?

You went to Provence,

and there was a villa --
Bonne Chance?

Bonne Chance.
Bonne Chance.

That's right.
Okay.

And you said it was
like heaven on earth, right?

Yes.
It was beautiful.

Well, I, uh...

I got you a little bit
of heaven on earth.

Seriously.

I bought you that villa.

I bought you that villa.

You bought me that house?

Yeah.
Oh, my God.

Really, Bern?

What?

No, come on.

No.

You accept it
because you deserve it, okay?

You're crazy.
You know that?

Is everything all right?

Yeah, you know,
you -- you were on the phone

much more than usual
this weekend.

I'm fine, I'm fine.

I just had
to put out a fire.
Mm. Mm.

I've decided
we're gonna do it.

I've decided
we're gonna do it.

Do what?
The addition to the house.

Okay? Okay.

It's a -- a great big
indoor-outdoor rec room

right -- right off
of the living room.

And the patio -- You know,
it's just sitting there.

Nobody's using it.

Why do we have
to build an addition?

You want a bigger house.
We'll buy a bigger house.

No, no, no.
Unh-unh.

No.

I am never saying goodbye
to this house.

No, I love it.

It's our first
real splurge --

It's our first
real splurge --

from Roslyn Heights
to Montauk.

Yeah.

There's no limit.

Judy, Judy!

Take this freaking call,
will you?

Trades that used to take
a day and a half,

now you can do
in a millisecond.

New offices look terrific.
Thank you.

How long
have you been here?

How long
have you been here?

About a year.

Here's, uh, my two boys --
Mark and Andrew.

Say hello to Nathan.
Huh?

They're growing up.

And, uh,
in here should be...

Yes.

Peter, my brother,

and this is his daughter,
Shana,

who's
our new in-house counsel.

Hi, there.
How are you?

Peter was the one
who thought

about all that computer stuff
long before I did.

I was still using
an abacus.

That's amazing.

We have something
for you.
Yeah.

I suppose there are two ways
now to look at this place --

I suppose there are two ways
now to look at this place --

as a high-tech
financial-services outfit

that helped create NASDAQ,

or, as I like to see it,

a very closely knit
family business.

You know
how I look at you?
How?

As a guy who doubled my money
in six years.

That's for
his college fund.

Hello?

Avellino and Bienes
just landed at JFK.

They're on their way.

I'll be there in five.

I'll be there in five.

Nathan,
got to cut it short.

It's good seeing you again,
Bernie.

Good seeing you.

Bernard L. Madoff
Investment Securities.

I built this firm from nothing

into one of
the premier market-making firms

on Wall Street.

What's market making?

Don't worry.
You don't need to know.

It's not the sexiest corner
of the finance world,

but it's 100% legit.

The only thing is,
it doesn't have a thing to do

with managing
my investors' money.

The exclusive fund with the
amazingly consistent returns?

The exclusive fund with the
amazingly consistent returns?

That's a whole other business

that I run from down here
on the 17th floor.

Nobody, but nobody, comes down
here without my permission.

But it's not the kind of thing
you can do alone.

Meet Annette Bongiorno.

Bernie.

When I hired her, she looked
like Elizabeth Taylor.

Annette makes sure
the detailed account statements

go out to our clients
every month.

go out to our clients
every month.

Jodi Crupi.

Oh, hey, Bernie.

Annette's best friend's
cousin's lesbian girlfriend.

Her one and only job -- knowing
the daily balance of the fund.

Finally,
the man behind the wheel

down here on the 17th floor.

He walked in my door at age 19
with nothing but chutzpah.

Now he's as essential
as my right hand.

Frank DiPascali.

Frank DiPascali.

We got a problem, Bernie.

Well, let's get down
to business.

How much is in the Avellino
and Bienes account right now?

Uh, about $400 million.

About $400 million.

I don't care
about "about."

I want to know exactly.

Okay.
Let me get Annette.

Annette, get in here.

Bring the Avellino
and Bienes account.

How about you get off
your butt and come get them?

Hey, hey.

Bring it in to Bernie,
okay?

I swear.

She gets to be more
of a pain the ass every day.

She gets to be more
of a pain the ass every day.

Watch out.

She's the one
who brought you in.

Yeah,
17 years, two husbands,

and about
1,500 eggplant Parms ago.

I'm sorry, Bernie.

I didn't know I was talking
to anybody but Mussolini here.

Annette, just give me
the accounts, will you?
Yeah, the account.

Jodi.

$388,693,119.

Total of cash accounts
as of 9:00 a.m. this morning.

Excellent.

Yeah, fine. Okay.

Thank you.
No, thank you.

Get out of here, will you?

Go chase a car.

Okay, so, we're only
about $14 million short.

I mean, if worse came to worse
and we had to pay it all back...

Well, we have to pay everybody
back to the last dime,

or else we're gonna be
facing an SEC inquiry.

Does Avellino and Bienes
know that?

In about an hour.

Frank Avellino
and Michael Bienes.

These two suckers
are under the illusion

that their investors in my fund

have a collective net worth
of -- yep, that's right --

have a collective net worth
of -- yep, that's right --

$402 million...

that I now have to repay
in full.

There he is.
Bernie.

Hey. Hey.

Bernie, you look great.
You look great.
Thanks a lot.

And the boys...
Grown men!

Oh. Yeah.

Three grandkids now,
am I right?

Yeah,
beautiful grandkids...

Beautiful.
...beautiful kids,
beautiful...wife.

Shut up and sit down.

It's over.

What do you mean,
"it's over"?

What do you mean,
"it's over"?

I mean, it's over.

I'm shutting you down.

Bernie.
Come on.

Hear us out, Bernie.
We never --

How many millions
of dollars

have I made you guys
over the last 20 years, huh?

Huh?

You're buying art.

You got a yacht.

I understand you're actually
doing some philanthropy, right?

So if I was you, the question
I would be asking is,

how much is this lifestyle
worth to keep it?

Now...

...here's what
you're gonna do.

You're gonna do everything
my lawyer tells you to do.

You're gonna pay
any fines or penalties

that are levied
against you.

And you're gonna tell your
partner, this King Arthur guy,

that his little pamphlet

put the two of you
out of business, okay?

Whatever you say, Bernie.

Is that clear?

Yeah, but, um...

just so you know,
this King Arthur guy --

just so you know,
this King Arthur guy --

We told him the rules.
We did.

He knew the rules.
It wasn't us.

You know, it may be
exactly as you say.

But here we are.

Those for Ruth?

Yeah.

I'm gonna do you
a favor.

Ruth hates irises.

So pick a secretary
and give it to her.

Get out, get out.
Get out.

Hey, Shana.

Hey, Shana.

Do you have any idea what
they're talking about in there?

Who knows, Mark?

Maybe they're
picking horses.

The problem is gonna be
getting another $400 million

before another client
asks for a big redemption.

Why not hit up
one of the big fish?

Carl? Or Picower?

No, no.
Or Levy.

I mean, those guys got
plenty more they could put in.

Two decades, these people
have been with me,

and they've been
making straight money.

Carl even longer.

Carl even longer.

I ask for a handout from them,
and they lose confidence.

No, no, no, no, no.

Big fish.

Big fish are out,
and so are their friends.

Well, that takes care

of just about every Jewish
businessman in New York City.

Okay.

All right. Enough.

Enough for today.

You know, the SEC

is still gonna want
to see records, you know?

So give them some records.

What, for 3,000 clients?

Yeah. So?

Some of those accounts
go back to the 1960s.

Well, I guess
you'll just have

Well, I guess
you'll just have

to earn your paycheck,
won't you?

Oh.
Oh, yeah.

Mm. Oh, yeah.

Oh.
Yeah.

Oh.
Where the arch is.

Get -- Get --
Get in there.

You -- Mm!
Aah!

How's your back?
You've got a lot of tension.

Everywhere.
Oh, wait.

Even up here.
Stop!

It's the business.
It's the business.

What, honey?
What do you mean?

We're not expanding.

We've got
to keep expanding.

Or else...
Oh.

Or else you're going backwards.
Yeah, I know.

So, what do -- What do
you want to do about it?

I want to get bigger.

I want to get bigger.

I want to get
bigger investors.

I want more.

You mean like
that Jeremy Billings

we met in Florida last year
with his wife?

You remember?
Who?

His partner's Blake North.

They've got this big,
very fancy hedge fund,

and he's got
five daughters.

And if that isn't a kick,
they all look like models, too.

Where did --
How do you know all this?

I can read.

Look at this.
Gorgeous, huh?

Well...

I doubt they have
any Jewish friends.

They look like a Polo ad,
huh?

Why -- Why don't you
invite him to lunch?

No.

Why don't you invite her
to lunch

and tell her we don't accept
any new investors?

You are a vice president
of the company, after all.

All right.

If you want me to earn
my salary, you insist, okay.

Greenwich, Connecticut.

Home of Blake North.

If I could reel him in,
the money I needed to pay out

would be pocket change.

Legacy.

Heritage. Tradition.

Those were the big words
in my family.

So you can imagine the uproar

when I off and married this
exotic "mujer from the barrio."

He's wearing a pink jacket.

Don't laugh.

With his money, he can wear
whatever the hell he wants.

I grew up in Rio, but went
to school in Switzerland.

We sent
all our girls there, too.

We sent
all our girls there, too.

All five of them?
Right?

Oh, my God.
Mm-hmm.

I saw a picture of them
in East End Living.

So beautiful.
Mm-hmm.

Yeah.
Well, you must have had
your hands full

when they were teenagers,
huh?

Why do you think
we sent them to Switzerland?

And where did your boys
go for school?

Well, for high school,
Roslyn High,

home of the Warriors.

And then Mark went to Michigan
and Andy went to Penn.

How about your girls?
Where did they go to college?

How about your girls?
Where did they go to college?

Oh --
Honey, why don't
you show Ruth the stables?

They, uh, they were feeding
the Arabians there earlier.

Magnificent creatures if you've
never seen them up close.

I guess you know the code
for "time for business"...

Yes.
...as well as you do,
I'm sure.

Ah.

This way.

Okay.

So, where did you send
your girls to college?

Harvard, Brown...

Harvard, Brown...

Princeton, Brown,
Princeton.

He's waiting for me
to pitch him.

I don't pitch.

Right now,
only one thing counts.

Whoever talks first, loses.

So, I'm glad
our lawyers put us together.

I remember now
that Irving gave me $50,000

at a time when that was
quite a bit of money

for someone
in his position.

And it has reached a point,
absolutely and certainly,

your granddaughter
will have no trouble at all

in making tuition
at any school of her choice.

So, what can I do for you?

On the one hand, I would
really like to take the money

and put it
in a savings account,

and on the other hand,
I mean,

and on the other hand,
I mean,

Irving spoke so highly of you,
and -- and he trusted you.

Um, I'm going to write you
a check

for the complete amount
of your account,

and if you change your mind
and want to put it back with me,

I will gladly accept it.

Here is that check.

Yeah, the check's no good.

But look at her eyes.

She trusts me.

Well, Irving trusted you.

Trust -- the basis
of any long-term relationship.

I had $3,000 in my bank account
on my wedding day --

just the money
I saved from summer jobs.

Now, there's
no guarantees in life,

but this is as close to it
as you're gonna get.

It's money in your pocket,

and I want to get you in
on the ground floor

because this is a home-run deal,
all right?

The ball
is sailing over the wall

at Yankee Stadium as we speak,

and I want to get you in there
before some schmuck...

and I want to get you in there
before some schmuck...

Dialing for dollars, pushing
penny stocks, I was doing fine.

Now, look, I understand
why you'd be apprehensive.

I get it.

But it is 100 shares for $10.

What do you have to lose?

Okay, put me down
for 100 shares, Bernie.

I thought you'd see it my way.

But it was
my father-in-law, Saul...
All right.

...who set the big balls
in motion

by believing
in his new son-in-law enough

to pitch to him
his best clients.

Bernie, I want you
to meet Jerry Samuels.

Bernie, I want you
to meet Jerry Samuels.

My son-in-law,
Bernard L. Madoff.

Jerry Samuels.

Saul tells me you're ready
to make some money.

Steven Hirsch.

My son-in-law,
Bernard L. Madoff.

Steven Hirsch.

It's a pleasure
to meet you.

Saul says you're ready
to make some money.

Samuel Scheinbaum.

My son-in-law,
Bernard L. Madoff.

Samuel Scheinbaum.
It's a pleasure to meet you.

Saul says you're ready
to make some money.

Within a year of Saul
funneling me clients

from his accounting business,
I was $25,000 in the black.

from his accounting business,
I was $25,000 in the black.

Then it all fell off a cliff.

The penny stocks
I had my clients in got killed.

That's when it hit me.

All I needed was someone
to cover my clients' losses...

someone whose cash I could use

and make it look like
they'd weathered the storm,

like I'd kept them safe.

It would take
every penny I earned to do it,

It would take
every penny I earned to do it,

but I could make them whole.

You can call it cheating
if you want,

but are you really
doing anything wrong

if the Peter you're robbing
to pay Paul is you?

$72 --
That's all I'd have left.

But it was a small price to pay
for what I was buying --

admiration, trust, respect.

Sam.
Bernie Madoff.

Hey.
Slow down, slow down, slow down.

That -- That -- That --
That's why I'm calling, Sam.

You're okay.

I saw this whole thing
coming a week ago.

I saw this whole thing
coming a week ago.

I moved your entire portfolio
into Treasuries.

Everything is aces.

Like I said...

No.

I'm not a genius.

I just know
how to ride the market.

...the basis of
any long-term relationship.

You promoted Frank.

You won't let us
in the investment business,

and you promote Frank.

I've worked here
for seven years, Dad.

I've worked here
for seven years, Dad.

I earned that promotion.

You know, boychick,
you remind me of me.

I love you.

Listen,
Frank's been here 20 years.

Seven years
is barely out of the minors.

The minors?

I reorganized the workflow
between traders and management.

Andy developed our entire
strategy for emerging markets.

We manage hundreds of millions
of dollars every year

here on 19.

We're good at what we do,
Dad.

We're good at what we do,
Dad.

So...

look, why won't you
just let us in?

We can help with
investment management on 17

just like we do
with trading up here.

Marky, I'll know
when you're ready.

I built this whole thing
by listening to my gut.

So when my gut tells me you're
ready, you're in like Flynn.

And until then, you've got
financial security,

you're seasoned.

Come on.

A little patience, pal.

Yeah, come on, Marky.
Don't call me Marky.

Yeah, come on, Marky.
Don't call me Marky.

You know, just...

Just so I'm clear,

you're saying that Frank
is qualified and I'm not?

Marky...

why don't you take it
like this?

If he screws up,
I can fire him.

If you screw up,
I can't fire you.

You're blood.

So until I know,
we do it my way.

And now we're done.

And now we're done.

You know what you need to do,
brother?

You need to breathe, relax,
and trust Dad a little more.

Okay?

You're getting
what you want.

Just be
a little more patient,

and eventually, you will be
a very happy man.

So just relax.

But if you want
to keep pushing him,

he's just gonna fight you.

I'm really glad
we had this talk.

Are you, uh...

I mean, do you have
your own passcard?

Jodi...

don't be ridiculous.

Um, Mark, is there
something that I can do for you?

Jodi, I'm fine.

Jodi, I'm fine.

Can I help you
with something?

Mark...

can I help you?

No, you can't help me.

I just wanted to say...

congratulations, Frank.

Thank you.

The SEC is here?

Now? Today?

Don't worry, Frank.
There's nothing to worry about.

I mean, you could have
at least told me, huh?

The records -- They aren't
even close to ready.

Take a breath.
Take a breath, Frank.
I don't have signatures.

I'm waiting
for the files to be --
Take a breath.

We don't have to show them
any records today.

All we got to do
is make them believe

that we're gonna make
their lives easy.

Now, very slowly,

I want you to turn
and look at them.

I want you to turn
and look at them.

Go ahead.

Now, you're gonna tell me

that Frank DiPascali
is afraid of that?

It's the personal level

that's the most embarrassing
for me.

30 years
I've been doing business

with Bienes and Avellino,

and then to find out they're
selling securities improperly

and then to find out they're
selling securities improperly

makes me
feel like an idiot.

I spoke to your boss.

I already told him

to just say the hows
and the wheres and the whens,

and we'll make sure
that all the investors

have all their money back.

I can't even imagine
how terrible the anxiety is

these people are feeling.

So, what happens next?

Brass tacks.

Well, it's pretty simply,
really.

Basically,
we just need the records

from the Avellino and Bienes
accounts

dating back to when you started
doing business with them.

dating back to when you started
doing business with them.

30 years of fake documents?

Frank could take care of it.

And the SEC
wasn't the real problem.

The real problem was,

how was I gonna replace
that $400 million?

When Carl Shapiro
first put money with me,

it was like King Solomon
himself had vouched for me.

The money I needed --

Carl could have written me
a check for that in his sleep.

The thing is, the main reason
he put so much money with me

The thing is, the main reason
he put so much money with me

over all those years
is that I never asked for it.

Ozzie Kraus.

We started out together
in the Garment District.

He said I was crazy to make
nice dresses out of cotton,

that women wanted silk.

I said, "Well, working women
like nice dresses, too."

That was 1946.

By 1951,
I made my first $10 million.

He was still selling suits.
Mm.

Looks like he's doing
pretty good, though.
Eh.

Might be worth
$15 million, $20 million,

but when you spread it
across all those years,

but when you spread it
across all those years,

it's not a hell
of a lot of growth.

He didn't have the drive
like you do.

Like I do.

Millions?

For schleppers.

You got to go for billions.

You know, they say tennis
is the sport of kings,

but golf is the sport
of deal-making.

I -- That's --
That's why I quit tennis.

"The son I never had" --

That's what Carl's
been calling me for 30 years.

That's the only thing.

See the Blumenthals
over there?

Talked my ear off
all afternoon.

"Can I please make
an introduction?

"Can I please make
an introduction?

I'm just dying to get
into Bernie's fund."

They're probably
stalking you right now.

His only daughter had married
a man named Bob Jaffe.

All I'm saying is that
they're not the only members

who would give their right hand
to get into the fund.

You know, we come down here
to get away from business, Bob,

not to drum it up.

This is not a place
to discuss business.

It's in the club charter.

We don't talk business here.

Of course.

That said,
if you were to want to expand,

I'd be more than willing
to help.

I'd be more than willing
to help.

Eat.

Uh-oh.

You think letting Bob Jaffe

comb Palm Beach for clients

will get you
$400 million overnight?

Well, maybe yes
and maybe no, Frank, but...

a few million here
and a few million there,

it can buy us
some time, right?

Hi, Bernie.
Blake North.

Listen, I've been doing
my best with Jeremy,

but it's just -- He still
feels he needs more to go on

but it's just -- He still
feels he needs more to go on

for us to consider
coming on board.

So if we can facilitate
a meeting,

I think it would go a long way
to settling his concerns.

So, uh, give me a call.

Hey.

Hey!

Hey!

-Surprise!
-Surprise!

-Surprise!
-Surprise!

d What a man,
what a man, what a man d

d What a mighty good man d
Sweetheart.

d Yes, he is d

d What a man,
what a man, what a man d

d What a mighty good man d
What is that?

Chairman of NASDAQ.

What is that?

How could I be chairman?
I never heard of --

We found out yesterday.
We wanted to keep it a surprise.

Maybe have a party.
Got it all together.

-Congratulations.
-Congratulations, Dad.

-Oh, man.
-Confetti all over the place.

This is great.

I'm so proud of you,
sweetheart.

God, I always knew.
I knew this was your destiny.

God, I always knew.
I knew this was your destiny.

Mm.
Mm.

d I got a good man d

d What a man,
what a man, what a man d

d What a mighty good man d

d Uh,
a mighty, mighty good man d

d What a man,
what a man, what a man d

d What a mighty good man d

d Yes, he is d

d What a man,
what a man, what a man d

d What a mighty good man d

d What a mighty good man d

d Ooh, what a man,
what a man, what a man d

d What a mighty good man d

d He's a mighty,
mighty good man, y'all d

d Unh d

d What a mighty,
mighty good man, y'all d

d What a mighty,
mighty good man, y'all d

d Yeah d

d What a mighty good man d

d Ooh d

d Yeah d

From a back room
in my father-in-law's office

to chairman of NASDAQ,

the second-largest exchange
in the world.

A high watermark.
You better believe it.

A position like that?

I'd never have
to sell myself again.

The title would do it for me.

The title would do it for me.

Yeah.

No, no. No.
Bernie?

I got to go.

One more thing
about closing a deal --

Always save your best play
for last.

Well...

everything we've looked at
looks good.

But there's no mention in here
about the 2 in 20 split.

There's no -- no mention
about the management fee at all.

That's right.

Well, what do you mean,
"that's right"?

Even if you want to go 50-50,
it needs to be in writing.

Even if you want to go 50-50,
it needs to be in writing.

No.
No.

We're not gonna go 50-50.

Well, then, uh, we need to go
back to the negotiating table,

get the lawyers to draw up
entirely new contracts,

start from scratch.

You know, I don't think you
really want to do that, Jeremy.

Oh, yeah?

Tell me -- Why's that?

Because we don't take
any fees.

We make our money
on the trades.

The management fees
are all yours.

The management fees
are all yours.

I thought
you understood that.

So, uh...

I suppose we should talk
about the initial buy-in.

The gold standard
in seduction --

the moment your client

starts to think he's the one
getting one over on you.

Did he really just...
Yes.

But why wouldn't he...
Jeremy.

But why wouldn't he...
Jeremy.

The best thing
that will ever happen to us

in our whole lives
just happened.

Do you really want
to ruin it?

After that,
you couldn't stop them

from giving you their money
if you tried.

Once word got out
that Bernie Madoff

would deliver
your hedge-fund returns

without taking a penny of fees
for himself...

My name is Rene-Thierry Magon
De La Villehuchet,

and I have been looking forward
very much to this day.

Thank you so much.

And we will be in touch,
and we will visit.

And we will be in touch,
and we will visit.

Thank you.
Ah. Ah.
Adieu.

Greg Perkins.
Great to meet you, Bernie.

You're not gonna
regret this.

Neither am I.

Vera Zweig.

A great pleasure to meet you,
Mr. Madoff.

Excellent.

Ja.

$10,006,442,853.64.

$10,006,442,853.64.

Total cash in hand
as of 9:00 a.m. this morning.

$10 billion.

Not bad for a poor Jewish kid
from Queens.

Oh, come on.

Got a minute?

No, I do not.

You're a math guy.

A math guy?

How much of a math guy?

I have a pretty thorough
grounding in calculus,

from integral
to differential,

plus linear algebra
and statistics --

both normal and non-normal.

Yes, I suppose
you could call me a math guy.

Yes, I suppose
you could call me a math guy.

Take a look at this.

What is that?
A prospectus.

Don't ask me where I got it.
Where did you get it?

Harry, have you ever heard
of Bernie Madoff?

Private fund, right?

Consistent returns
year in, year out.

We need to do
what he's doing.

I need you to reverse --

Reverse-engineer
his trading strategy.

See if we get his results.

That's right, Harry.

And have a good night.

You're holding in your hands
an exact replica

of a 1965
Aston Martin Volante.

Only 37 of them
ever made.

Two remain
in the United States.

Hmm.
It's beautiful.

Roger gave it to me
for Father's Day.

I'd been hoping
for a big one.

I was happy
to have the model.

Hey.

I need you
to sign some things.

Hello, to you, too,
Frank.

It's not a good time.

It'll just take you
five minutes.

Just a set of filings

for some accounts
that didn't get processed right.

Okay, Frank.

I'll, uh...

I'll look them over,
and I'll get back to you.

There's no time for that.

I just need your Chief
Compliance Officer rubber stamp.

He said
he'll get back to you, Frank.

So...

Okay, Mark.

Vroom, vroom.

Vroom, vroom.

Very nice.

I was now moving
in the highest class of people.

Like Elie Wiesel -- Holocaust
survivor, Nobel Laureate.

It is the twinge we feel

when we go against
our conscience.

This is a gift
given to most of us --

the knowledge of wrong.

And perhaps merely listening
to those feelings of guilt

And perhaps merely listening
to those feelings of guilt

is the secret
to living an ethical life.

Perhaps, in the end,
it's as easy as that.

Thank you.

For me,
it's the market volatility

that always scares me off.

Well, of course.

You don't know
how the system works,

and then you're going to entrust
everything you've worked for

to it?
Exactly.

I'll tell you the truth,
Elie.

The fact is that if you're
in the market for real,

The fact is that if you're
in the market for real,

you don't have to look at it
on a daily basis, you know?

It goes up 300,
it goes down 300.

It really doesn't matter.

What you got
to think about is,

are you in, and do you trust the
general health of the markets?

Then you'll be fine.

You're gonna do okay.

It -- It would
certainly be an honor

to help you
in any way we could.

Our whole family
would be so honored.

Absolutely.

Elie Wiesel,
virtuous humanitarian.

Didn't stop me for a second
from taking his money.

It's not as though
I'm gonna sit here

and tell you that you
can't live without me.

and tell you that you
can't live without me.

You know, you've done very well
with the guy you're with,

so maybe
you just want to stay put.

Well, imagine
if I lost your money.

I wouldn't be invited
to any bar mitzvah

in the city of New York.

You are Bernie Madoff.

Yes, I am.

Sheryl Weinstein.

C.F.O. of Hadassah,
the women's organization.

I am familiar
with Hadassah.

Good.

Probably looks like
I'm stalking you --

waiting for you outside
the bathroom like this.

waiting for you outside
the bathroom like this.

Well, actually,
until you said that,

I would have just thought

that you were waiting
for the bathroom.

Damn.

I just blew my own cover,
right?

Listen...

I'm glad
you have Hadassah as a client.

I, uh -- I know you
don't take on just anybody.

But I would love a chance
to talk to you about our goals.

Well, Sheryl, um...

I have
an idea about charities.

It's not about the size.

It's not about the size.

It's about
the people behind them.

So, uh...

why don't you call my office,
and we'll set something up?

Oh, here you are.

Ira's looking for you.

He wants to introduce you to --
to some big cosmetics C.E.O.

Ruth, this is, uh...
Sherry? Sheryl.

Sheryl Weinstein.

Sheryl Weinstein
from Hadassah.

Oh! Wonderful.

You -- You ladies
do such good work.

Thank you.

Thank you.

Bern,
back in the saddle.

Yeah.

Good evening, and welcome

to the fourth annual Madoff
Family Foundation Fund-raiser.

As Chairman of NASDAQ, I am
grateful for you to be here.

As Chairman of NASDAQ, I am
grateful for you to be here.

Those of you
who are here tonight

know already
that you are the recipients

of an enormous,
almost miraculous, growth

in personal wealth.

Technology and innovation
have allowed us

to receive an amount of wealth

that our parents could not
possibly even have dreamt of.

But there are still far too many

who have not been
the recipients of such wealth.

who have not been
the recipients of such wealth.

They have neither the money
nor the benefits

that wealth can bring.

So, why do we give?

Because we believe
in this system

that is perfected
by the act of giving.

Why do we give?

Do you know
how he does it?

You figured it out
in one night?

Because it feels good.

Madoff. You want
to know how he does it?

Yes.

Why do we give?

He doesn't.

Because we care.

It's a fraud.

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