On Dec. 11, 2008, Bernard L. Madoff confessed that his investment business was all “one big lie,” a Ponzi scheme that cost investors $65 billion. In this 2009 documentary, FRONTLINE explored how Madoff became the new poster child for Wall Street gall, greed and corruption.
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Through exclusive television interviews with those closest to Madoff’s operation, veteran FRONTLINE correspondent Martin Smith and producer Marcela Gaviria unearthed the details of the world’s first global Ponzi scheme — a deception that lasted longer, reached wider and cut deeper than any other business scandal in history — in The Madoff Affair.
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Funding for FRONTLINE is provided through the support of PBS viewers and by the Corporation for Public Broadcasting. Major funding for FRONTLINE is provided by the Ford Foundation. Additional funding is provided by the Abrams Foundation; the John D. and Catherine T. MacArthur Foundation; Park Foundation; and the FRONTLINE Journalism Fund with major support from Jon and Jo Ann Hagler on behalf of the Jon L. Hagler Foundation, and additional support from Koo and Patricia Yuen.