Tuesday, June 21, 2011

On December 11, 2008, he admitted it was all "one big lie."

Since the mid-1960s, Bernard Madoff tapped money from Jewish businessmen at exclusive country clubs with the promise of steady guaranteed returns on their investments...over the next 40 years channeling billions of dollars to his investment firm and becoming fabulously wealthy.
The competition wondered how he could produce such steady returns, and he was investigated by the SEC several times over the last two decades. FRONTLINE producers Martin Smith and Marcela Gaviria unravel the story behind the world's first truly global Ponzi scheme-a deception that lasted longer, reached wider, and cut deeper than any other business scandal in history...9pm

Season 9 of History Detectives premiers tonight with mysteries covering Pearl Harbor, the Civil War, and Hollywood Westerns...7pm

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