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<i>DIANA: My name is Diana Henriques.</i>

5
00:00:29,563 --> 00:00:33,033
<i>As an investigative reporter
for the New</i> York <i>Times,</i>

6
00:00:33,133 --> 00:00:35,670
<i>I had been covering
the Bernie Madofl' scandal</i>

7
00:00:35,736 --> 00:00:37,306
<i>fmm the day it began.</i>

8
00:00:38,906 --> 00:00:42,251
<i>After months of requests
and correspondence,</i>

9
00:00:42,342 --> 00:00:45,721
<i>I was finally able
to sit down and interview Bernie Madoff</i>

10
00:00:45,812 --> 00:00:48,656
<i>on August 24th, 2010.</i>

11
00:00:50,150 --> 00:00:51,493
<i>Until today,</i>

12
00:00:51,552 --> 00:00:54,533
<i>his only visitor, apart from lawyers,</i>

13
00:00:54,588 --> 00:00:56,590
<i>has been his wife.</i>

14
00:00:57,491 --> 00:01:01,405
<i>He has not answered
any independent questions about his crime,</i>

15
00:01:01,495 --> 00:01:04,942
<i>except when standing in a courtroom
responding to a judge.</i>

16
00:01:05,032 --> 00:01:06,409
(DOOR BUZZES)

17
00:01:06,500 --> 00:01:08,275
<i>On those occasions,</i>

18
00:01:08,368 --> 00:01:11,781
<i>he seemed stiff, almost rehearsed.</i>

19
00:01:11,872 --> 00:01:13,510
<i>But in our conversation,</i>

20
00:01:14,007 --> 00:01:17,352
<i>he seemed relaxed, unfailingly candid,</i>

21
00:01:17,578 --> 00:01:20,286
<i>earnest, and trustworthy.</i>

22
00:01:21,014 --> 00:01:23,620
<i>That is his talent and his curse.</i>

23
00:01:25,619 --> 00:01:27,030
<i>That is what enabled him</i>

24
00:01:27,087 --> 00:01:29,693
<i>to pull off the biggest
Ponzi scheme on record.</i>

25
00:01:30,924 --> 00:01:33,700
<i>$65 billion.</i>

26
00:01:35,963 --> 00:01:38,375
<i>Bernard L. Madoffl</i>

27
00:01:38,432 --> 00:01:43,313
<i>Inmate number 61727054.</i>

28
00:01:44,237 --> 00:01:45,307
(DOOR CLOSES)

29
00:01:51,044 --> 00:01:52,717
(NEWS JINGLE PLAYS)

30
00:01:53,313 --> 00:01:54,724
<i>REPORTER:
In overseas trading today,</i>

31
00:01:54,781 --> 00:01:59,753
<i>the Nikkei was down over 8%,
with Australia's benchmark not far behind.</i>

32
00:01:59,820 --> 00:02:02,562
<i>The crisis shows no sign of ending</i>

33
00:02:02,623 --> 00:02:04,796
<i>as Dow Futures
are down this morning on Wall Street</i>

34
00:02:04,891 --> 00:02:08,270
<i>and Main Street
continues to find itself in the crosshairs</i>

35
00:02:08,328 --> 00:02:09,773
of the largest meltdown...
- Shit.

36
00:02:09,830 --> 00:02:11,639
<i>...since the Great Depression.</i>

37
00:02:11,732 --> 00:02:13,939
<i>Investors and banks
are holding onto their cash</i>

38
00:02:14,001 --> 00:02:17,414
<i>until more certainty
can be flushed into financial markets.</i>

39
00:02:17,471 --> 00:02:19,508
<i>Let's g0 now to Bob Summers</i>

40
00:02:19,606 --> 00:02:24,316
<i>with a story on yet another city
going under from the mortgage crisis.</i>

41
00:02:24,411 --> 00:02:26,914
<i>REPORTER: I'm in Fresno, California,
where if you look around...</i>

42
00:02:27,848 --> 00:02:29,259
(ELEVATOR BELL DINGS)

43
00:02:32,753 --> 00:02:34,460
Just let me lead it off.

44
00:02:34,521 --> 00:02:36,660
It's completely fucking crazy.

45
00:02:36,757 --> 00:02:38,634
We can't back down on this one, Andy.

46
00:02:38,692 --> 00:02:40,763
ANDREW: We're not gonna back down.
We're gonna hold firm.

47
00:02:40,827 --> 00:02:42,773
What, no good mornings, no hellos?

48
00:02:42,829 --> 00:02:44,467
Dad?

49
00:02:47,701 --> 00:02:49,374
What's going on?

50
00:02:49,536 --> 00:02:51,812
You're giving out $175 mil in bonuses?

51
00:02:51,872 --> 00:02:53,112
- I am.
- In December?

52
00:02:53,540 --> 00:02:55,178
We've had a very strong year.

53
00:02:55,275 --> 00:02:57,653
The yeafs not over.
We don't know where we're gonna land.

54
00:02:57,711 --> 00:02:58,849
(SIGHS) lwanna reward people.

55
00:02:58,945 --> 00:03:00,982
I want them to feel good
about the work they've done here.

56
00:03:01,048 --> 00:03:03,358
There's a reason that the bonuses
go out in February,

57
00:03:03,450 --> 00:03:04,485
especially in this climate.

58
00:03:04,551 --> 00:03:06,690
You're not hearing me.
(BREATHING HEAVILY)

59
00:03:06,787 --> 00:03:08,892
It's important that
people can take care of their families.

60
00:03:08,989 --> 00:03:10,491
ANDREW: lsn't it better to play it safe?

61
00:03:10,891 --> 00:03:12,893
Hang on to any windfall jusi in case?

62
00:03:12,993 --> 00:03:15,030
I'm paying out the bonuses now.

63
00:03:15,128 --> 00:03:17,130
MARK: But that's crazy.
It doesn't make any sense.

64
00:03:19,199 --> 00:03:22,578
- Peter.
- Bemie, come on.

65
00:03:23,303 --> 00:03:25,977
This isn't a fucking debate.

66
00:03:26,973 --> 00:03:30,011
L'm paying out the bonuses now.
I'm taking care of everybody.

67
00:03:30,544 --> 00:03:31,852
ANDREW: Dad, are you all right?

68
00:03:32,379 --> 00:03:34,222
What's going on with you?

69
00:03:34,815 --> 00:03:36,158
I'm okay.

70
00:03:36,817 --> 00:03:38,490
ANDREW: Okay, you're sure?

71
00:03:38,552 --> 00:03:40,054
PETER: Bernie, just tell them.

72
00:03:40,987 --> 00:03:42,398
ANDREW; Tell us what?

73
00:03:45,659 --> 00:03:47,832
What is it, Dad? What's going on?

74
00:03:53,500 --> 00:03:55,173
What is it, Dad?

75
00:03:56,169 --> 00:03:57,512
(SIGHS)

76
00:03:58,538 --> 00:04:00,017
I have to talk to you.

77
00:04:00,073 --> 00:04:02,212
ANDREW: You can. You know you can.

78
00:04:02,342 --> 00:04:04,049
I know.

79
00:04:12,452 --> 00:04:14,728
Fucking fishbowl here.

80
00:04:16,690 --> 00:04:19,068
Fucking fishbowl.

81
00:04:19,693 --> 00:04:20,728
ANDREW: Huh?

82
00:04:22,596 --> 00:04:24,872
(STUTTERS)
Everybody can see everything in here.

83
00:04:24,931 --> 00:04:27,537
How come we never got fucking blinds?

84
00:04:27,968 --> 00:04:29,208
(PHONE RINGS)

85
00:04:30,203 --> 00:04:31,944
RUTH: <i>Hello?</i>
BERNIE: <i>Hello, Ruth.</i>

86
00:04:32,038 --> 00:04:33,574
RUTH: <i>Hi.
BERNIE: The boys and I are heading home.</i>

87
00:04:34,107 --> 00:04:35,108
RUTH: <i>Why?</i>

88
00:04:35,208 --> 00:04:37,051
BERNIE: <i>Ihave</i> to talk to you all.

89
00:04:37,477 --> 00:04:39,457
<i>RUTH: Oh. Okay.</i>

90
00:04:39,546 --> 00:04:41,787
<i>BERNIE: Yeah, we'll be home soon.
RUTH: <i>All right.</i>

91
00:04:46,753 --> 00:04:48,232
(VEHICLES HONKING)

92
00:04:50,056 --> 00:04:52,161
ls it your health?

93
00:04:53,760 --> 00:04:56,070
(SIGHS) No.

94
00:05:07,007 --> 00:05:08,577
(ELEVATOR WHIRRING)

95
00:05:09,810 --> 00:05:11,084
(BEEPING)

96
00:05:13,313 --> 00:05:14,417
(ELEVATOR BELL DINGS)

97
00:05:19,820 --> 00:05:22,266
Let's go in the study downstairs.

98
00:05:26,860 --> 00:05:28,100
(DOOR CLOSES)

99
00:05:32,098 --> 00:05:35,307
<i>BERNIE: There's no way to...
<i>to sayit.</i>

100
00:05:37,204 --> 00:05:39,684
<i>None of it is real.</i>

101
00:05:39,773 --> 00:05:41,684
<i>It's all one big fucking lie.</i>

102
00:05:41,775 --> 00:05:44,153
- MARK: What is?
- The advisory.

103
00:05:44,211 --> 00:05:45,690
(STUTFERS) It's a fraud.

104
00:05:45,779 --> 00:05:47,781
There are no investments.

105
00:05:47,848 --> 00:05:50,192
(CHUCKLES) What are you talking about?
Of course there are investments.

106
00:05:50,283 --> 00:05:51,523
I made them up.

107
00:05:51,618 --> 00:05:52,995
They're on every statement.

108
00:05:53,687 --> 00:05:56,031
-(STU1TERS) I made them up.
-l've seen the trades.

109
00:05:56,122 --> 00:05:57,294
BERNIE: They're fake.

110
00:05:57,791 --> 00:05:59,862
(CLICKS TONGUE) It's all fake.

111
00:05:59,960 --> 00:06:02,133
Basically, just a big Ponzi scheme.

112
00:06:04,130 --> 00:06:06,906
What's a Ponzi scheme?

113
00:06:07,000 --> 00:06:08,570
I took money from some people

114
00:06:08,668 --> 00:06:09,976
and I gave it to others and I never...

115
00:06:10,036 --> 00:06:11,515
There's nothing left.

116
00:06:12,138 --> 00:06:14,641
(STAMMERS)
There's supposed to be $50 billion.

117
00:06:15,342 --> 00:06:17,344
There's absoluiely nothing. It's all gone.

118
00:06:17,911 --> 00:06:21,222
I spoke to Peter.
I told him I'm gonna turn myself in next week.

119
00:06:24,818 --> 00:06:26,923
(SCOFFS) How could you do this?

120
00:06:28,321 --> 00:06:31,097
- I just couldn't stop...
- MARK: Bullshit.

121
00:06:31,191 --> 00:06:32,864
It got bigger and bigger
and itjust wouldn't stop.

122
00:06:32,926 --> 00:06:34,064
Bullshit.

123
00:06:35,362 --> 00:06:37,842
- I didn't mean for it to get like this.
- MARK: N0, no, no.

124
00:06:38,331 --> 00:06:40,242
You can't do this. I'm your son.

125
00:06:40,333 --> 00:06:43,906
Dad. Dad, how could you do this?

126
00:06:44,004 --> 00:06:45,347
BERNIE: I'm gonna set you guys up.

127
00:06:46,039 --> 00:06:47,916
Yeah. (STUTTERS) It's all gonna be okay.

128
00:06:48,008 --> 00:06:50,784
There's still a few hundred million left.

129
00:06:50,877 --> 00:06:54,450
I'm gonna... I'm gonna make sure
that you guys are all taken care of,

130
00:06:54,547 --> 00:06:57,187
the rest of the family, some loyal employees.

131
00:06:57,918 --> 00:06:59,955
It's all gonna be good. ljust need a week.

132
00:07:00,053 --> 00:07:01,726
(BREATHING HEAVILY)

133
00:07:02,856 --> 00:07:04,233
ANDREW: Set us up with what?

134
00:07:04,291 --> 00:07:05,895
With stolen money?

135
00:07:06,760 --> 00:07:08,398
MARK: He's a criminal.

136
00:07:08,695 --> 00:07:10,800
He's gonna spend his life in jail.

137
00:07:10,897 --> 00:07:13,241
ANDREW: Dad, how could you do this?
MARK: You're not my father.

138
00:07:16,937 --> 00:07:18,211
(SIGHS)

139
00:07:18,271 --> 00:07:22,811
I explained to them that it wasn't malicious.

140
00:07:22,909 --> 00:07:27,585
That when I started this problem,
or this crime,

141
00:07:27,647 --> 00:07:30,890
that it was something that I thought
I would be able to work my way out of.

142
00:07:30,951 --> 00:07:34,125
But that became impossible.

143
00:07:34,220 --> 00:07:38,066
The harder I tried,
the deeper I dug myself into a hole.

144
00:07:40,660 --> 00:07:43,971
But it comes down to one thing.

145
00:07:44,064 --> 00:07:46,101
I refused to accept the fact,

146
00:07:46,166 --> 00:07:49,613
could not accept the fact'
that for once in my life I had failed.

147
00:07:49,669 --> 00:07:52,343
I couldn't... I couldn't admit that failure.

148
00:07:54,441 --> 00:07:56,921
And what was that failure?

149
00:07:57,911 --> 00:07:59,151
(CLICKS TONGUE)

150
00:08:02,415 --> 00:08:05,021
Shortly thereafter, I...

151
00:08:05,852 --> 00:08:09,265
(SIGHS) I think I went back to the office. Uh...

152
00:08:09,622 --> 00:08:11,863
Andy was there. I saw Andy.

153
00:08:11,958 --> 00:08:13,699
Did you two speak?

154
00:08:14,194 --> 00:08:16,003
He did mention that...

155
00:08:16,096 --> 00:08:18,098
That he, uh... (CLICKS TONGUE)

156
00:08:18,164 --> 00:08:21,043
He and Mark were consulting with a lawyer.

157
00:08:23,136 --> 00:08:25,377
<i>BERNIE: Well, as it turned out,
he went to see Martin London,</i>

158
00:08:25,472 --> 00:08:27,474
<i>much-honored lawyer, retired.</i>

159
00:08:27,540 --> 00:08:30,043
DIANA: <i>He's Mark's father-in-Iaw.
BERNIE: Yes.</i>

160
00:08:30,143 --> 00:08:33,022
DIANA: <i>He'd invested a substantial amount
of money with you, right?</i>

161
00:08:33,113 --> 00:08:35,889
<i>BERNIE: Well, more than some,
less than others.</i>

162
00:08:36,883 --> 00:08:39,386
Jesus fucking Christ.

163
00:08:39,486 --> 00:08:40,988
$50 million?

164
00:08:41,054 --> 00:08:43,898
$50 billion, with a "B."

165
00:08:43,990 --> 00:08:46,300
Jesus fucking Christ.

166
00:08:47,327 --> 00:08:50,308
All right, l'm in Hartford.
I'll be there at 3:00 p.m.

167
00:08:51,998 --> 00:08:54,877
You have to understand,
the money management business

168
00:08:54,968 --> 00:08:56,845
was operating from a small offlce.

169
00:08:56,903 --> 00:08:58,849
- Yeah, the office is on a separate floor.
- The 17th floor.

170
00:08:58,905 --> 00:09:00,851
-It's always seemed successful.
- A ton of clients, I think.

171
00:09:00,907 --> 00:09:02,352
- Hedge funds.
- He'd even turn people away sometimes.

172
00:09:02,409 --> 00:09:03,752
But all the trades...

173
00:09:03,843 --> 00:09:05,379
Yeah, the trades go through
European counterparties.

174
00:09:05,478 --> 00:09:06,582
That's why he has the London offlce.

175
00:09:06,679 --> 00:09:09,387
And then upstairs, on the 19th floor,
is market-making.

176
00:09:09,482 --> 00:09:12,986
- Which is where we work.
- These are not my immediate concerns.

177
00:09:13,053 --> 00:09:16,262
But if he plans to spend the week

178
00:09:16,356 --> 00:09:18,666
distributing his ill-gotten gains

179
00:09:19,426 --> 00:09:23,169
amongst his relatives,
employees, his friends,

180
00:09:23,229 --> 00:09:25,175
then this is not over.

181
00:09:25,231 --> 00:09:27,575
This is a crime in progress.

182
00:09:28,768 --> 00:09:31,180
So what are you saying?
We have to turn him in'?

183
00:09:31,237 --> 00:09:33,683
You don't turn him in, you're an accomplice.

184
00:09:43,616 --> 00:09:44,788
(PHONE RINGING)

185
00:09:47,387 --> 00:09:49,298
Yeah?

186
00:09:50,723 --> 00:09:52,896
Okay, it's all fine.

187
00:09:52,959 --> 00:09:54,267
Yep.

188
00:09:56,596 --> 00:09:57,597
(HANGS UP)

189
00:09:58,398 --> 00:09:59,536
RUTH: Who is it?

190
00:10:00,567 --> 00:10:02,376
BERNIE: The FBI is here.

191
00:10:07,474 --> 00:10:09,317
I know why you're here.

192
00:10:09,409 --> 00:10:13,084
Well' we're here to find out
if there's an innocent explanation.

193
00:10:14,047 --> 00:10:15,390
(DOOR CLOSES)

194
00:10:15,815 --> 00:10:18,261
There is no innocent explanation.

195
00:10:20,920 --> 00:10:23,628
Is there someplace we can talk privately?

196
00:10:23,723 --> 00:10:25,327
In there.

197
00:10:31,331 --> 00:10:35,609
<i>AGENT: He said he'd been operating
a Ponzi scheme since the 1970s.</i>

198
00:10:36,569 --> 00:10:39,345
He was so matter-of-fact about it.

199
00:10:39,439 --> 00:10:41,646
He wasn't nervous, he wasn't afraid.

200
00:10:41,741 --> 00:10:43,982
He was just very casual.

201
00:10:44,077 --> 00:10:46,853
Well, sir, he claims to have acted alone.

202
00:10:47,080 --> 00:10:48,184
YES, sir.

203
00:10:48,281 --> 00:10:49,919
I'll bring him in.

204
00:10:52,752 --> 00:10:53,924
(SIGHS)

205
00:10:55,588 --> 00:10:58,159
Hi, it's Ruth. Are the boys there?

206
00:11:00,326 --> 00:11:02,169
They're not there.

207
00:11:03,630 --> 00:11:05,769
He won't be coming in today.

208
00:11:09,469 --> 00:11:14,441
Sir, you're gonna have to remove your belt,
your shoelaces, your tie and any jewelry.

209
00:11:21,781 --> 00:11:22,816
BERNIE: This?
AGENT: Yep.

210
00:11:23,383 --> 00:11:26,728
Credit card, cash,
anything in your pockets, sir.

211
00:12:01,054 --> 00:12:02,692
Turn around, please' sir.

212
00:12:05,325 --> 00:12:06,827
Hands behind your back.

213
00:12:07,360 --> 00:12:08,668
Palms together.

214
00:12:08,861 --> 00:12:11,000
(HANDCUFFS CLINKING)

215
00:12:18,238 --> 00:12:20,081
Put that stuff away.

216
00:12:20,173 --> 00:12:21,777
And call Ike Sorkin.

217
00:12:25,578 --> 00:12:26,852
(DOOR OPENS)

218
00:12:32,518 --> 00:12:33,690
(DOOR CLOSES)

219
00:12:41,561 --> 00:12:43,040
(TIRES SCREECH)

220
00:12:44,697 --> 00:12:48,042
<i>INVESTIGATOR: What happened on the night
of December 9, 2008?</i>

221
00:12:48,201 --> 00:12:49,544
<i>PETER: My brother told me</i>

222
00:12:49,602 --> 00:12:53,778
that his, uh, investment advisory business
was a Ponzi scheme.

223
00:12:53,873 --> 00:12:56,285
INVESTIGATOR: And what was your reaction
to hearing that Mr. Madoff

224
00:12:56,376 --> 00:12:58,287
was operating a Ponzi scheme?

225
00:12:58,378 --> 00:13:00,654
Well, I was in total shock.

226
00:13:01,114 --> 00:13:02,821
<i>INVESTIGATORI
In your first interview with the government,</i>

227
00:13:02,915 --> 00:13:04,724
<i>you stated that you idolized your brother.</i>

228
00:13:04,784 --> 00:13:06,730
<i>- Is that correct?
- PETER: Yes, and that's correct.</i>

229
00:13:07,120 --> 00:13:09,100
<i>INVESTIGATORI
Why did you idolize your brother?</i>

230
00:13:10,556 --> 00:13:12,126
<i>PETER: Well, because he was brilliant.</i>

231
00:13:12,258 --> 00:13:14,932
<i>Everywhere you g0,
people talked about Bernie.</i>

232
00:13:14,994 --> 00:13:16,905
<i>He was a true pioneer.</i>

233
00:13:17,063 --> 00:13:18,633
<i>Everyone in the industry,</i>

234
00:13:18,731 --> 00:13:21,143
<i>including the highest-ranking
ofiicials at the SEC,</i>

235
00:13:21,234 --> 00:13:23,145
<i>believed that my brother was</i>

236
00:13:23,236 --> 00:13:28,743
one of the most honorable
and, uh, and successful traders of our time.

237
00:13:29,342 --> 00:13:32,289
Uh, nobody believed that more than I did.

238
00:13:32,345 --> 00:13:34,086
(STUTFERING) Uh, I revered him.

239
00:13:36,416 --> 00:13:39,329
<i>I trusted him implicitly.</i>

240
00:13:39,419 --> 00:13:40,693
(LINE TRILLING)

241
00:13:41,688 --> 00:13:43,668
- IKE: (OVER PHONE) Sorkin.
-lke, it's Bernie.

242
00:13:43,756 --> 00:13:48,603
Uh, I'm down at FBI headquarters,
handcuffed to a wall.

243
00:13:48,661 --> 00:13:50,800
<i>IKE: Bernie, don't say another woml.</i>

244
00:13:52,365 --> 00:13:54,208
AGENT: We arrested him this morning.

245
00:13:54,300 --> 00:13:55,938
ANDREW: Was he okay?

246
00:13:56,002 --> 00:13:57,640
I pui the cuffs on him myself.

247
00:13:57,704 --> 00:13:59,650
He went quietly, as though he expected us.

248
00:14:01,341 --> 00:14:03,150
<i>To be honest,</i>

249
00:14:03,209 --> 00:14:05,052
<i>he looked relieved.</i>

250
00:14:07,313 --> 00:14:09,293
<i>You did the right thing, son.</i>

251
00:14:14,687 --> 00:14:16,132
(BEEPING)

252
00:14:21,527 --> 00:14:24,508
-(CAMERA CLICKING)
- MAN: Turn 1o the right.

253
00:14:28,301 --> 00:14:31,214
(STAMMERS)
Yeah, the FBI just processed him

254
00:14:31,304 --> 00:14:34,183
and they transferred him over to Pearl Street.

255
00:14:34,240 --> 00:14:36,379
Yeah, we're heading in right now.

256
00:14:36,476 --> 00:14:38,922
<i>So you were making money off of the trades.</i>

257
00:14:40,546 --> 00:14:42,321
There were no trades.

258
00:14:43,015 --> 00:14:44,722
- What do you mean there were no trades?
- I made them up.

259
00:14:45,818 --> 00:14:48,162
- Weren't there statements?
- Every month. They were fake.

260
00:14:49,489 --> 00:14:51,833
Purchase dates, they were fake.
Shares, they were fake.

261
00:14:51,891 --> 00:14:54,394
Options, they were fake.
Returns, they were fake.

262
00:14:54,494 --> 00:14:57,441
So when was the last trade you executed?

263
00:14:59,332 --> 00:15:01,243
Fifteen years ago.

264
00:15:03,102 --> 00:15:05,514
Who else knew?

265
00:15:05,571 --> 00:15:07,175
I acted alone.

266
00:15:09,041 --> 00:15:11,749
<i>INVESTIGATOR: When did he tell you
he started this Ponzi scheme?</i>

267
00:15:12,412 --> 00:15:13,914
He didn't.

268
00:15:14,013 --> 00:15:16,857
INVESTIGATORI And the entire time
he was running it, you had no idea?

269
00:15:16,916 --> 00:15:17,917
No, ldidn't.

270
00:15:18,017 --> 00:15:19,792
CACIOPPI:
And whai was your role at the firm?

271
00:15:20,253 --> 00:15:23,598
ANDREW: I ran the firm's NASDAQ desk
in the late '90s,

272
00:15:24,190 --> 00:15:27,137
added the rest of
the market-making desk in 2001,

273
00:15:27,226 --> 00:15:29,797
and, uh, moved to the proprietary
trading desk in 2003...

274
00:15:29,896 --> 00:15:31,273
CACIOPPI: You're not answering my question.

275
00:15:31,864 --> 00:15:33,400
What exactly is your role at the firm?

276
00:15:33,466 --> 00:15:35,104
ANDREW: I'm only in the office
a few days a week.

277
00:15:35,201 --> 00:15:37,738
I've been building a separate business
called Madoff Energy...

278
00:15:37,804 --> 00:15:40,648
Sir, what is your exact title at BLM?

279
00:15:42,141 --> 00:15:45,145
Director of Proprietary Trading

280
00:15:45,244 --> 00:15:48,123
and Co-director of Trading.

281
00:15:48,881 --> 00:15:51,794
INVESTIGATOR: And where did the money
for these loans come from?

282
00:15:51,884 --> 00:15:55,229
The loans that allowed you
to buy your loft in Soho,

283
00:15:55,288 --> 00:15:58,292
your house in Greenwich,
your house in Nantucket.

284
00:15:58,391 --> 00:16:01,600
I assume from the money he made
through investments.

285
00:16:01,661 --> 00:16:03,004
INVESTIGATOR:
On the private advisory side?

286
00:16:03,095 --> 00:16:04,096
Yes.

287
00:16:04,163 --> 00:16:05,972
-LNVESTIGATORI On the 17th floor'?
- Yes.

288
00:16:06,065 --> 00:16:09,808
And you never asked
what went on on the 17th floor?

289
00:16:09,902 --> 00:16:11,506
(SCOFFS) Of course I did.

290
00:16:11,604 --> 00:16:12,912
INVESTIGATOR: You did?

291
00:16:12,972 --> 00:16:14,280
Yes.

292
00:16:14,740 --> 00:16:16,811
- But... (CLEARS THROAT)
- But what'?

293
00:16:17,276 --> 00:16:19,517
(SIGHS) He would always say,

294
00:16:19,612 --> 00:16:22,183
"You run your business
and I'll run my business."

295
00:16:22,281 --> 00:16:24,261
INVESTIGATOR: And you never thought to

296
00:16:25,151 --> 00:16:27,028
follow up on those questions?

297
00:16:27,119 --> 00:16:29,497
- You don't understand...
- You're right, I don't.

298
00:16:29,589 --> 00:16:31,262
I don't understand

299
00:16:31,324 --> 00:16:34,464
how you could work
in the same office as your father

300
00:16:34,527 --> 00:16:37,599
for 20 years and suspect noihing.

301
00:16:38,197 --> 00:16:39,608
Nothing?

302
00:16:40,533 --> 00:16:42,444
Who are some of your father's clients?

303
00:16:42,869 --> 00:16:45,042
ANDREW: I'm not privy to all of them,

304
00:16:46,806 --> 00:16:50,049
but, uh, Jeffry Picower was a big one.

305
00:16:50,810 --> 00:16:52,949
Fred Wilpon and Saul Katz of the Mets.

306
00:16:53,112 --> 00:16:55,854
HSBC, Royal Bank of Scotland,

307
00:16:56,449 --> 00:16:58,360
some family friends, Marty.

308
00:16:59,552 --> 00:17:03,466
But he wouldn't talk about who
or what he did for them.

309
00:17:04,624 --> 00:17:07,070
Our money was with him as well.

310
00:17:07,960 --> 00:17:10,964
INVESTIGATORI
So you were never suspicious of your father?

311
00:17:11,130 --> 00:17:12,734
Never?

312
00:17:12,832 --> 00:17:14,539
Do you not understand who he was?

313
00:17:14,634 --> 00:17:17,808
I think we're all beginning to understand
exacfly who your father is, Mr. Madoff.

314
00:17:17,870 --> 00:17:19,508
He wasn't just my father.

315
00:17:19,906 --> 00:17:22,887
You know, he was fucking idolized.

316
00:17:23,576 --> 00:17:27,251
We're talking about a man
who created the modern market as we know it.

317
00:17:27,346 --> 00:17:29,758
He created NASDAQ.

318
00:17:29,849 --> 00:17:31,920
- He's Chairman of NASDAQ.
-(INVESTIGATOR CLEARS THROAT)

319
00:17:32,018 --> 00:17:34,726
He's Chairman of the National Securities
Clearing Corporation,

320
00:17:34,820 --> 00:17:37,733
Chairman of the International Securities
Clearing Corporation,

321
00:17:37,823 --> 00:17:40,827
Chairman of the National Association
of Securities Dealers,

322
00:17:40,893 --> 00:17:43,032
which was FINRA before
FINRA fucking existed.

323
00:17:43,095 --> 00:17:44,733
Chairman of the SIA Trading Committee...

324
00:17:44,830 --> 00:17:47,276
- Okay, we understand your point, sir...
- MARK: No, I don't think you do.

325
00:17:47,366 --> 00:17:49,607
Chairman of the National
Business Conduct Committee.

326
00:17:49,702 --> 00:17:50,703
Sir, we understand.

327
00:17:50,770 --> 00:17:51,908
Member of the
SIA Federal Regulation Committee.

328
00:17:52,004 --> 00:17:53,415
- Sir, that's enough.
- Chairman of the NASD

329
00:17:53,506 --> 00:17:55,543
Small Order Execution Committee.

330
00:17:55,608 --> 00:17:58,179
I mean, you're asking me how I didn't know.

331
00:17:58,244 --> 00:18:00,190
Well, I'm asking you.

332
00:18:01,847 --> 00:18:04,521
You're the FBI, you're the SEC.

333
00:18:04,584 --> 00:18:08,361
(STAMMERS) You investigated him before,
so I'm asking you!

334
00:18:09,455 --> 00:18:11,696
How the fuck did you not knovfl

335
00:18:11,757 --> 00:18:15,569
Sir, we are not the focus here. You are.

336
00:18:15,628 --> 00:18:19,041
You're saying that you never stepped foot
on the 17th floor?

337
00:18:21,367 --> 00:18:22,471
No.

338
00:18:24,370 --> 00:18:25,872
And why not?

339
00:18:45,057 --> 00:18:48,470
<i>AGENT: What happened on the morning
of December 11 th, 2008?</i>

340
00:18:48,561 --> 00:18:52,634
<i>FRANK: Uh, I was in my office
and, uh, Igot a telephone call.</i>

341
00:18:53,466 --> 00:18:54,740
<i>AGENT: Who was on the phone?</i>

342
00:18:54,800 --> 00:18:57,576
- FRANK: It was, uh, Bernie Madoffl
-(PHONE RINGS)

343
00:18:57,637 --> 00:18:59,583
<i>AGENT: What did Bernie Madoff say to you?</i>

344
00:19:00,006 --> 00:19:01,007
Yeah?

345
00:19:01,107 --> 00:19:03,485
<i>FRANK: "Frank, my brother is in the office..."</i>

346
00:19:03,576 --> 00:19:05,647
<i>- What?
-"...with the FBI."</i>

347
00:19:05,745 --> 00:19:07,156
What the fuck?

348
00:19:08,347 --> 00:19:11,487
AGENT: How old were you when you
first started working for Bernie Madoff?

349
00:19:11,584 --> 00:19:13,825
I was 19 years old.

350
00:19:13,919 --> 00:19:16,331
AGENT: In what capacity had you known him?

351
00:19:17,523 --> 00:19:19,332
0h, well, he was my boss.

352
00:19:20,426 --> 00:19:23,873
What type of work
had you done for him over the years?

353
00:19:23,963 --> 00:19:26,000
Uh, really' anything he asked me to.

354
00:19:26,098 --> 00:19:27,873
Everything from, you know, running errands

355
00:19:27,967 --> 00:19:30,948
to, uh, running his
investment advisory department.

356
00:19:31,003 --> 00:19:34,450
Did you know why the FBI
was at Peter MadofFs office?

357
00:19:34,607 --> 00:19:35,813
(CHUCKLES)

358
00:19:35,875 --> 00:19:37,513
Yes, Idid.

359
00:19:37,610 --> 00:19:40,284
And what did that mean to you?

360
00:19:40,346 --> 00:19:42,451
Uh, it meant that I was going to jail.

361
00:19:45,384 --> 00:19:47,386
<i>AGENT: Why did you think
you were going to jail?</i>

362
00:19:47,486 --> 00:19:50,228
<i>FRANK: Because I was well aware
of the nature of the operation.</i>

363
00:19:50,322 --> 00:19:54,202
<i>AGENT: And what was the nature
of the operation?</i>

364
00:19:55,227 --> 00:19:57,002
It <i>was</i> a fraud,

365
00:19:57,697 --> 00:19:59,301
simply put.

366
00:19:59,365 --> 00:20:00,639
(DOOR CLOSES)

367
00:20:01,067 --> 00:20:04,674
<i>FRANK: I always though! that Bemie
would be able to make it good, you know?</i>

368
00:20:04,737 --> 00:20:07,081
<i>He had money here, he had money there,
he moved stufi' around.</i>

369
00:20:07,173 --> 00:20:08,743
<i>There was always a lot of moving parts.</i>

370
00:20:09,208 --> 00:20:11,848
<i>Maybe I was lying to myselt</i>

371
00:20:11,911 --> 00:20:13,720
<i>I</i> don't know, but I... <i>I</i> thought he...

372
00:20:13,813 --> 00:20:15,554
<i>I thought he could cover it.</i>

373
00:20:15,648 --> 00:20:16,991
(PEOPLE MURMURING)

374
00:20:18,184 --> 00:20:19,891
What the hell is this?

375
00:20:19,985 --> 00:20:23,057
Bernie's been arrested for securities fraud.

376
00:20:23,155 --> 00:20:26,034
The SEC's getting a court order
to seize control and shut us down.

377
00:20:26,092 --> 00:20:28,936
Without an investigation?
What could they possibly know?

378
00:20:29,028 --> 00:20:31,440
Whatever Bernie told them.

379
00:20:34,166 --> 00:20:36,737
Sir, who was that gentleman?

380
00:20:36,836 --> 00:20:39,077
He's... Uh, he works here.

381
00:20:39,171 --> 00:20:40,741
Where?

382
00:20:40,840 --> 00:20:43,081
(STUTFERS) Uh, on the 17th floor.

383
00:20:43,175 --> 00:20:45,280
There's a 17th floor'?

384
00:20:53,119 --> 00:20:54,291
(KEYPAD BEEPING)

385
00:20:57,923 --> 00:21:01,370
Annette, Bernie's been arrested
for securities fraud.

386
00:21:01,427 --> 00:21:03,805
The SEC and the FBI are upstairs right now.

387
00:21:03,896 --> 00:21:05,432
What?

388
00:21:05,531 --> 00:21:07,067
The hell does that mean?

389
00:21:11,370 --> 00:21:13,213
We need your keycard, ma'am.

390
00:21:20,813 --> 00:21:23,885
Come on, come on, come on.
Please, please, God. Come on, come on.

391
00:21:25,985 --> 00:21:27,055
(EXHALES)

392
00:21:28,220 --> 00:21:29,790
-(BEEPING)
- AGENT: Open it.

393
00:21:30,723 --> 00:21:33,294
FBI! Everyone stop what you're doing!

394
00:21:33,392 --> 00:21:36,100
FBI! I said stop what you're doing right now.

395
00:21:38,130 --> 00:21:40,132
Move away from the computer!

396
00:21:40,900 --> 00:21:43,642
Sir, FBI. Do not touch that computer.

397
00:21:43,736 --> 00:21:46,307
I said, move away from the computer!

398
00:21:48,073 --> 00:21:50,644
- MAN: Hey, Dan, walk this group out.
-(SIGHS)

399
00:21:56,515 --> 00:21:59,359
<i>BERNIE: The advisory was a completely
separate business,</i>

400
00:21:59,451 --> 00:22:01,863
<i>a completely separate entity.</i>

401
00:22:01,954 --> 00:22:05,629
<i>Never the two should meet, ever,
and they didn '1.</i>

402
00:22:05,691 --> 00:22:08,001
<i>And I made it that way on purpose, obviously.</i>

403
00:22:08,093 --> 00:22:09,697
<i>DIANA: What about your brother?</i>

404
00:22:09,795 --> 00:22:11,206
- Peter's <i>in</i> trouble.
- BERNIE: Yes.

405
00:22:11,297 --> 00:22:13,334
<i>DIANA: Because he trusted you.</i>

406
00:22:13,432 --> 00:22:15,207
- He did what you told him to.
- Yes, he did.

407
00:22:15,301 --> 00:22:19,511
And you told him to do things
that exposed him

408
00:22:19,605 --> 00:22:21,983
to this criminal liability he's facing right now.

409
00:22:22,274 --> 00:22:24,845
How did you justify that, Bernie?

410
00:22:24,944 --> 00:22:27,481
How did you sleep with that?

411
00:22:28,948 --> 00:22:32,862
I guess the way I could sleep with it
is that I knew that Peter didn't know anything,

412
00:22:32,952 --> 00:22:34,795
even though I had him do things

413
00:22:34,854 --> 00:22:39,803
which he didn't realize
could've implicated him in this...

414
00:22:39,859 --> 00:22:41,133
ln1his...(SIGHS)

415
00:22:41,794 --> 00:22:42,864
(CLICKS TONGUE)

416
00:22:42,962 --> 00:22:44,168
crime.

417
00:22:45,464 --> 00:22:46,875
(INDISTINCT CHATTER)

418
00:22:48,067 --> 00:22:50,638
<i>ELEANOR:
Bernie was always needling people.</i>

419
00:22:50,803 --> 00:22:53,750
He would find your weak spot
and he would poke at it.

420
00:22:53,839 --> 00:22:57,343
I mean, that was Bernie
and he could be a real bastard.

421
00:22:57,409 --> 00:22:58,717
But not like ihis.

422
00:22:58,811 --> 00:23:01,519
I mean, not stealing people's money.

423
00:23:01,580 --> 00:23:03,719
I mean, at first, I started thinking,

424
00:23:03,816 --> 00:23:07,093
"My God, you know, did one
of the grandchildren get kidnapped?

425
00:23:07,186 --> 00:23:09,325
"Was the $10 million ransom money?"

426
00:23:10,089 --> 00:23:12,035
What $10 million?

427
00:23:12,091 --> 00:23:14,401
The $10 million that Ruth came in

428
00:23:14,493 --> 00:23:17,497
and withdrew from her Cohmad account

429
00:23:17,730 --> 00:23:20,939
and transferred into her Wachovia account.

430
00:23:22,234 --> 00:23:24,271
I mean, I... (STAMMERS) What do I know'?

431
00:23:24,370 --> 00:23:26,907
I mean, l'm always watching
crime stories, you knovfl

432
00:23:27,406 --> 00:23:30,080
(STUTFERS) I fall asleep every night to SVU.

433
00:23:30,175 --> 00:23:31,882
And you're saying on December 10th,

434
00:23:31,944 --> 00:23:35,187
Ruth Madoff withdrew $10 million
from her Cohmad account

435
00:23:35,247 --> 00:23:37,193
and transferred it to a personal amount?

436
00:23:37,249 --> 00:23:39,229
Yes, but that is not unusual.

437
00:23:39,285 --> 00:23:43,756
I mean, think of it like having an ATM
in your, you know, your living room.

438
00:23:43,856 --> 00:23:46,769
Except, you know, when things are going on,
you wonder.

439
00:23:49,862 --> 00:23:52,206
-(MOUSE CLICKS)
-(KEYBOARD CLACKING)

440
00:23:52,898 --> 00:23:54,275
GIRL: Mommy's here!

441
00:23:55,234 --> 00:23:57,578
-(SHOUTS)
- STEPHANIE: Don't forget your ball.

442
00:23:58,037 --> 00:24:00,210
We're gonna go to Connecticut for a few days.

443
00:24:01,040 --> 00:24:02,212
You know it might snow'?

444
00:24:02,274 --> 00:24:04,550
No mention of his arrest yet.

445
00:24:05,878 --> 00:24:07,482
(CELL PHONE RINGING)

446
00:24:11,750 --> 00:24:13,787
-lt's my mom.
- Don't answer.

447
00:24:13,886 --> 00:24:15,331
You know what Flumenbaum said.

448
00:24:15,721 --> 00:24:19,168
(STAMMERS) No contact.
Don't screw around, Mark.

449
00:24:20,225 --> 00:24:21,727
(MUSIC BOX TINKLING)

450
00:24:23,395 --> 00:24:25,807
- Hi, Mom.
- Hi, Mark.

451
00:24:25,898 --> 00:24:28,310
-(ELEVATOR BELL DINGS)
- Honey, I'm, um, with your father

452
00:24:28,400 --> 00:24:30,311
and in order to release him on bond,

453
00:24:30,402 --> 00:24:32,678
they need four signatures.

454
00:24:32,771 --> 00:24:34,808
It's a $10 million bond.

455
00:24:35,140 --> 00:24:36,483
- What?
<i>- Ugh.</i>

456
00:24:36,575 --> 00:24:38,350
<i>lknow. Can you believe?</i>

457
00:24:38,444 --> 00:24:41,982
Anyway, can you get down here?
(STUTFERS) I'll text you the address.

458
00:24:42,514 --> 00:24:44,016
Mom,

459
00:24:44,783 --> 00:24:46,592
do you understand what he's done?

460
00:24:46,819 --> 00:24:50,426
No, honey, Mark, I know you're angry,
but he's your father.

461
00:24:50,923 --> 00:24:53,028
I'm not doing it. End of discussion.

462
00:24:54,827 --> 00:24:56,431
<i>Mark.</i>

463
00:25:04,636 --> 00:25:06,274
<i>l'll try Andy.</i>

464
00:25:10,876 --> 00:25:13,152
What do you mean by misunderstanding?

465
00:25:13,212 --> 00:25:15,283
We couldn't get your sons to sign.

466
00:25:16,315 --> 00:25:17,794
They wouldn't sign?

467
00:25:17,850 --> 00:25:19,852
WOMAN: l'm sorry, Mr. Madoff.

468
00:25:19,952 --> 00:25:22,125
(STUTTERS) The boys
wouldn'i sign the bond?

469
00:25:22,621 --> 00:25:24,464
I'm very sorry, sir.

470
00:25:24,523 --> 00:25:26,503
(STAMMERING) Who...
Did you talk to them or did...

471
00:25:26,558 --> 00:25:28,128
No. Your wife was on the phone
with each of them.

472
00:25:28,193 --> 00:25:30,298
Their mother did and they didn't...
They wouldn't...

473
00:25:31,964 --> 00:25:32,965
Um...

474
00:25:34,199 --> 00:25:36,873
(STAMMERING)
Well, there's no money involved in it.

475
00:25:36,969 --> 00:25:39,040
So did they understand that?

476
00:25:39,738 --> 00:25:41,012
Yes.

477
00:25:42,474 --> 00:25:44,476
Hmm. I don't know.

478
00:25:47,880 --> 00:25:49,655
Marc, it's Daniel Horwitz.

479
00:25:50,149 --> 00:25:51,890
We couldn't get the four signatures,

480
00:25:51,984 --> 00:25:55,932
but I can gei you Ruth and, um,
Peter MadofPs.

481
00:25:57,489 --> 00:25:59,230
Okay, hold on.

482
00:25:59,324 --> 00:26:04,330
Will you submit to, um, home detention
with electronic monitoring and surveillance?

483
00:26:05,197 --> 00:26:08,872
Homes in Manhattan, Montauk,
and Palm Beach will be pledged,

484
00:26:08,934 --> 00:26:11,414
and yours and Ruth's passports
will be surrendered.

485
00:26:11,503 --> 00:26:13,710
- Are those terms okay with you?
- Um...

486
00:26:13,772 --> 00:26:14,842
Yeah.

487
00:26:15,507 --> 00:26:18,078
- He says yes. Great.
-(CELL PHONE BUZZES)

488
00:26:18,177 --> 00:26:19,212
<i>OKHY-</i>

489
00:26:19,278 --> 00:26:21,087
WOMAN: Um, The Journal
just went online with the story.

490
00:26:21,180 --> 00:26:23,387
We have 20 minutes
before the press descends on this place.

491
00:26:24,216 --> 00:26:25,889
DAN: Let's do this.

492
00:26:25,951 --> 00:26:27,362
(ZIP TIE ZIPPING)

493
00:26:39,798 --> 00:26:41,800
- MAN: Mr. Madoff.
-(CAMERAS CLICKING)

494
00:26:43,469 --> 00:26:46,450
<i>REPORTER: It's very strange and
troubling news out of Wall Street tonight.</i>

495
00:26:46,538 --> 00:26:48,916
<i>Former NASDAQ
Stock Exchange Chairman Bernard Madoff</i>

496
00:26:48,974 --> 00:26:51,045
<i>out on $10 million bond.</i>

497
00:26:51,143 --> 00:26:53,089
This man with a stellar reputation

498
00:26:53,145 --> 00:26:56,490
seems to have taken a whole lot of
very smart people to the cleaners.

499
00:26:56,582 --> 00:26:59,119
The man they trusted
the most with their money,

500
00:26:59,218 --> 00:27:01,494
a NASDAQ Chairman 18 years ago,

501
00:27:01,587 --> 00:27:06,332
is now confessing lo authorities
he cheated them of billions of dollars.

502
00:27:06,425 --> 00:27:08,803
And there's a bunch of
big-time investors wondering

503
00:27:08,894 --> 00:27:11,738
how a guy named Madoff
made off with their money.

504
00:27:12,898 --> 00:27:14,138
(RUTH SIGHS)

505
00:27:15,267 --> 00:27:17,247
What's gonna happen, Bernie?

506
00:27:19,638 --> 00:27:22,244
- I don't know.
- Are you gonna go to jail?

507
00:27:24,443 --> 00:27:26,354
Probably.

508
00:27:26,445 --> 00:27:28,118
For how long?

509
00:27:28,180 --> 00:27:30,751
- I don't know' Ruth.
- For a long time or a little?

510
00:27:30,816 --> 00:27:32,124
I don't know.

511
00:27:32,184 --> 00:27:34,494
- What?
- I don't know.

512
00:27:34,586 --> 00:27:36,759
Are they gonna take the apartment away?

513
00:27:38,357 --> 00:27:39,995
- I don't know.
- What about the houses?

514
00:27:40,092 --> 00:27:42,003
What about the boys and the grandkids?

515
00:27:42,094 --> 00:27:45,303
- Ruth. Ruth' enough.
- Look, ljust wanna know if...

516
00:27:45,364 --> 00:27:48,311
I'm sorry ifl have questions, Bernie.

517
00:27:48,367 --> 00:27:50,677
I'm sorry if I'm a little scared, okay?

518
00:27:50,769 --> 00:27:52,840
It's just you always keep me in the dark.

519
00:27:52,938 --> 00:27:54,611
I keep you in the dark to protect you.

520
00:27:54,673 --> 00:27:57,347
Yeah, well, it doesn't feel that way anymore.

521
00:27:59,111 --> 00:28:01,648
I just wanna know whafs going on.

522
00:28:02,881 --> 00:28:05,020
Please, Bernie,
don't keep me in the dark anymore.

523
00:28:05,117 --> 00:28:06,528
Just tell me.

524
00:28:07,986 --> 00:28:09,488
Tell me.

525
00:28:11,857 --> 00:28:13,632
Tell you what, Ruth?

526
00:28:14,526 --> 00:28:15,869
(CRYING)

527
00:28:16,628 --> 00:28:19,472
Just tell me, I don't know...

528
00:28:21,900 --> 00:28:23,846
What you did.

529
00:28:32,878 --> 00:28:34,084
(SNIFFLES)

530
00:28:36,481 --> 00:28:39,553
<i>BERNIE: Imet Ruth when she was 13.
Iwas 16.</i>

531
00:28:40,552 --> 00:28:42,998
<i>A friend was having a party in his basement.</i>

532
00:28:43,055 --> 00:28:44,432
<i>Something had happened to the jukebox.</i>

533
00:28:44,523 --> 00:28:46,400
<i>It got knocked around when he was moving it,</i>

534
00:28:46,491 --> 00:28:49,870
<i>so the only song it'd play
was Sh-Boom over and over.</i>

535
00:28:50,229 --> 00:28:53,233
<i>She was this tiny, little blonde</i>

536
00:28:53,332 --> 00:28:54,936
<i>with enormous blue eyes.</i>

537
00:28:55,033 --> 00:28:56,239
<i>Just gorgeous.</i>

538
00:28:57,169 --> 00:28:58,239
Very funny, too.

539
00:28:58,337 --> 00:29:00,010
You remember that aciress Goldie Hawn?

540
00:29:00,072 --> 00:29:02,882
DIANA: ldo, very well.
BERNIE: Yeah, that was Ruth.

541
00:29:02,941 --> 00:29:05,080
She'd wake up every morning
without a care in the world.

542
00:29:05,177 --> 00:29:08,090
Very lively' very bubbly.

543
00:29:08,180 --> 00:29:09,955
Popular, too.

544
00:29:10,048 --> 00:29:11,686
Were you popular?

545
00:29:11,750 --> 00:29:14,526
0h, yeah. I mean, I was a lifeguard at the time.

546
00:29:14,586 --> 00:29:16,190
Bestjob I ever had.

547
00:29:16,255 --> 00:29:18,098
I mean, whyjust be
some regular schnook on the beach

548
00:29:18,190 --> 00:29:20,534
when you can be in a guard tower,
everyone looking up at you?

549
00:29:20,592 --> 00:29:23,232
- And you get paid.
- Did Ruth ever get jealous?

550
00:29:24,263 --> 00:29:25,435
BERNIE: For the rest of the summer,

551
00:29:25,530 --> 00:29:28,602
she laid out right next to the
guard tower every day.

552
00:29:28,700 --> 00:29:32,546
Sometimes I'd whistle down at her
and she'd look up and call me a dog.

553
00:29:32,604 --> 00:29:35,744
But I liked having her there. It felt good.

554
00:29:35,807 --> 00:29:40,620
I mean, we've basically been together
every day since the night we met.

555
00:29:40,712 --> 00:29:43,124
It's our 51st anniversary coming up.

556
00:29:44,549 --> 00:29:47,962
Mmm. How do you think you were able to
keep it all separate?

557
00:29:48,053 --> 00:29:54,493
(CLICKS TONGUE) For 16 years, I kept
this secret from my wife, my brother,

558
00:29:54,593 --> 00:29:56,402
my sons.

559
00:29:58,063 --> 00:29:59,474
(BERNIE SIGHS)

560
00:30:00,599 --> 00:30:06,106
How I was able to do that
and maintain any degree of sanity,

561
00:30:06,171 --> 00:30:08,742
well, it's, uh...

562
00:30:10,442 --> 00:30:12,786
That worries me when I think about it.

563
00:30:14,913 --> 00:30:16,915
(THE GREAT PRETENDER PLAYING)

564
00:30:32,597 --> 00:30:34,508
- Those are fresh?
- Yes, sir.

565
00:30:34,599 --> 00:30:36,169
They are really fresh?

566
00:30:36,268 --> 00:30:38,339
- Fresh this morning.
- Not freshly frozen'?

567
00:30:38,437 --> 00:30:40,474
- No, sir. Fresh' fresh.
- Okay.

568
00:30:43,208 --> 00:30:45,188
Check all the plates.

569
00:30:45,277 --> 00:30:47,382
Make sure that none of them are dirly, please.

570
00:30:47,479 --> 00:30:50,358
I don't want anybody coming here
and eating on a dirty plate.

571
00:30:50,449 --> 00:30:51,723
They pick up a napkin,

572
00:30:51,817 --> 00:30:55,196
you pick up a napkin
and then you have dirt under there like this.

573
00:30:55,287 --> 00:30:57,699
- This one. See? Dirty plate.
-(CLATFERS)

574
00:30:57,789 --> 00:30:59,791
Make sure 1hey're all clean.

575
00:31:01,960 --> 00:31:03,701
<i>INVESTIGATOR: What was your job title</i>

576
00:31:03,795 --> 00:31:06,241
at Bernard L. Madoff Investment Securities?

577
00:31:07,399 --> 00:31:09,675
Chief Compliance Officer.

578
00:31:10,969 --> 00:31:13,677
I never had any financial interest in the firm.

579
00:31:13,739 --> 00:31:18,017
Uh, Bernie made it clear that, uh,
there <i>was</i> no prospect for partnership.

580
00:31:18,643 --> 00:31:20,486
(SH-BOOM PLAYING)

581
00:31:28,887 --> 00:31:30,423
Eleanor.

582
00:31:30,522 --> 00:31:33,162
So who's the more
handsome brother, him or me?

583
00:31:33,225 --> 00:31:35,705
All right, we've all heard this one, Casanova.
Come on.

584
00:31:35,761 --> 00:31:37,104
ELEANOR: In my opinion?

585
00:31:37,195 --> 00:31:38,503
Be honest.

586
00:31:40,499 --> 00:31:42,604
- Peter“s way more attractive.
- Oh.

587
00:31:43,268 --> 00:31:45,748
So you've got a thing for
barrel-chested bald men with big stomachs?

588
00:31:45,837 --> 00:31:47,248
- Screw you!
-(ELEANOR LAUGHS)

589
00:31:47,339 --> 00:31:48,750
ELEANOR: In fact, Bernie,

590
00:31:48,840 --> 00:31:51,184
when I first met Peter, I said to myself,

591
00:31:51,243 --> 00:31:54,349
"My God, this man looksjust like Lee Majors."

592
00:31:54,413 --> 00:31:56,359
- Handsome.
- Thank you, Eleanor.

593
00:31:56,415 --> 00:31:58,088
Yeah, that was 25 years ago.

594
00:31:58,183 --> 00:32:00,254
Back then, even you were afiracflve, Eleanor.

595
00:32:00,352 --> 00:32:01,854
ELEANOR: Stuff it, Bernie.

596
00:32:02,120 --> 00:32:04,122
You know you got a thing for me. Do noi lie.

597
00:32:04,222 --> 00:32:07,066
You're right, I do. Come here.

598
00:32:07,125 --> 00:32:08,763
ELEANOR: You know I love you.

599
00:32:08,860 --> 00:32:10,203
(BOTH LAUGHING)

600
00:32:11,263 --> 00:32:12,571
I gotta make the rounds.

601
00:32:12,631 --> 00:32:15,271
ELEANOR: Peter, do not let him
get to you, that one.

602
00:32:15,367 --> 00:32:16,607
I'm used to it, believe me.

603
00:32:16,701 --> 00:32:18,203
(SH-BOOM CONTINUES PLAYING)

604
00:32:29,414 --> 00:32:30,654
The fuck you looking at?

605
00:32:31,383 --> 00:32:35,456
Annette, you have a fucking heart attack,
I'm not giving you mouth-to-mouth.

606
00:32:36,488 --> 00:32:37,558
Just so we're clear.

607
00:32:41,059 --> 00:32:43,061
Behind you is not the place to be.

608
00:32:43,895 --> 00:32:45,806
INVESTIGATORI
Your accounts at Madofi Securities

609
00:32:45,897 --> 00:32:48,400
had a total of approximately $50 million.

610
00:32:48,467 --> 00:32:49,741
- Is that correct?
- Yeah, that's correct.

611
00:32:49,801 --> 00:32:52,577
Did it strike you as absurd

612
00:32:52,637 --> 00:32:55,117
that someone with
just a high school education

613
00:32:55,173 --> 00:32:56,811
should have that kind of money?

614
00:32:56,908 --> 00:32:58,854
No! lwas very, very lucky.

615
00:32:58,944 --> 00:33:00,753
Kind of like winning the lottery?

616
00:33:00,846 --> 00:33:03,087
(CHUCKLES) Kind of like winning the lottery.

617
00:33:03,148 --> 00:33:05,321
Did it occur to you

618
00:33:05,417 --> 00:33:09,763
because you had this great account
and it was worth so much,

619
00:33:10,489 --> 00:33:13,265
there must be something fraudulent there?

620
00:33:13,325 --> 00:33:16,795
No. I never thought of the word "fraudulent."

621
00:33:18,029 --> 00:33:22,307
In my experience, and I mean this,
there's only four different types of pussy.

622
00:33:22,601 --> 00:33:24,603
Okay? I'm dead serious.

623
00:33:24,669 --> 00:33:27,172
You got your...
Let me show you. I just saw one.

624
00:33:27,272 --> 00:33:28,876
All right, right there. See there?

625
00:33:28,974 --> 00:33:30,282
That's your Honda Civic pussy.

626
00:33:30,842 --> 00:33:34,153
Gets you where you wanna go.
No shame in this pussy at all.

627
00:33:34,212 --> 00:33:35,885
-(LAUGHTER)
- Reliable. You jusi, you know,

628
00:33:35,981 --> 00:33:39,622
you're not gonna be proud to be seen
riding around town in it, am I right?

629
00:33:39,684 --> 00:33:42,324
- Nothing against her.
- What's going on?

630
00:33:42,387 --> 00:33:44,367
It's ihe world acoording to Frankie over here.

631
00:33:44,456 --> 00:33:45,730
FRANK: Right there. You see that there?

632
00:33:46,124 --> 00:33:47,330
That's your Buick Regal pussy.

633
00:33:47,392 --> 00:33:49,872
Okay? A step up from the Honda.

634
00:33:50,128 --> 00:33:52,904
Uh, generally, they're cleaner, okay?

635
00:33:52,998 --> 00:33:55,171
Roomier, you fit more passengers in there.

636
00:33:55,300 --> 00:33:58,304
I guess there's
pros and cons to that in a pussy.

637
00:33:58,970 --> 00:34:00,347
You know, lovely pussy.

638
00:34:00,405 --> 00:34:02,817
Nobody's gonna mistake it
fora Benz, though, am I right?

639
00:34:03,208 --> 00:34:04,414
Am I right, Robert?

640
00:34:04,509 --> 00:34:05,715
Okay, thank you. God bless you.

641
00:34:05,810 --> 00:34:08,689
Ijust want you to know,
despite everything you see,

642
00:34:08,747 --> 00:34:10,693
Andrew is not from money.

643
00:34:10,749 --> 00:34:12,490
- Oh. No, no.
- He's not from money.

644
00:34:12,551 --> 00:34:14,724
(STAMMERS) I'm not... I'm not...

645
00:34:14,819 --> 00:34:17,925
I know you might think he's a rich guy,
but he's not.

646
00:34:18,023 --> 00:34:21,368
- We're from nothing. My father was broke.
-(CHUCKLES)

647
00:34:21,426 --> 00:34:23,201
We're not rich people. We're humble people.

648
00:34:23,261 --> 00:34:24,865
- Okay.
- You understand?

649
00:34:25,497 --> 00:34:26,601
Yes.

650
00:34:26,698 --> 00:34:28,678
- Come here.
- Oh. (CHUCKLES)

651
00:34:31,236 --> 00:34:32,681
I'm gonna have to get out the hose

652
00:34:32,737 --> 00:34:34,410
-and spray him.
-(LAUGHS)

653
00:34:34,506 --> 00:34:38,079
Next up, my personal favorite. I just saw one.

654
00:34:38,176 --> 00:34:40,087
There. Now, don't make it obvious.

655
00:34:40,178 --> 00:34:43,091
Right there.
That is your Linooln Continental pussy.

656
00:34:43,181 --> 00:34:44,956
Beautiful. Just... It's just right.

657
00:34:45,050 --> 00:34:46,757
You know what I mean?
Like Goldilocks, just right.

658
00:34:46,851 --> 00:34:49,229
It's not too fancy, it's not too plain.

659
00:34:49,287 --> 00:34:52,097
-It just... lfsjust comfortable. Itjust fits.
-(LAUGHTER)

660
00:34:52,190 --> 00:34:54,261
No, no, ifs like an old pair of slippers

661
00:34:54,359 --> 00:34:56,862
except instead of your foot,
you put your cock in it.

662
00:34:56,928 --> 00:34:58,305
- Am I wrong?
-(LAUGHTER)

663
00:34:58,396 --> 00:35:00,034
You have a daughter, right?

664
00:35:00,098 --> 00:35:02,237
Yeah, Sophie. She's wonderful.

665
00:35:02,300 --> 00:35:03,779
I... I can't wait for you to meet her.

666
00:35:03,868 --> 00:35:05,779
And who's the father again?

667
00:35:05,870 --> 00:35:09,613
<i>Um...</i> Uh, John,
my ex-partner at Urban Angler.

668
00:35:09,708 --> 00:35:11,210
And you two never married?

669
00:35:11,276 --> 00:35:13,779
Um, no. No.

670
00:35:14,245 --> 00:35:15,952
If I had had a baby out of wedlock,

671
00:35:16,047 --> 00:35:19,392
my father would have
taken me out back and shot me.

672
00:35:19,451 --> 00:35:20,452
(ALL LAUGH)

673
00:35:21,720 --> 00:35:24,098
I'm not kidding, he would've shot me.

674
00:35:24,155 --> 00:35:27,329
No, no, stay with me
and hold all questions till the end.

675
00:35:27,425 --> 00:35:29,632
- Okay.
- Right there, you see that? Ugh.

676
00:35:29,728 --> 00:35:32,971
There it... Read it and weep.
It's your Mercedes-Benz pussy.

677
00:35:33,064 --> 00:35:35,408
Right? Look at it. I mean, ifs beautiful.

678
00:35:35,467 --> 00:35:37,811
-It's just a feat of vaginal engineering.
-(ALL CHUCKLE)

679
00:35:38,136 --> 00:35:39,774
No, it handles just great.

680
00:35:39,838 --> 00:35:43,809
It's sleek, it's tight, it looks good,
it feels good, it smells good.

681
00:35:43,908 --> 00:35:46,684
Bui a lot of upkeep. Yeah?

682
00:35:46,778 --> 00:35:50,282
Payments are murder
and you gotta wax it, you gotta polish it,

683
00:35:50,348 --> 00:35:53,693
-you gotta talk to it, you gotta listen to it.
-(ALL LAUGH)

684
00:35:53,918 --> 00:35:57,297
And, most importantly,
you gotta remain ever-vigilant

685
00:35:57,355 --> 00:35:59,767
that nobody fucking jacks it, right?

686
00:35:59,958 --> 00:36:02,996
You don't have to worry about that
'cause you'll never get near anything like that.

687
00:36:03,094 --> 00:36:04,334
(ALL LAUGH)

688
00:36:04,429 --> 00:36:05,874
So don't worry about it.

689
00:36:06,498 --> 00:36:11,641
INVESTIGATOR: ls it fair to say that
as a result of all of lhese lies' you got rich?

690
00:36:12,103 --> 00:36:15,016
Well, I didn't get paid per lie, ma'am.

691
00:36:15,106 --> 00:36:17,712
As a product of the fraud
that was Madoff Securities,

692
00:36:17,809 --> 00:36:19,516
you got rich' correct?

693
00:36:19,611 --> 00:36:21,386
Yeah, that's correct, yeah.

694
00:36:21,479 --> 00:36:23,356
INVESTIGATOR: You built, as you described,

695
00:36:23,448 --> 00:36:26,054
a lavish home in Bridgewater,
New Jersey, correct?

696
00:36:26,151 --> 00:36:28,631
- Well, define "lavish."
- Sure.

697
00:36:28,687 --> 00:36:30,826
- Uh, how many bedrooms did it have?
- Five.

698
00:36:30,889 --> 00:36:33,199
- How many bathrooms?
- Seven.

699
00:36:33,291 --> 00:36:34,964
- How many acres?
- Seven.

700
00:36:35,026 --> 00:36:37,165
- Did it have a swimming pool?
- Yes, it did.

701
00:36:37,228 --> 00:36:39,538
- Did it have a tennis court?
- It did not.

702
00:36:39,631 --> 00:36:42,578
- Did it have a pond?
- Yes, it did.

703
00:36:42,667 --> 00:36:44,374
So would you consider

704
00:36:44,469 --> 00:36:47,814
seven acres, seven bathrooms,
five bedrooms, a swimming pool,

705
00:36:47,872 --> 00:36:50,375
a pond, a lavish home?

706
00:36:50,475 --> 00:36:53,183
(CLICKS TONGUE) <i>l</i> guess <i>l</i> might.

707
00:36:55,980 --> 00:36:57,755
(SWEET CAROLINE PLAYING)

708
00:37:05,824 --> 00:37:06,825
WOMAN: Whoo!

709
00:37:07,992 --> 00:37:09,665
<i>(museums)</i>

710
00:37:16,101 --> 00:37:18,081
(SINGING SWEET CAROLINE)

711
00:37:36,354 --> 00:37:37,890
Come here.

712
00:37:38,957 --> 00:37:41,528
(ALL SINGING SWEET CAROLINE)

713
00:38:01,913 --> 00:38:03,449
Hey, by the way, you know,

714
00:38:03,548 --> 00:38:07,428
Stephanie and I went last weekend
to see that house in Nantucket.

715
00:38:07,485 --> 00:38:09,089
- You know...
- You should try the lobster.

716
00:38:09,154 --> 00:38:11,259
- Oh, no, no, it's okay.
- Trust me on the lobster.

717
00:38:11,322 --> 00:38:13,063
Try the lobster. Hey.

718
00:38:13,758 --> 00:38:15,396
Dad, you know I got...

719
00:38:15,460 --> 00:38:18,566
- Can you get my son a lobster, please?
- I got a weak siomach.

720
00:38:18,663 --> 00:38:19,903
Would you get him a lobster? Just...

721
00:38:19,964 --> 00:38:20,965
Would you like me to get you the lobster?

722
00:38:21,065 --> 00:38:22,840
What are you asking him for'?
Just get him a lobster.

723
00:38:22,934 --> 00:38:25,073
- He'll thank us both later, okay?
Seriously...

724
00:38:25,770 --> 00:38:27,807
BERNIE:
So, what's the price tag on this house?

725
00:38:27,906 --> 00:38:30,512
MARK: Uh, they got it at, like' six and a half,

726
00:38:30,608 --> 00:38:32,781
-but we'll talk them down.
- BERNIE: Thafs what they're asking for?

727
00:38:32,844 --> 00:38:34,152
Yeah.

728
00:38:34,245 --> 00:38:36,418
I mean, it's, like, special. It's, like...

729
00:38:36,481 --> 00:38:39,087
It's got a pool' looks out over the ocean.

730
00:38:39,751 --> 00:38:40,991
- It's unbelievable.
- BERNIE: Uh-huh.

731
00:38:41,085 --> 00:38:43,622
But I figure we can get them down a bit.

732
00:38:44,923 --> 00:38:47,995
Now, wait.
That's the way you bring the lobster?

733
00:38:48,326 --> 00:38:49,498
Apologies, sir.

734
00:38:49,594 --> 00:38:52,700
Why don't you bring it back,
take off the claws, open it up.

735
00:38:52,797 --> 00:38:56,335
I mean, I pay enough for this whole thing.
Don't you guys know how to serve a lobster?

736
00:38:56,434 --> 00:38:58,812
- Apologies. I'll be right back.
- Okay, just bring it back properly.

737
00:38:58,937 --> 00:39:00,473
I mean, what is this?

738
00:39:00,705 --> 00:39:01,809
MARK: You wanna come see it with me?

739
00:39:01,873 --> 00:39:03,546
- We could go down next week and...
- BERNIE: <i>l'll</i> go see it.

740
00:39:03,641 --> 00:39:05,814
- We can work on the price, too.
- Yeah.

741
00:39:05,877 --> 00:39:08,551
- Six and a half, maybe we can start at five.
- RUTH: That would be nice.

742
00:39:08,646 --> 00:39:10,023
MARK: We could probably take
a boat from Montauk.

743
00:39:10,114 --> 00:39:12,788
- We can go out of the harbor...
- Good idea.

744
00:39:14,652 --> 00:39:16,632
Okay, thanks.

745
00:39:18,389 --> 00:39:20,528
So, don't eat that, eat this. Don't eat...

746
00:39:20,692 --> 00:39:22,069
I don't like lobster, Dad.

747
00:39:22,160 --> 00:39:24,162
BERNIE: I don't even know why we had that.
I guess your mother...

748
00:39:24,229 --> 00:39:26,038
MARK: 'Cause it's not good on my stomach.

749
00:39:26,130 --> 00:39:27,234
Hey, uh...

750
00:39:27,966 --> 00:39:29,877
Take this away, will you, please?

751
00:39:29,968 --> 00:39:31,641
- Yes' sir.
-(MUTl'ERING)

752
00:39:32,971 --> 00:39:34,814
- There you go.
- WAITER: Apologies, sir.

753
00:39:34,873 --> 00:39:36,079
BERNIE: Okay.

754
00:39:37,242 --> 00:39:39,313
One thing he's good at is apologizing.

755
00:39:51,322 --> 00:39:52,323
(SIGHS)

756
00:39:56,594 --> 00:39:59,234
MARK: I guess l'm just wondering,
what if something happens to you?

757
00:39:59,330 --> 00:40:01,674
We don't know the first thing
about the advisory.

758
00:40:01,733 --> 00:40:04,077
- Frank will handle it.
- ANDREW: Come on, Dad.

759
00:40:04,168 --> 00:40:06,739
<i>With</i> all <i>due respect, Frank's,</i> uh...

760
00:40:06,838 --> 00:40:08,840
Frank's what?

761
00:40:08,907 --> 00:40:10,944
Frank's an idiot.

762
00:40:11,042 --> 00:40:13,079
You know, Frank never went to college.

763
00:40:13,177 --> 00:40:16,420
I heard Frank comparing
women's vaginas to automobiles

764
00:40:16,514 --> 00:40:17,788
earlier today.

765
00:40:17,882 --> 00:40:20,522
Whether Frank is refined enough
for your taste is irrelevant.

766
00:40:20,585 --> 00:40:21,791
He's good at his job.

767
00:40:21,886 --> 00:40:23,866
If something were to happen to me,

768
00:40:23,922 --> 00:40:26,129
he'd fill you guys in
on all the details you need to know.

769
00:40:26,224 --> 00:40:28,602
And what if Frank decides to screw you?

770
00:40:28,927 --> 00:40:30,099
I mean, I don't even know
how much you're worth.

771
00:40:30,194 --> 00:40:31,195
Is it a billion?

772
00:40:31,262 --> 00:40:32,969
$2 billion? Three?

773
00:40:33,064 --> 00:40:34,771
What if there's three and he says there's two

774
00:40:34,866 --> 00:40:36,743
and takes a billion
and rides off into the sunset?

775
00:40:36,801 --> 00:40:37,779
Calm down, calm down.

776
00:40:37,869 --> 00:40:39,871
Every1hing is written down
in a safe deposit box.

777
00:40:39,938 --> 00:40:42,248
If something were to happen to me,

778
00:40:42,307 --> 00:40:44,810
you consult with our lawyers,
and they'll handle it.

779
00:40:44,909 --> 00:40:46,320
They'll fill you in on everything.

780
00:40:46,411 --> 00:40:48,084
Everything, huh?

781
00:40:48,146 --> 00:40:49,921
- That's right, everything.
Everything?

782
00:40:49,981 --> 00:40:53,053
You know, good luck.
This conversation is impossible. Impossible!

783
00:40:53,117 --> 00:40:57,395
BERNIE: I don't understand why you can't
understand what ljust said to you.

784
00:41:00,258 --> 00:41:02,795
You know, why is it that whenever
this conversation oomes up,

785
00:41:02,894 --> 00:41:05,238
you find a way to wriggle out of
giving me an answer?

786
00:41:05,296 --> 00:41:06,673
It comes up because you bring it up.

787
00:41:06,764 --> 00:41:08,300
No, because we're trying to plan.

788
00:41:08,399 --> 00:41:09,810
Well, if you don't bring it up,
it won't oome up.

789
00:41:09,901 --> 00:41:11,938
You know, l'm just trying
to get a basic sense...

790
00:41:12,003 --> 00:41:14,074
You don't have to get
a sense of anything, Mark.

791
00:41:14,138 --> 00:41:16,618
- You don't have to get a sense of anything.
- Why is that too much to ask?

792
00:41:16,674 --> 00:41:17,652
- I've told you.
- Dad.

793
00:41:17,742 --> 00:41:19,619
- This is something I don't talk about.
- Dad!

794
00:41:19,677 --> 00:41:22,157
- Listen to me. I don't understand!
-(STAMMERS) Are you...

795
00:41:22,246 --> 00:41:23,748
Listen, what is wrong?
Are you a fucking idiot?

796
00:41:23,815 --> 00:41:25,658
Are you a fucking idiot? I mean, answer me!

797
00:41:25,750 --> 00:41:27,752
- I don't understand!
- No, you don't understand!

798
00:41:27,819 --> 00:41:29,457
You don't have to fucking understand!

799
00:41:29,520 --> 00:41:31,500
You're asking me
about taking over the advisory

800
00:41:31,589 --> 00:41:33,330
and yet you can't even
follow a simple fucking instruction

801
00:41:33,424 --> 00:41:35,199
to shut the fuck up!

802
00:41:38,529 --> 00:41:42,671
You don't understand.

803
00:41:42,767 --> 00:41:44,474
Leave it alone.

804
00:41:45,703 --> 00:41:47,114
<i>OKHY-</i>

805
00:41:52,777 --> 00:41:54,017
I'm sorry.

806
00:41:57,648 --> 00:41:59,559
- Good night.
- I love you, Dad.

807
00:41:59,650 --> 00:42:01,493
Love you. Good night.

808
00:42:02,954 --> 00:42:04,900
(SH-BOOM PLAYING)

809
00:42:39,557 --> 00:42:42,697
<i>BERNIE: People here always ask me
how come I never ran.</i>

810
00:42:42,760 --> 00:42:45,400
<i>But the truth is it didn't even occur to me.</i>

811
00:42:45,496 --> 00:42:48,500
I guess it's because I never thought
of what I was doing was stealing.

812
00:42:48,566 --> 00:42:51,410
DIANA: Well, it was
a $65 billion Ponzi scheme.

813
00:42:51,502 --> 00:42:54,415
People lost their life savings,
they lost their homes.

814
00:42:54,505 --> 00:42:56,746
Their lives were destroyed.

815
00:42:56,841 --> 00:42:59,447
You didn't think of that <i>as</i> stealing?

816
00:42:59,877 --> 00:43:01,356
People felt safe with you.

817
00:43:01,412 --> 00:43:03,551
- Yeah, but these were...
- And yet,

818
00:43:03,915 --> 00:43:06,088
you were betraying them all.

819
00:43:06,184 --> 00:43:09,927
Well, but these people, you know,
they had a little greed in them, too.

820
00:43:10,021 --> 00:43:11,432
There was a little bit of, you know...

821
00:43:11,522 --> 00:43:13,934
Look, you know,
and they didn't wanna look too hard.

822
00:43:14,025 --> 00:43:16,369
They looked just far enough.

823
00:43:17,128 --> 00:43:21,304
- So they're accomplices in some way, too.
- Bernie...

824
00:43:21,399 --> 00:43:23,572
Accomplices because they trusted you?

825
00:43:23,634 --> 00:43:26,444
Accomplices because
you were so trustworthy,

826
00:43:26,537 --> 00:43:28,744
you seemed so trustworthy.

827
00:43:28,806 --> 00:43:30,149
Yeah, but there's a lack of honesty
on their behalf,

828
00:43:30,241 --> 00:43:34,053
an unwillingness to take responsibility
for their behavior.

829
00:43:34,112 --> 00:43:36,114
- Your investors?
- Yes.

830
00:43:37,148 --> 00:43:40,561
It takes a lot of chutzpah for you,
of all people, to say that.

831
00:43:42,954 --> 00:43:45,264
You know... (CLICKS TONGUE)

832
00:43:46,224 --> 00:43:48,795
Nowthat I think of it... (SIGHS)

833
00:43:48,893 --> 00:43:52,807
My greatest failure,
or maybe it's my greatest weakness,

834
00:43:52,897 --> 00:43:55,571
is I've always wanted to please people.

835
00:43:56,300 --> 00:43:57,973
And thafs...

836
00:43:59,003 --> 00:44:01,279
That's one that can get you into trouble.

837
00:44:01,339 --> 00:44:04,684
I've been here all fucking morning!
I wanna go upstairs.

838
00:44:04,775 --> 00:44:07,278
Sir, nobody's going upstairs right now.

839
00:44:07,345 --> 00:44:08,653
I wanna see somebody in charge.

840
00:44:08,746 --> 00:44:10,623
OFFICER: Right now, I'm in charge.
MAN: Who are you protecting?

841
00:44:10,681 --> 00:44:12,160
OFFICER: And you need to back up right now.

842
00:44:12,250 --> 00:44:13,524
We're talking about
my fucking life savings!

843
00:44:13,618 --> 00:44:14,790
I told you right now!

844
00:44:14,919 --> 00:44:18,924
- Do you understand? Do you understand?
- You need to back up right now, sir.

845
00:44:21,759 --> 00:44:22,703
(LINE TRILLING)

846
00:44:22,793 --> 00:44:24,101
(PHONE RINGING)

847
00:44:26,197 --> 00:44:27,471
ELEANORI Hello, Madoff.

848
00:44:27,532 --> 00:44:30,035
MAN: <i>I'm in the fucking lobby.
I wanna come up.</i>

849
00:44:30,134 --> 00:44:33,843
Sir, lam not able to give you permission
to oome up here right now.

850
00:44:33,938 --> 00:44:36,043
<i>Where is my fucking money?</i>

851
00:44:36,140 --> 00:44:39,553
You have to call the advisory arm.
I can give you their number.

852
00:44:39,644 --> 00:44:42,557
<i>Fuck you, you fucking thief!</i>

853
00:44:45,449 --> 00:44:47,019
0h, my God.

854
00:44:48,119 --> 00:44:52,067
<i>ELEANOR: Unusual circumstances
did not exist for Bernie.</i>

855
00:44:52,156 --> 00:44:53,794
<i>Take 9/11.</i>

856
00:44:54,192 --> 00:44:56,672
When those towers got hit,

857
00:44:56,727 --> 00:44:59,867
everybody in the whole entire office

858
00:44:59,964 --> 00:45:02,410
was gathered around the TV.

859
00:45:02,500 --> 00:45:05,640
Who was crying? Who was hysterical?

860
00:45:05,703 --> 00:45:07,080
Not Bernie.

861
00:45:07,171 --> 00:45:11,142
He kept his head down
and he continued to work.

862
00:45:12,810 --> 00:45:18,317
And it is not like
he did not know anybody in those buildings.

863
00:45:22,320 --> 00:45:25,858
DIANA: <i>As with every event
of personal devastation,</i>

864
00:45:26,390 --> 00:45:30,566
<i>they remember exactly where they were
and what they were doing</i>

865
00:45:31,095 --> 00:45:33,075
<i>when they learned they were ruined.</i>

866
00:45:33,164 --> 00:45:34,871
(FAX MACHINE CLICKS AND WHIRS)

867
00:45:35,366 --> 00:45:39,508
<i>DIANA: The grayish-white paper
rolled out of Mary Thomajanis fax machine.</i>

868
00:45:40,404 --> 00:45:45,080
<i>The fax was from the small feeder fund
she had trusted for 18 years,</i>

869
00:45:45,176 --> 00:45:49,090
<i>telling her that all her money
had been invested with Madoff,</i>

870
00:45:49,180 --> 00:45:51,126
<i>who had been arrested.</i>

871
00:45:52,516 --> 00:45:54,257
<i>She later recalled,</i>

872
00:45:54,352 --> 00:45:57,094
<i>"In the 50 seconds it took to read that fax,</i>

873
00:45:57,855 --> 00:45:59,698
<i>"l went fmm being</i> a <i>multimillionaire</i>

874
00:45:59,957 --> 00:46:02,699
<i>“to having my life savings wiped out</i>

875
00:46:03,060 --> 00:46:06,701
<i>“and life as I knew it altered forever."</i>

876
00:46:09,233 --> 00:46:12,146
<i>Robert Halio's son called him
at his retirement home</i>

877
00:46:12,236 --> 00:46:14,216
<i>-in Boca Raton with the news.</i>
-(CELL PHONE <i>RINGS)</i>

878
00:46:14,772 --> 00:46:16,046
<i>MAN: It's all gone, Dad.</i>

879
00:46:16,274 --> 00:46:19,221
<i>I don't... I don't know what to do.</i>

880
00:46:19,277 --> 00:46:22,815
<i>DIANA: 95% of his wealth
had been entrusted to Madoff</i>

881
00:46:22,913 --> 00:46:24,893
<i>and was now gone.</i>

882
00:46:25,449 --> 00:46:29,920
<i>Mr. de Ia Villehuchet
had written his brother a letter that said,</i>

883
00:46:29,987 --> 00:46:32,968
<i>"If you ruin your friends, your clients,</i>

884
00:46:33,057 --> 00:46:35,469
<i>"you have to face the consequences."</i>

885
00:46:35,559 --> 00:46:39,234
<i>He then positioned a trash basket
to protect the carpet</i>

886
00:46:39,430 --> 00:46:41,910
<i>and slit his wrist with a box cutter.</i>

887
00:46:42,300 --> 00:46:47,750
<i>Tim Murray, a property manager in Minnesota,
was traveling and nearly drove off the road...</i>

888
00:46:48,005 --> 00:46:50,417
- Fort Lauderdale...
-(OVERLAPPING VOICES)

889
00:46:52,143 --> 00:46:54,316
<i>- Richan1 Friedman...
- David Iselin...</i>

890
00:46:55,279 --> 00:46:57,122
(OVERLAPPING VOICES)

891
00:47:12,496 --> 00:47:14,476
<i>STEPHEN COLBERT:
Time to pay the piper, Bernie.</i>

892
00:47:14,799 --> 00:47:17,279
<i>Presumably...</i>
-(AUDIENCE CHEERING AND APPLAUDING)

893
00:47:17,635 --> 00:47:20,844
<i>Presumably with the life savings
of another piper.</i>

894
00:47:20,938 --> 00:47:21,939
- Just...
-(AUDIENCE LAUGHS)

895
00:47:22,006 --> 00:47:26,182
<i>This was the worst pyramid scheme
since the actual pyramids.</i>

896
00:47:26,277 --> 00:47:28,018
(AUDIENCE LAUGHS)

897
00:47:28,145 --> 00:47:30,682
<i>Ruth loves to go to
the California Pizza Kitchen.</i>

898
00:47:30,781 --> 00:47:34,388
<i>And they say that her favorite dish there
is the, uh, veal scal/o-Ponzll</i>

899
00:47:34,485 --> 00:47:35,964
-(AUDIENCE LAUGHS)
{DRUMS PLAY)

900
00:47:36,787 --> 00:47:39,165
<i>Listen, I have something to tell you
that's really important.</i>

901
00:47:39,223 --> 00:47:41,225
<i>I have yourmoney! I can get it to you.</i>

902
00:47:43,961 --> 00:47:46,339
- Okay, <i>I</i> guess you're not there.
-(AUDIENCE LAUGHS)

903
00:47:47,898 --> 00:47:49,673
They can see right in.

904
00:47:50,634 --> 00:47:52,477
- They can see right in.
- What?

905
00:47:52,837 --> 00:47:55,317
(STAMMERS) We don't have any curtains.

906
00:47:55,639 --> 00:47:57,516
They can see right in.

907
00:47:58,142 --> 00:47:59,985
ANDREW: Hold on, let me call you back.

908
00:48:00,077 --> 00:48:01,215
Catherine, it's gonna be fine.

909
00:48:01,312 --> 00:48:04,521
CATHERINE: No, they're gonna be looking in
with their long lenses and we'll be trapped.

910
00:48:04,582 --> 00:48:07,893
They're gonna get bored
just standing around.

911
00:48:07,985 --> 00:48:09,931
I'm not the story.

912
00:48:10,020 --> 00:48:12,591
We've gotta get curtains right now.

913
00:48:12,690 --> 00:48:13,691
(SIGHS)

914
00:48:23,401 --> 00:48:25,438
(INDISTINCT CHATTER)

915
00:48:33,511 --> 00:48:35,013
(ELEVATOR WHIRRING)

916
00:48:40,351 --> 00:48:41,455
(ELEVATOR BELL DINGS)

917
00:48:41,552 --> 00:48:42,758
Shit.

918
00:48:42,853 --> 00:48:44,127
(DOORS OPEN)

919
00:48:47,792 --> 00:48:49,294
(DOORS CLOSE)

920
00:48:50,428 --> 00:48:52,635
Hi, how are you?

921
00:48:52,730 --> 00:48:54,107
I'm all right.

922
00:48:54,198 --> 00:48:55,768
You?

923
00:48:55,866 --> 00:48:57,539
I've been better.

924
00:48:58,903 --> 00:49:01,110
-L'll bet.
-(ELEVATOR BELL DINGS)

925
00:49:13,451 --> 00:49:15,294
- Mommy, Mommy.
- What?

926
00:49:15,386 --> 00:49:18,560
- Is that Ruth Madoff?
- Jessica, not another word.

927
00:49:19,723 --> 00:49:21,396
It's okay.

928
00:49:22,326 --> 00:49:24,237
No, none of it is.

929
00:49:25,229 --> 00:49:26,902
(ELEVATOR BELL DINGS)

930
00:49:45,349 --> 00:49:47,590
- MAN: There she is.
-(ALL CLAMORING)

931
00:49:53,591 --> 00:49:54,797
(MUSIC PLAYING)

932
00:50:03,601 --> 00:50:05,444
- Hi, Sarah.
- Oh. Hi.

933
00:50:05,503 --> 00:50:09,007
Is Gisele here'? I was wondering
if she might be able to fit me in today.

934
00:50:09,106 --> 00:50:12,451
I haven't had my hair colored
in God knows how long.

935
00:50:12,510 --> 00:50:14,615
- Um, I think she's...
- No, don't worry. I'll find her.

936
00:50:14,945 --> 00:50:15,946
Uh...

937
00:50:21,385 --> 00:50:24,958
RUTH: <i>I've been coming here
for 15 years, Pierre.</i>

938
00:50:26,023 --> 00:50:27,468
PIERRE: <i>I</i> understand.

939
00:50:28,392 --> 00:50:29,632
<i>We have too many clients</i>

940
00:50:29,693 --> 00:50:31,866
<i>who have lost their money
because of your husband.</i>

941
00:50:33,464 --> 00:50:36,001
Bui I don't trust anyone else.

942
00:50:37,401 --> 00:50:43,477
(STAMMERS) I'm very sorry,
but I can't afford to risk my reputation.

943
00:50:47,311 --> 00:50:50,224
What about a house call? I can pay extra.

944
00:50:51,348 --> 00:50:52,520
-L'm sorry...
- Pierre.

945
00:50:52,583 --> 00:50:55,154
...but I have to ask you to leave now.

946
00:50:55,986 --> 00:50:57,556
I'm sorry, Ruth.

947
00:51:05,496 --> 00:51:06,770
- Shit.
- BERNIE: Ruih!

948
00:51:06,864 --> 00:51:09,105
- What are you doing?
- RUTH: Nothing!

949
00:51:09,199 --> 00:51:12,840
-(CLATTERING)
- What are you doing? Looking for something?

950
00:51:12,903 --> 00:51:14,007
My lighter.

951
00:51:15,773 --> 00:51:17,878
- Well, aren't there matches in the drawer'?
- No.

952
00:51:17,942 --> 00:51:19,751
No? What do you mean?
There's always matches in the drawer.

953
00:51:19,843 --> 00:51:21,254
Well, we're out.

954
00:51:21,345 --> 00:51:23,188
Where'd you last see it?

955
00:51:23,280 --> 00:51:26,887
Ifl knew where I last saw it,
I wouldn't be looking for it, Bernie.

956
00:51:29,186 --> 00:51:30,187
(SIGHS)

957
00:51:32,022 --> 00:51:33,899
I'm such an idiot.

958
00:51:34,124 --> 00:51:38,300
How did I get to be this age
without doing anything on my own?

959
00:51:39,530 --> 00:51:41,100
What are you talking about?

960
00:51:41,198 --> 00:51:42,939
(STUTFERS) I didn't do anything, Bernie.

961
00:51:43,033 --> 00:51:46,105
I never did one thing on my own.

962
00:51:46,937 --> 00:51:51,886
I don't have a career, I don't have a name,
I don't have any friends of my own.

963
00:51:52,209 --> 00:51:54,553
(SIGHS) The only thing I have are regrets.

964
00:51:54,612 --> 00:51:56,990
That's all I got to show for myself.

965
00:51:57,081 --> 00:51:58,958
Regrei after regret.

966
00:51:59,049 --> 00:52:01,427
Ruth, do we have to go into this novfl

967
00:52:01,485 --> 00:52:02,725
lgota lot on my mind.

968
00:52:02,786 --> 00:52:05,392
I'm going away and who knows
if I'm going to come back.

969
00:52:05,456 --> 00:52:06,833
Why would you say that?

970
00:52:06,924 --> 00:52:08,767
(STAMMERING) I'm not saying for certain...

971
00:52:08,892 --> 00:52:11,839
- No, Ike said that you'd be able to...
- Forget I mentioned it.

972
00:52:11,929 --> 00:52:13,431
You can't do that.

973
00:52:14,231 --> 00:52:18,737
I'm not ready. (STUTFERS)
I'm not ready lo be alone. You're all l have.

974
00:52:19,637 --> 00:52:22,743
The boys don't speak to me.
No one speaks to me. I'll...

975
00:52:24,341 --> 00:52:26,753
I'll go crazy, Bernie. (STAMMERS)

976
00:52:27,578 --> 00:52:29,751
I'll go crazy all alone.

977
00:52:30,948 --> 00:52:33,758
I'll go crazy, Bernie, lwill.

978
00:52:54,838 --> 00:52:56,044
(BEEPING)

979
00:53:01,445 --> 00:53:02,890
(PHONE RINGING)

980
00:53:07,518 --> 00:53:08,519
(MACHINE BEEPS)

981
00:53:08,619 --> 00:53:11,361
RUTH: (OVER VOICEMAIL)
Hi. Leave a message after the tone.

982
00:53:11,455 --> 00:53:14,834
-(MACHINE BEEPS)
- MAN: Bernie! Bernie, you there?

983
00:53:15,659 --> 00:53:17,639
<i>Bernie? Come on, pick up.</i>

984
00:53:18,062 --> 00:53:19,803
<i>I know you're hiding
that $50 billion somewhere,</i>

985
00:53:19,863 --> 00:53:21,706
<i>you piece-of-shit cocksucker.</i>

986
00:53:22,466 --> 00:53:24,377
<i>I hope you enjoy
getting your ass raped evely night,</i>

987
00:53:24,468 --> 00:53:26,311
<i>'cause you're going away for a long time.</i>

988
00:53:26,370 --> 00:53:28,976
<i>Hasta</i> Ia <i>vista, you kike motherfucker.</i>

989
00:53:29,039 --> 00:53:30,541
-(RECEIVER CLICKS)
-(MACHINE BEEPS)

990
00:53:30,641 --> 00:53:32,052
(JEWELRY JINGLING)

991
00:53:32,142 --> 00:53:33,587
What are you doing?

992
00:53:33,677 --> 00:53:35,054
I can't live like this.

993
00:53:35,813 --> 00:53:38,726
Slogging through,
being miserable to no good end.

994
00:53:38,816 --> 00:53:40,318
What's the point?

995
00:53:41,351 --> 00:53:45,163
You know, lwas thinking earlier,
this isn't even about me.

996
00:53:46,857 --> 00:53:50,395
This country needs a villain,
someone to send to the gallows,

997
00:53:50,494 --> 00:53:53,338
so everyone can feel okay
about living under a rigged system.

998
00:53:53,397 --> 00:53:55,536
I don't give a rat's <i>ass,</i> Bernie.

999
00:53:56,366 --> 00:53:58,869
Well, it'll be better once l go.

1000
00:53:59,903 --> 00:54:01,678
What's with the jewelry?

1001
00:54:01,739 --> 00:54:03,514
It's the only thing the court didn't freeze.

1002
00:54:03,574 --> 00:54:07,021
L'm gonna wrap il all up, give il lo family,

1003
00:54:07,945 --> 00:54:09,083
and then kill myself.

1004
00:54:10,114 --> 00:54:11,593
Why would you kill yourself?

1005
00:54:11,682 --> 00:54:14,026
Because I'm tired of being hated.

1006
00:54:14,918 --> 00:54:16,761
I don't even understand it.

1007
00:54:16,854 --> 00:54:17,924
L... (SCOFFS)

1008
00:54:18,021 --> 00:54:20,126
You got yourself into trouble.
You couldn't get out.

1009
00:54:20,224 --> 00:54:22,761
What do I have to do with it?
Why does the world hate me?

1010
00:54:22,860 --> 00:54:25,306
They all think I'm some kind of a mastermind.

1011
00:54:25,929 --> 00:54:27,101
Take it <i>as</i> a compliment, Ruth.

1012
00:54:27,197 --> 00:54:29,939
They say all these horrible things about me.

1013
00:54:30,033 --> 00:54:32,604
They say I was your bookkeeper.

1014
00:54:32,703 --> 00:54:34,876
- They say...
- You weren't my bookkeeper.

1015
00:54:34,938 --> 00:54:37,043
I did maintain the reoords the first year.

1016
00:54:37,107 --> 00:54:39,644
That was in 1960. It wasjust you and me.

1017
00:54:39,743 --> 00:54:41,450
I mean, but you weren't
even a real bookkeeper.

1018
00:54:41,545 --> 00:54:43,957
No, but l'm just saying
don't make it seem like I didn't pitch in

1019
00:54:44,047 --> 00:54:45,788
because I even came back, remember?

1020
00:54:45,883 --> 00:54:47,226
Yeah, but then we hired a real bookkeeper.

1021
00:54:47,284 --> 00:54:48,888
- And I helped with payroll.
- We hired a real bookkeeper.

1022
00:54:48,952 --> 00:54:53,628
(STAMMERS) Right, so why are they making
it seem like I'm involved with all this stuff?

1023
00:54:53,724 --> 00:54:55,635
Because they're out for blood, honey.

1024
00:54:55,726 --> 00:54:57,728
That's why. Theyjust wanna...

1025
00:54:57,795 --> 00:55:00,571
But anybody in the know
knows you weren't the mastermind.

1026
00:55:00,631 --> 00:55:01,632
That's nonsense.

1027
00:55:01,965 --> 00:55:05,572
Well, thanks. l already wanna kill myself.
Are you trying to make me feel worse?

1028
00:55:05,636 --> 00:55:07,013
No,bu1l, l...(slel-ls)

1029
00:55:08,238 --> 00:55:09,478
You, uh...

1030
00:55:10,574 --> 00:55:12,520
(STUTFERS) You'd commit suicide?

1031
00:55:14,812 --> 00:55:16,086
With what?

1032
00:55:18,148 --> 00:55:20,822
I don't know.
I haven't figured that part out yet.

1033
00:55:21,752 --> 00:55:23,754
Something nice. Maybe Ambien.

1034
00:55:26,957 --> 00:55:28,800
How much Ambien do we have?

1035
00:55:28,859 --> 00:55:31,601
Enough to open a fucking pharmacy.

1036
00:55:58,355 --> 00:56:01,165
What about these? Klonopin?

1037
00:56:01,225 --> 00:56:04,035
Same thing. Just put i1 in here.

1038
00:56:17,808 --> 00:56:20,550
Do Have YourselfA Merry Little Christmas.

1039
00:56:20,644 --> 00:56:23,022
<i>It's a great song and you'll be hearing
Judy Garland sing</i> it...

1040
00:56:23,080 --> 00:56:25,390
RUTH: Can't we just have quiet?

1041
00:56:25,482 --> 00:56:28,088
I can't fall asleep unless I watch something.

1042
00:56:28,652 --> 00:56:32,998
You just took a whole fucking bottle
of Ambien, Bernie.

1043
00:56:33,056 --> 00:56:35,332
Sleep's not gonna be your problem.

1044
00:56:35,425 --> 00:56:37,166
My mind races.

1045
00:56:37,995 --> 00:56:39,406
Fine.

1046
00:56:40,664 --> 00:56:44,168
Our last night on Earth
will be you, me and Judy Garland.

1047
00:56:44,234 --> 00:56:45,770
How romaniic.

1048
00:56:45,869 --> 00:56:48,406
- Let's not get started, Ruth.
- Hmm.

1049
00:56:51,208 --> 00:56:53,779
We had a good life, didn't we?

1050
00:56:53,877 --> 00:56:55,356
Hmm. Yeah.

1051
00:56:56,413 --> 00:56:58,791
Until you ruined it.

1052
00:56:59,116 --> 00:57:02,256
(HAVE YOURSELF
A MERRY LITTLE CHRISTMAS PLAYING)

1053
00:57:16,733 --> 00:57:17,871
(DOOR OPENS)

1054
00:57:19,603 --> 00:57:20,946
(DOOR CLOSES)

1055
00:57:24,441 --> 00:57:26,114
(FOOTSTEPS APPROACHING)

1056
00:57:26,877 --> 00:57:28,720
BOY: Pop-pop!

1057
00:57:32,115 --> 00:57:33,719
Pop-pop!

1058
00:57:36,053 --> 00:57:37,623
(SONG CONTINUES PLAYING)

1059
00:57:49,466 --> 00:57:51,241
(RUNNING FOOTSTEPS)

1060
00:57:52,970 --> 00:57:54,142
BERNIE: Hello?

1061
00:57:55,405 --> 00:57:57,351
BOY: Pop-pop!

1062
00:57:57,441 --> 00:57:58,818
BERNIE: Hello?

1063
00:58:06,316 --> 00:58:07,818
Mark, Andy.

1064
00:58:08,852 --> 00:58:10,024
Uh...

1065
00:58:10,687 --> 00:58:12,030
I'm glad you came.

1066
00:58:14,257 --> 00:58:16,464
I have so much I wanna tell you.

1067
00:58:19,262 --> 00:58:24,143
So much lwanna tell you.

1068
00:58:30,173 --> 00:58:32,517
I never... I never wanted any...

1069
00:58:32,609 --> 00:58:37,456
I never wanted either of you to...

1070
00:58:38,849 --> 00:58:40,351
To, you know...

1071
00:58:40,450 --> 00:58:43,294
I just never wanted either of you to...

1072
00:58:43,353 --> 00:58:45,060
n just...

1073
00:58:45,155 --> 00:58:49,035
Sometimes things in life happen
that you don't even...

1074
00:58:50,961 --> 00:58:55,740
You know, there's a lot
that I never really wanted to tell you.

1075
00:58:56,633 --> 00:58:57,634
Uh...

1076
00:58:58,035 --> 00:59:00,379
I'm glad... I'm glad you're here.

1077
00:59:01,238 --> 00:59:03,149
(SONG CONTINUES PLAYING)

1078
00:59:08,145 --> 00:59:09,146
<i>Good evening.</i>

1079
00:59:09,212 --> 00:59:12,159
<i>It is a day that will be in bold print
in history books.</i>

1080
00:59:12,215 --> 00:59:15,025
<i>Black Monday, October 19th, 1987,</i>

1081
00:59:15,085 --> 00:59:17,656
<i>when the stock market went into a free fall,</i>

1082
00:59:17,721 --> 00:59:21,828
<i>losing more in one day
than it did on Black Tuesday in 1929.</i>

1083
00:59:22,025 --> 00:59:23,368
(STATIC)

1084
00:59:23,427 --> 00:59:25,168
Fucking rigged.

1085
00:59:25,228 --> 00:59:27,708
How to fuck the little guy.

1086
00:59:34,371 --> 00:59:36,373
I wonder if I can count on you.

1087
00:59:36,440 --> 00:59:37,544
FRANK: Of course.

1088
00:59:38,341 --> 00:59:39,843
BOY: (ECHOING) Pop-pop!

1089
00:59:40,844 --> 00:59:43,518
BERNIE: Can <i>I</i> counton you?
BOY: Pop-pop!

1090
00:59:44,214 --> 00:59:45,955
BERNIE: We took a big hi! today.

1091
00:59:46,049 --> 00:59:48,256
<i>Lost over a billion and change.</i>

1092
00:59:48,351 --> 00:59:50,922
<i>You know how with a split-strike
conversion strategy</i>

1093
00:59:51,021 --> 00:59:52,898
<i>the stock options offset losses?</i>

1094
00:59:52,956 --> 00:59:54,902
<i>FRANK: It's like insurance.</i>

1095
00:59:54,958 --> 00:59:57,029
A fucking meltdown like this
would have been a nioe strategy.

1096
00:59:57,094 --> 00:59:58,402
If only we had it in place

1097
00:59:58,462 --> 01:00:00,237
-before the fucking...
- No ifs.

1098
01:00:02,032 --> 01:00:03,409
No ifs.

1099
01:00:03,467 --> 01:00:04,969
And we tell no one.

1100
01:00:05,569 --> 01:00:07,810
We tell no one.

1101
01:00:09,306 --> 01:00:10,808
BOY: Pop-pop!

1102
01:00:10,907 --> 01:00:13,615
<i>FRANK: Basically, we're picking winners
of yesterday's horse races?</i>

1103
01:00:13,710 --> 01:00:16,748
Yeah, so if anyone double-checks
our trades, we got it all there.

1104
01:00:16,813 --> 01:00:18,884
- All winners.
- FRAN K: Fine.

1105
01:00:21,318 --> 01:00:25,130
<i>BERNIE: Make sure the books show
that the London office is clearing the trades</i>

1106
01:00:25,222 --> 01:00:27,224
so no one upstairs
in market-making is involved.

1107
01:00:27,290 --> 01:00:29,736
Not my brother, not the boys, no one.

1108
01:00:30,127 --> 01:00:31,629
Understand?

1109
01:00:31,728 --> 01:00:33,469
Yeah, of course, of oourse, yeah.

1110
01:00:33,563 --> 01:00:35,634
BERNIE: No one.

1111
01:00:35,732 --> 01:00:39,475
<i>WOMAN: ErwinS last words to me,
the last thing he said was,</i>

1112
01:00:40,103 --> 01:00:42,174
"Bernie will take care of everything."

1113
01:00:42,672 --> 01:00:46,415
He's gone and I don't know what to do.

1114
01:00:46,843 --> 01:00:48,652
BERNIE: It's gonna be okay.

1115
01:00:48,745 --> 01:00:51,089
You can take all of Erwin's other accounts,

1116
01:00:51,148 --> 01:00:55,255
his savings, life insurance, every1hing,
and you can put it all in his account here.

1117
01:00:56,653 --> 01:00:58,428
God bless you, Bernie.

1118
01:00:59,756 --> 01:01:01,167
(RUNNING FOOTSTEPS)

1119
01:01:01,424 --> 01:01:02,926
BOY: Pop-pop!

1120
01:01:05,428 --> 01:01:07,465
- Pop-pop!
- Daniel!

1121
01:01:07,998 --> 01:01:09,500
- Pop-pop?
- Yeah?

1122
01:01:09,599 --> 01:01:11,374
Are you gonna die in jail?

1123
01:01:11,768 --> 01:01:13,475
(SONG CONTINUES)

1124
01:01:14,104 --> 01:01:16,778
BERNIE; Ruih. Ruth.

1125
01:01:17,607 --> 01:01:19,450
Ruth, I need more pills.

1126
01:01:20,710 --> 01:01:22,189
Ruth.

1127
01:01:22,279 --> 01:01:24,122
MAN: Have you no shame?

1128
01:01:29,219 --> 01:01:30,630
Hello?

1129
01:01:31,321 --> 01:01:33,301
MAN: Have you no shame?

1130
01:01:35,458 --> 01:01:37,495
No remorse?

1131
01:01:39,663 --> 01:01:41,734
Have you no conscience?

1132
01:01:41,831 --> 01:01:42,969
(REPORTERS CLAMORING)

1133
01:01:44,568 --> 01:01:48,311
MAN: You steal from widows,
you steal from charities,

1134
01:01:49,539 --> 01:01:52,315
you steal from Elie Wiesel,
a Holocaust survivor.

1135
01:01:53,210 --> 01:01:54,985
You prey on your own people.

1136
01:01:55,312 --> 01:01:56,814
You steal from your own people.

1137
01:01:57,647 --> 01:02:00,184
- Have you no shame?
-(GUNSHOTS)

1138
01:02:17,400 --> 01:02:18,401
(GASPS)

1139
01:02:20,770 --> 01:02:24,718
- BERNIE: Huh?
- Well, we're still here.

1140
01:02:32,582 --> 01:02:34,584
<i>MAN: Mr. Markopolos, it's all yours.</i>

1141
01:02:34,684 --> 01:02:36,061
<i>MARKOPOLOS: Thank you, Mr. Chairman.</i>

1142
01:02:36,386 --> 01:02:39,924
<i>My team and I tried our best
to get the SEC to investigate</i>

1143
01:02:40,023 --> 01:02:42,094
<i>and shut down the Madoff Ponzi scheme</i>

1144
01:02:42,192 --> 01:02:47,369
<i>with repeated and credible warnings
to the SEC that started in May 2000.</i>

1145
01:02:47,931 --> 01:02:49,604
<i>- We knew then that we had provided...
- Ruth.</i>

1146
01:02:49,699 --> 01:02:51,940
-...enough red flags...
What?

1147
01:02:52,035 --> 01:02:54,072
You wanna watch this Harry guy's testimony?

1148
01:02:54,771 --> 01:02:55,875
Who?

1149
01:02:55,939 --> 01:02:58,146
Harry... I don't know, I can't pronounce it.

1150
01:02:59,376 --> 01:03:00,582
RUTH: What's he testifying about?

1151
01:03:02,045 --> 01:03:03,115
Me.

1152
01:03:03,213 --> 01:03:04,783
<i>...over</i> a <i>nine-year time span.</i>

1153
01:03:04,881 --> 01:03:09,091
<i>If</i> a <i>$50 billion Ponzi scheme
doesn't make the SEC's priority list,</i>

1154
01:03:09,152 --> 01:03:11,632
<i>then I wanna know who sets their priorities.</i>

1155
01:03:11,721 --> 01:03:14,565
<i>What made you think
that Bernie Madoff was a fraud?</i>

1156
01:03:14,624 --> 01:03:15,659
<i>The key tip-off,</i>

1157
01:03:15,759 --> 01:03:18,137
<i>and it took me about five minutes
to figure out that he was a fraud,</i>

1158
01:03:18,228 --> 01:03:20,139
<i>I'm gonna give you a hand signal
and I'm gonna show you</i>

1159
01:03:20,230 --> 01:03:21,834
<i>what his performance return line looked like.</i>

1160
01:03:21,931 --> 01:03:24,172
<i>It went in only one direction, up.</i>

1161
01:03:24,501 --> 01:03:26,344
<i>It never had variation like the market does.</i>

1162
01:03:26,436 --> 01:03:28,416
<i>Like this, bu! then I</i> did...

1163
01:03:28,471 --> 01:03:31,418
- Who is this guy?
- BERNIE: He tried to warn the SEC about me.

1164
01:03:32,075 --> 01:03:34,749
- And what happened?
- They ignored his warnings.

1165
01:03:35,645 --> 01:03:37,682
- So what's the point?
- What do mean, whafs the point?

1166
01:03:37,781 --> 01:03:39,692
Well, what's the point of all this?

1167
01:03:40,350 --> 01:03:43,422
Well, he's saying that basically,
he handed the SEC the evidence

1168
01:03:43,486 --> 01:03:44,863
and they didn't follow up on it.

1169
01:03:45,088 --> 01:03:47,261
Oh. So a government agency is incompetent.

1170
01:03:47,324 --> 01:03:48,928
- Mmm-hmm.
- Yeah, and that's <i>news?</i>

1171
01:03:48,992 --> 01:03:53,304
No, look, I've been saying that for years,
and I have firsthand knowledge.

1172
01:04:00,837 --> 01:04:03,113
This fucking cocksucker
walks in and out of the building

1173
01:04:03,206 --> 01:04:04,480
with this jacket on.

1174
01:04:04,541 --> 01:04:05,713
What the fuck is wrong with him?

1175
01:04:05,809 --> 01:04:08,449
Bern, the guy's asking
for our DTC account number.

1176
01:04:08,511 --> 01:04:09,819
What are we gonna do?

1177
01:04:11,314 --> 01:04:15,558
I mean, all my years dealing with the SEC,
I've never seen this "enforcement."

1178
01:04:17,120 --> 01:04:18,360
Who the fuck does this guy think he is?

1179
01:04:18,455 --> 01:04:20,662
Boss, if we don't give the guy the number,

1180
01:04:20,724 --> 01:04:22,362
ifs gonna be obvious
that we're hiding something.

1181
01:04:22,459 --> 01:04:24,666
Yeah, but the way he just
fucking walks in here like that,

1182
01:04:24,728 --> 01:04:26,469
no fucking suit or nothing.

1183
01:04:26,529 --> 01:04:28,372
- No, I know.
- What kind of fucking arrogance?

1184
01:04:28,465 --> 01:04:30,741
The jackefs annoying,
but, Bern, please focus.

1185
01:04:30,834 --> 01:04:35,249
If we do give it to him, uh,
one call to the DTC and thafs it.

1186
01:04:35,338 --> 01:04:36,681
Game over.

1187
01:04:37,140 --> 01:04:40,383
We'rejust here for a routine exam.
We haven't done one in 10 years.

1188
01:04:40,477 --> 01:04:43,014
- You were just here.
- Uh, we... We weren't.

1189
01:04:43,079 --> 01:04:45,685
- DC Inspections was.
- Uh, we don't talk to DC.

1190
01:04:46,149 --> 01:04:49,153
So, uh, tell me about this article.

1191
01:04:50,053 --> 01:04:52,897
Yeah, I was very bothered by this.

1192
01:04:52,989 --> 01:04:54,525
I mean, why would they make me look fat?

1193
01:04:54,591 --> 01:04:55,695
MAN: Excuse me?

1194
01:04:55,759 --> 01:04:57,534
I mean, look at my face.

1195
01:04:57,594 --> 01:04:59,505
Look at my cheeks.
I look like a fucking porpoise.

1196
01:04:59,562 --> 01:05:03,066
Well, um, yes,
but I'm referring to the allegations.

1197
01:05:03,166 --> 01:05:05,908
What about it?
Lori Richards has all this information.

1198
01:05:06,002 --> 01:05:07,743
I sent it to her in a file. They have it.

1199
01:05:07,837 --> 01:05:11,046
As I told you, we're a very large organization.
We don't talk to each other.

1200
01:05:11,107 --> 01:05:12,552
You don't talk to DC?

1201
01:05:12,609 --> 01:05:15,180
(STAMMERS) N0. It's, uh...

1202
01:05:15,245 --> 01:05:18,715
BERNIE: This is the problem with the SEC.
I've been saying this for years.

1203
01:05:18,782 --> 01:05:20,762
I mean, you have to have
better communication.

1204
01:05:20,850 --> 01:05:22,261
How are you supposed
to be able to do yourjob

1205
01:05:22,352 --> 01:05:23,729
with a fraction of the information?

1206
01:05:23,787 --> 01:05:26,063
Well, we're trying to get all of the information.

1207
01:05:26,122 --> 01:05:28,762
Well, don't you think
you should start by talking to DC?

1208
01:05:28,858 --> 01:05:31,395
I mean, my whole office here
is wondering whafs happening.

1209
01:05:31,461 --> 01:05:34,374
You come in with that jacket,
it embarrasses the hell out of all of us.

1210
01:05:34,431 --> 01:05:36,138
And this? It's a fucking cartoon.

1211
01:05:36,232 --> 01:05:37,768
It's an old article. It's four years old.

1212
01:05:37,867 --> 01:05:41,576
And you're asking me questions
about an old article with a silly cartoon?

1213
01:05:41,638 --> 01:05:43,379
And you haven't spoken to DC.

1214
01:05:43,440 --> 01:05:45,249
Are we, um, are we waiting on your lawyers?

1215
01:05:45,308 --> 01:05:46,787
I never have lawyers in the office

1216
01:05:46,876 --> 01:05:48,787
when I'm talking to regulators
for two reasons.

1217
01:05:48,878 --> 01:05:50,789
One, I'm not doing anything wrong.

1218
01:05:50,880 --> 01:05:54,760
Two, I know the rules better than most
because I drafted a majority of them.

1219
01:05:54,818 --> 01:05:58,095
And we haven't met before,
but I have very strong relationships.

1220
01:05:58,154 --> 01:06:00,566
And I was on the shun list for SEC Director.

1221
01:06:01,658 --> 01:06:03,729
Yes, we know that.

1222
01:06:03,793 --> 01:06:06,137
If you need anything at all, I'll be in my offlce.

1223
01:06:06,229 --> 01:06:08,175
There's no such thing as an inconvenience.

1224
01:06:08,264 --> 01:06:09,902
- Thanks.
-l'm here.

1225
01:06:12,001 --> 01:06:13,309
Oh, um...

1226
01:06:13,636 --> 01:06:16,480
(STUTFERS) By the way,
are these securities with the DTC?

1227
01:06:16,573 --> 01:06:17,574
Of course.

1228
01:06:17,640 --> 01:06:21,611
We're gonna need your account number
just so we can verify the assets.

1229
01:06:21,678 --> 01:06:24,090
0h, Bern, you're fucking killing me.

1230
01:06:28,685 --> 01:06:30,665
646.

1231
01:06:30,753 --> 01:06:32,323
MAN: 646. Great, thank you.

1232
01:06:32,422 --> 01:06:36,029
Do you mind if you take thatjacket off
before you go out there?

1233
01:06:36,125 --> 01:06:37,661
- Oh, um...
- Just...

1234
01:06:37,760 --> 01:06:39,000
Sure.

1235
01:06:40,430 --> 01:06:41,465
BERNIE: One call.

1236
01:06:41,531 --> 01:06:43,442
<i>All the SEC had to do was make one ca/I</i>

1237
01:06:43,500 --> 01:06:45,275
<i>and they would've seen
that everything was fake,</i>

1238
01:06:45,335 --> 01:06:47,008
<i>that there was nothing there.</i>

1239
01:06:47,103 --> 01:06:48,707
<i>But they never called.</i>

1240
01:06:48,805 --> 01:06:50,944
DIANA: <i>You just gambled
that they wouldn't call?</i>

1241
01:06:51,007 --> 01:06:53,351
<i>BERNIE: It was more than</i> a <i>gamble. It</i> was...

1242
01:06:53,443 --> 01:06:55,445
<i>It was a leap of faith, if you will.</i>

1243
01:06:55,512 --> 01:07:00,552
DIANA: <i>You wait, knowing what they will find
if they make that call.</i>

1244
01:07:00,650 --> 01:07:02,357
I can't imagine what that was like.

1245
01:07:02,452 --> 01:07:06,798
It was... It was excruciatingly difflcult.

1246
01:07:08,391 --> 01:07:10,371
At some point, you figured...

1247
01:07:10,460 --> 01:07:13,703
- I figured that they didn't do it.
- Hmm.

1248
01:07:13,796 --> 01:07:16,003
They just didn't follow up on it.

1249
01:07:17,033 --> 01:07:18,205
(SIGHS)

1250
01:07:18,301 --> 01:07:22,545
If you didn't plan on killing yourself
or going into hiding,

1251
01:07:22,639 --> 01:07:24,744
how did you think it would end?

1252
01:07:24,841 --> 01:07:26,377
Well, it was almost like, uh...

1253
01:07:26,476 --> 01:07:28,046
It sounds horrible to say it now

1254
01:07:28,144 --> 01:07:31,057
but I just wanted
the whole world to come to an end.

1255
01:07:31,147 --> 01:07:35,152
When 9/11 happened,
I thought this was the only way out.

1256
01:07:35,218 --> 01:07:38,825
The world would come to an end, I'd be dead,
and everybody would be gone.

1257
01:07:40,256 --> 01:07:43,567
Uh, but, I mean, I could've kept it going.
I couldve covered everything.

1258
01:07:43,660 --> 01:07:45,071
Even after the fall of '08,

1259
01:07:45,161 --> 01:07:47,505
I had enough commitments of cash
that would've come in.

1260
01:07:47,597 --> 01:07:49,941
So I coulrfve, you know... (STUTFERS)

1261
01:07:50,033 --> 01:07:51,535
I just got tired.

1262
01:07:52,335 --> 01:07:54,838
(SIGHS) I knew by Thanksgiving
I was gonna give it up.

1263
01:07:54,904 --> 01:07:56,178
I was gonna stop.

1264
01:07:56,739 --> 01:07:58,582
<i>REPORTER</i> 12
<i>Financial turmoil in the U. S.</i>

1265
01:07:58,675 --> 01:08:00,018
Wall Street in crisis mode.

1266
01:08:00,076 --> 01:08:01,555
REPORTER 2:
<i>Wall</i> Street on red alert.

1267
01:08:01,611 --> 01:08:04,114
RE <i>PORTE</i> R 32
<i>Bear Steams has effectively gone under.</i>

1268
01:08:04,347 --> 01:08:06,452
RE PO <i>RTERI
The largest bankruptcy in U. S. history.</i>

1269
01:08:06,549 --> 01:08:07,550
<i>REPORTER 4: Unprecedented.</i>

1270
01:08:07,617 --> 01:08:09,597
<i>REPORTER 5: This is really shaking
the foundation of Wall Street.</i>

1271
01:08:09,686 --> 01:08:11,256
A lot of money and a lot of jobs.

1272
01:08:11,354 --> 01:08:14,062
Americefs economy is facing
unprecedented challenges.

1273
01:08:14,390 --> 01:08:17,200
<i>REPORTER:
All of this taking a devastating toll on stocks.</i>

1274
01:08:17,393 --> 01:08:19,634
<i>Single biggest point drop ever.</i>

1275
01:08:21,531 --> 01:08:22,976
(MUSIC PLAYING)

1276
01:08:28,371 --> 01:08:29,441
<i>FRANK: I'm sorry to bother you.</i>

1277
01:08:29,539 --> 01:08:31,416
<i>I just got another call
you're gonna fucking love.</i>

1278
01:08:31,474 --> 01:08:32,544
BERNIE: Yeah, go ahead.

1279
01:08:32,609 --> 01:08:35,647
Bank Medici's pulling out $450 million, Bern.

1280
01:08:35,745 --> 01:08:37,986
Stanley Chais has been draining us
all goddamn year,

1281
01:08:38,081 --> 01:08:40,459
<i>and this is on top of Fairfield's withdrawals.</i>

1282
01:08:40,550 --> 01:08:43,463
I delivered for these fucking people
for fucking decades

1283
01:08:43,553 --> 01:08:45,464
and now they're all
running for the fucking hills.

1284
01:08:45,555 --> 01:08:47,796
<i>Bern, we can't keep getting hi!
with these redemptions.</i>

1285
01:08:47,890 --> 01:08:49,597
We gotta find a way to oonsen/e.

1286
01:08:49,659 --> 01:08:51,468
I think we should lower the returns.

1287
01:08:51,561 --> 01:08:53,131
Are you kidding? Thafll cause a bigger panic.

1288
01:08:53,229 --> 01:08:55,505
They'll all pull out, the greedy fucks.
We can't do that.

1289
01:08:55,598 --> 01:08:57,236
<i>Well, we gotta do something.</i>

1290
01:08:57,300 --> 01:09:00,008
We're treading water
like a fucking paraplegic here.

1291
01:09:00,103 --> 01:09:02,481
- MAN: I wasjust saying...
- Hold on, let me get rid of this idiot.

1292
01:09:02,572 --> 01:09:05,485
...the joke on the street is that
Bernie's like the Jewish T-bill.

1293
01:09:05,575 --> 01:09:06,645
Very funny. I'm on the phone.

1294
01:09:06,743 --> 01:09:07,744
-L'm on the phone.
- He's that safe.

1295
01:09:07,810 --> 01:09:09,084
I'm on the phone.

1296
01:09:09,145 --> 01:09:10,954
I'll introduce you guys later.

1297
01:09:11,014 --> 01:09:12,425
He's gonna love you.

1298
01:09:12,482 --> 01:09:14,428
See if you can rattle Fairfields cage.

1299
01:09:14,917 --> 01:09:16,624
In the meantime, I've got a few ideas.

1300
01:09:16,686 --> 01:09:17,687
FRAN KI Fairfleld?
BERNIE; Yeah.

1301
01:09:17,787 --> 01:09:19,266
<i>All right.</i>

1302
01:09:27,363 --> 01:09:30,708
RUTH: Uh-huh. Nice, nice.
MAN: Not in a bathing suit.

1303
01:09:30,800 --> 01:09:32,370
(LAUGHS)

1304
01:09:32,802 --> 01:09:34,304
Me neither.

1305
01:09:34,971 --> 01:09:36,973
- Hey.
- Hey, kid.

1306
01:09:37,707 --> 01:09:40,620
Aren't you the one
who hustled those penny stocks

1307
01:09:40,677 --> 01:09:42,816
-in that shitty offlce you had downtown?
-(CHUCKLES)

1308
01:09:42,879 --> 01:09:44,654
Yeah, yeah, yeah. Yeah, that's me.

1309
01:09:44,714 --> 01:09:47,627
Can you believe
I've known this man for 50 years?

1310
01:09:47,684 --> 01:09:49,527
Carl, listen, I wanna tell you something.

1311
01:09:49,619 --> 01:09:50,791
Not now.

1312
01:09:51,654 --> 01:09:54,362
There are some real opportunities
in the market right now

1313
01:09:54,457 --> 01:09:56,403
and I wanna make you aware of them.

1314
01:09:56,492 --> 01:09:58,494
- Not now, Bernie.
- I know, I know.

1315
01:09:58,561 --> 01:09:59,733
- Not now.
- I know.

1316
01:09:59,829 --> 01:10:00,830
I wouldn't tell you about them

1317
01:10:00,897 --> 01:10:03,207
unless they were really,
really important, okay?

1318
01:10:03,299 --> 01:10:05,643
- I don't want you mad at me you missed out.
- All right.

1319
01:10:07,136 --> 01:10:09,980
- How much do you want me to put in?
-$250.

1320
01:10:10,707 --> 01:10:13,881
On top of the $300 million
I already have with you?

1321
01:10:13,976 --> 01:10:14,977
Yes.

1322
01:10:15,044 --> 01:10:17,046
The markei in shambles?

1323
01:10:17,413 --> 01:10:19,518
It's plummeting,
but now is the time to take advantage.

1324
01:10:19,582 --> 01:10:22,722
- I'll tell you what, l'm so exposed...
- That's exactly why I'm proposing this to you.

1325
01:10:22,819 --> 01:10:26,028
...l'm afraid I'll be arrested
for public indecency.

1326
01:10:26,089 --> 01:10:27,693
-(CHUCKLES)
-l'm not doing it with everybody.

1327
01:10:27,757 --> 01:10:30,499
- It's just a few people.
- All right, all right. Enough.

1328
01:10:30,560 --> 01:10:31,903
- Okay, and you are family.
<i>-l'll</i> tell you.

1329
01:10:31,994 --> 01:10:33,905
Listen, I'll think about it.

1330
01:10:33,996 --> 01:10:35,236
- 0 Kay
- O Kay?

1331
01:10:35,331 --> 01:10:36,401
Bui don'i take too long.

1332
01:10:36,499 --> 01:10:40,413
In all seriousness' don't take too long.
Please don't take too long.

1333
01:10:40,503 --> 01:10:43,416
- Carl...
- I said it. I will think about it.

1334
01:10:43,506 --> 01:10:45,452
- Period.
- I love you, I respect that.

1335
01:10:45,541 --> 01:10:47,020
Thank you very much.

1336
01:10:49,178 --> 01:10:53,024
- Fucking rich people. Parasites.
- You're in a mood.

1337
01:10:53,549 --> 01:10:55,051
(CELL PHONE RINGING)

1338
01:10:58,621 --> 01:10:59,622
I goita take this.

1339
01:11:03,292 --> 01:11:06,034
<i>FRAN</i> K: <i>Well, I just got off the phone
with that cocksucker at Kingate.</i>

1340
01:11:06,095 --> 01:11:08,097
He's pulling out $260 million.

1341
01:11:08,197 --> 01:11:11,940
Do these fucking people not understand
how a fucking split-strike works?

1342
01:11:12,034 --> 01:11:13,035
- Do they not understand?
- Hold on.

1343
01:11:13,102 --> 01:11:14,445
I goi Fairfleld calling me back. Hold on.

1344
01:11:15,204 --> 01:11:16,205
Yeah?

1345
01:11:21,477 --> 01:11:22,751
Hey. Uh, Rick Jarvis.

1346
01:11:22,812 --> 01:11:24,553
We met at the club
a few months back with Solomon.

1347
01:11:25,548 --> 01:11:26,959
Well, look, while l got your allention,

1348
01:11:27,049 --> 01:11:30,963
I just exited this private equity venture
with a 5X return.

1349
01:11:31,053 --> 01:11:34,057
L'm looking to put that money to work
right away this quarter.

1350
01:11:34,957 --> 01:11:37,437
Well, unfortunately, that's not possible.

1351
01:11:37,994 --> 01:11:38,972
I haven't told you how much.

1352
01:11:39,061 --> 01:11:42,008
- Well, it really doesn't matter.
-(CHUCKLES) $100 million.

1353
01:11:42,665 --> 01:11:46,135
(SIGHS) I'm sorry, but the fund
is fully subscribed for the quarter.

1354
01:11:46,469 --> 01:11:49,848
- Even in this market?
- My clients know not to worry.

1355
01:11:49,939 --> 01:11:51,316
I know how to avoid the pitfalls.

1356
01:11:52,408 --> 01:11:54,979
Okay, I want in this quarter, all right?

1357
01:11:55,077 --> 01:11:56,784
Whatever restrictions you wanna put on it,

1358
01:11:56,846 --> 01:11:59,986
you know, I'll park this money
with you for a long time.

1359
01:12:00,449 --> 01:12:02,656
It's not about the money.
It's about pushing clients aside.

1360
01:12:02,752 --> 01:12:05,824
I can't do that. I have to sacrifice someone,

1361
01:12:05,922 --> 01:12:09,028
a loyal client to me,
in order to accommodate you.

1362
01:12:09,125 --> 01:12:11,435
Unless it's really, really worth it...

1363
01:12:11,494 --> 01:12:15,032
lam talking about giving you $100 million.

1364
01:12:15,131 --> 01:12:17,168
That's, uh, not gonna do it.

1365
01:12:19,335 --> 01:12:20,712
So whafs it gonna take?

1366
01:12:21,437 --> 01:12:22,609
I have to do what's ethical.

1367
01:12:22,672 --> 01:12:26,142
- I can't let you jump the line.
<i>-l'll</i> go $150 ifyou let me.

1368
01:12:26,976 --> 01:12:28,785
- Love to help you, but I can't.
-$175.

1369
01:12:28,845 --> 01:12:30,324
Fully subscribed.

1370
01:12:32,014 --> 01:12:33,391
-$200.
- I wish I could.

1371
01:12:33,482 --> 01:12:34,790
I'm just thinking if I... No.

1372
01:12:35,952 --> 01:12:37,158
$225?

1373
01:12:39,288 --> 01:12:40,289
$250.

1374
01:12:41,457 --> 01:12:42,458
$275.

1375
01:12:44,126 --> 01:12:45,571
$300 million.

1376
01:12:47,730 --> 01:12:49,471
How far do we gotta go? Just tell me.

1377
01:12:49,832 --> 01:12:52,870
If you go above four,
we might have something.

1378
01:12:52,969 --> 01:12:54,175
$400.

1379
01:13:04,747 --> 01:13:05,987
I can do that.

1380
01:13:06,682 --> 01:13:07,820
We got a deal.

1381
01:13:08,851 --> 01:13:10,159
(CELL PHONE RINGS)

1382
01:13:10,653 --> 01:13:12,360
I gotta take this phone call.

1383
01:13:12,655 --> 01:13:13,656
Yeah?

1384
01:13:14,156 --> 01:13:15,931
I don't know who the fuck
I was just talking with,

1385
01:13:16,025 --> 01:13:18,767
but if this guy checks out,
we just picked up a good piece of change.

1386
01:13:19,161 --> 01:13:21,698
Well, the shit is definitely
hitting the fucking fan.

1387
01:13:21,764 --> 01:13:23,437
I got Fairfield Greenwich on the line.

1388
01:13:23,532 --> 01:13:25,034
- You want me to patch you in?
- Go ahead.

1389
01:13:25,101 --> 01:13:27,547
<i>MAN 1: Hey, Bernie.
We catching you at a <i>bad time?</i>

1390
01:13:27,603 --> 01:13:29,947
You tell me. I got a back spasm
thafs fucking killing me.

1391
01:13:30,039 --> 01:13:31,950
- MAN 2: Bernie. Bernie.
- What's going on?

1392
01:13:32,041 --> 01:13:33,247
- Can I just get one minute'?
- Not...

1393
01:13:33,342 --> 01:13:34,685
- J ust one minute to introduce you.
- I can't...

1394
01:13:34,744 --> 01:13:35,950
- I can't talk.
- Just one minute!

1395
01:13:36,045 --> 01:13:38,116
- Yeah?
- MAN 1: <i>Look,</i> Bern,

1396
01:13:38,214 --> 01:13:40,922
<i>you're basically the only fund
that hasn't gotten hammered.</i>

1397
01:13:41,017 --> 01:13:43,088
<i>You're the one place
clients can turn to for liquidity</i>

1398
01:13:43,185 --> 01:13:44,721
<i>without taking huge losses.</i>

1399
01:13:44,787 --> 01:13:46,528
(CHUCKLES) It's the winner's curse.

1400
01:13:47,023 --> 01:13:49,060
What... What, am I supposed to be flattered

1401
01:13:49,125 --> 01:13:51,196
that you just cashed out
a billion and a half dollars?

1402
01:13:51,260 --> 01:13:52,762
You gotta put a stop to these redemptions

1403
01:13:52,862 --> 01:13:54,933
because if you don't, just know
there's plenty of money out there

1404
01:13:55,031 --> 01:13:56,476
that would love to take your place.

1405
01:13:56,565 --> 01:14:00,035
- Is that a threat?
- You can take it any way you like.

1406
01:14:00,937 --> 01:14:04,282
Look at you,
all dressed up and no place to die.

1407
01:14:04,373 --> 01:14:07,217
- Hello, Jeffry.
- Come on, Bernie, there's no need for stress.

1408
01:14:07,276 --> 01:14:09,449
I haven't made many withdrawals.

1409
01:14:11,314 --> 01:14:14,386
Although, that's probably
something we should discuss. Hmm?

1410
01:14:15,885 --> 01:14:18,263
I did wanna tell you
that there are some real opportunities

1411
01:14:18,321 --> 01:14:20,892
in the market right now
if you're interested, Jeffry.

1412
01:14:20,957 --> 01:14:22,095
What do you think?

1413
01:14:22,158 --> 01:14:24,001
- We should be talking...
- Mrs. Madoff!

1414
01:14:24,093 --> 01:14:26,471
- Mr. Picower.
- Your husband doesn't look well.

1415
01:14:27,563 --> 01:14:29,236
You should attend to him. Hmm?

1416
01:14:31,968 --> 01:14:33,242
You okay?

1417
01:14:33,736 --> 01:14:37,775
What's wrong with him, Picower'?
He's one strange, sicko fuck.

1418
01:14:38,574 --> 01:14:41,612
Oh, by the way, my sister,
she's worried about the economy

1419
01:14:41,677 --> 01:14:44,521
and she was thinking about investing
the rest of her savings with you.

1420
01:14:44,613 --> 01:14:46,422
- Would that be okay?
- Yeah, sure.

1421
01:15:07,470 --> 01:15:11,282
Walter, I'm not a fucking
money market fund, do you understand?

1422
01:15:11,340 --> 01:15:12,978
If you don't stop these withdrawals

1423
01:15:13,042 --> 01:15:14,715
and replace the money
before the end of the month,

1424
01:15:14,810 --> 01:15:15,982
then I'm gonna cut you off!

1425
01:15:16,045 --> 01:15:18,355
I'm gonna close the whole fucking
Fairfield account!

1426
01:15:18,447 --> 01:15:19,619
Yes!

1427
01:15:20,349 --> 01:15:21,794
Do you hear me?

1428
01:15:22,485 --> 01:15:25,193
-(MUFFLED CONVERSATIONS)
-(DISHES CLATFERING)

1429
01:15:26,956 --> 01:15:28,958
Shit. What the...

1430
01:15:30,126 --> 01:15:31,901
(INDISTINCT CONVERSATIONS)

1431
01:15:33,863 --> 01:15:34,967
RUTH; I hated that.
MARK; You loved it.

1432
01:15:35,031 --> 01:15:36,203
RUTH: No, ldidn't!
MARK: You came out of there,

1433
01:15:36,298 --> 01:15:37,709
-you said you loved it. Don'i lie.
- RUTHI Oh, did not!

1434
01:15:37,800 --> 01:15:39,370
RUTH: You're such a liar.
MARK: You're a liar.

1435
01:15:39,468 --> 01:15:41,709
RUTH: Sweetheart, is that a little bit too rare?

1436
01:15:41,804 --> 01:15:43,181
EMILY: This is good.

1437
01:15:43,639 --> 01:15:45,141
- Everything all right?
- BERNIE: Yeah.

1438
01:15:47,877 --> 01:15:50,721
Did you wheel your luggage
into the bedroom?

1439
01:15:50,813 --> 01:15:52,019
RUTH: Why?

1440
01:15:52,081 --> 01:15:53,822
BERNIE: Did you wheel your luggage
into the bedroom?

1441
01:15:54,850 --> 01:15:57,763
Well, I certainly didn't bring it in
through the window.

1442
01:15:58,354 --> 01:16:01,597
But you smudged the wall by the door.
You scuffed it with your roller bag.

1443
01:16:02,925 --> 01:16:06,395
Well, string me up and feed me to the dogs.
(CHUCKLES)

1444
01:16:07,997 --> 01:16:10,739
I'm sorry I scuffed a wall, Bernie.

1445
01:16:12,668 --> 01:16:15,342
ANDREW: Emily wasjust
asking about Wall Street, Dad.

1446
01:16:16,005 --> 01:16:18,246
Yeah, how's Wall Street, Papa?

1447
01:16:18,340 --> 01:16:19,683
She's working on her MBA.

1448
01:16:19,909 --> 01:16:22,287
Dad, future head of Madoff Securities.

1449
01:16:22,378 --> 01:16:23,857
RUTH: That's right. Watch out, guys.

1450
01:16:25,181 --> 01:16:27,354
I asked how's Wall Street, Papa?

1451
01:16:28,951 --> 01:16:30,259
Wall Street is good.

1452
01:16:30,352 --> 01:16:32,127
Dad says things are bad at Wall Street.

1453
01:16:32,221 --> 01:16:34,098
Well, Dad told you that, but things are fine.

1454
01:16:35,191 --> 01:16:36,693
EMILY: Why are they bad?

1455
01:16:36,759 --> 01:16:37,965
What did I just say?

1456
01:16:38,694 --> 01:16:40,571
EMILY: I asked a question. Why is it bad?

1457
01:16:40,629 --> 01:16:42,108
I told you they're not bad.

1458
01:16:42,198 --> 01:16:43,541
Why don't you just eat?

1459
01:16:44,233 --> 01:16:46,941
Well, if it's not bad,
why do they call it a meltdown?

1460
01:16:49,271 --> 01:16:51,774
- Why don't you tell me?
- EMILY: How am I supposed to know?

1461
01:16:51,874 --> 01:16:53,581
- Do you read Barmn's? Huh'?
- That's why I'm asking you.

1462
01:16:53,642 --> 01:16:55,144
<i>Do you</i> read <i>the Wall Street Journal?</i>

1463
01:16:55,411 --> 01:16:57,789
- Why don't you tell me?
- I just asked a question.

1464
01:16:57,880 --> 01:17:00,292
BERNIE: You are my granddaughter
and you're an eight-year-old,

1465
01:17:00,382 --> 01:17:01,827
and you shouldn't be
asking me questions like that.

1466
01:17:01,917 --> 01:17:04,124
- I don't feel like talking about Wall Street.
- ANDREW: Hey, Dad.

1467
01:17:04,220 --> 01:17:06,757
- I don't feel like talking about Wall Street.
- Dad.

1468
01:17:06,822 --> 01:17:08,665
-L'm here having dinner with my family.
- That's enough.

1469
01:17:08,757 --> 01:17:09,792
RUTH: Bernie, whafs wrong with you?

1470
01:17:09,892 --> 01:17:11,337
- She's just curious.
- EMILY: Why are you being so mean?

1471
01:17:11,427 --> 01:17:13,134
Because she doesn't know
what the hell she's talking about.

1472
01:17:13,229 --> 01:17:15,732
She's eight years old.
I gotta get grilled by this kid.

1473
01:17:15,798 --> 01:17:17,471
- Why are you being so mean?
- BERNIE: When I've got so many other

1474
01:17:17,566 --> 01:17:19,739
goddamn things
I'm worried about on Wall Street

1475
01:17:19,802 --> 01:17:21,839
and this kid's asking me
about how Wall Street is.

1476
01:17:21,937 --> 01:17:24,008
- Shut up and eat your food!
- ANDREW: Dad!

1477
01:17:24,106 --> 01:17:27,644
It's okay, sweetheart Bernie, stop it!
What's wrong with you?

1478
01:17:27,977 --> 01:17:29,820
- Now you're playing the good guy.
-(EMILY CRYING)

1479
01:17:29,912 --> 01:17:31,983
- RUTH: Honey, it's okay, it's okay.
- Taking her side.

1480
01:17:32,681 --> 01:17:34,160
- Now I can't eat.
- She's just curious.

1481
01:17:34,250 --> 01:17:35,957
- It's okay, it's okay.
- She's an eight-year-old kid.

1482
01:17:36,018 --> 01:17:37,292
What's the matter with you?

1483
01:17:39,255 --> 01:17:40,461
RUTH: You'rejust too smart.

1484
01:17:42,124 --> 01:17:43,125
It's okay.

1485
01:17:51,834 --> 01:17:54,007
I wanna know why you're acting this way.

1486
01:17:54,103 --> 01:17:56,140
The fucking market is a bloodbath.

1487
01:17:59,642 --> 01:18:00,677
(GROANS)

1488
01:18:00,776 --> 01:18:02,619
- Hey, hey, hey.
- God damn it.

1489
01:18:03,279 --> 01:18:04,883
Take it... Dad.

1490
01:18:04,980 --> 01:18:06,459
Fucking thing.

1491
01:18:06,515 --> 01:18:09,519
What's going on? Are you all right?

1492
01:18:09,618 --> 01:18:11,996
(STAMMERS)
l starled these blood pressure pills.

1493
01:18:12,888 --> 01:18:13,889
Makes me dizzy.

1494
01:18:13,989 --> 01:18:16,299
- Maybe you should take a couple days off.
- No, I can't.

1495
01:18:17,393 --> 01:18:19,373
I have to be at the office
first thing in the morning.

1496
01:18:20,629 --> 01:18:23,132
- Founder of Home Depot.
- Reschedule.

1497
01:18:25,167 --> 01:18:27,204
- You know...
- This fucking thing.

1498
01:18:27,303 --> 01:18:31,718
If you ever trusted me
to help you with the advisory,

1499
01:18:31,807 --> 01:18:33,878
you know, I could handle
this kind of thing for you.

1500
01:18:33,976 --> 01:18:35,478
It's my business, not yours.

1501
01:18:37,012 --> 01:18:38,650
Well, what happens when you're gone?

1502
01:18:38,714 --> 01:18:41,024
-L'm not having this discussion with you.
-lt's a legitimate question.

1503
01:18:41,083 --> 01:18:43,063
-L'm not having this discussion with you.
- What is it, Dad?

1504
01:18:43,152 --> 01:18:44,256
Tell me. What is it?

1505
01:18:44,353 --> 01:18:46,094
Is it that I'm not cut out?

1506
01:18:47,590 --> 01:18:49,592
-(STAMMERS) Are you not listening?
- Just be honest with me.

1507
01:18:49,692 --> 01:18:52,229
- Just tell me.
- Do you not see what I have to deal with,

1508
01:18:52,328 --> 01:18:54,535
the shit that I have to go through
on a daily basis?

1509
01:18:54,597 --> 01:18:56,702
No, that's why... That's my point. (CHUCKLES)

1510
01:18:56,765 --> 01:18:58,403
The fucking shit that they put me through?

1511
01:18:58,500 --> 01:19:00,241
That they're trying to fuck me all the time?

1512
01:19:00,336 --> 01:19:02,680
Steal from me? Do you think you can do that?

1513
01:19:02,738 --> 01:19:04,615
- Do you think you can deal with that?
- Yes, I can.

1514
01:19:04,707 --> 01:19:07,415
I don't think you can deal with it.
Bullshit. I don't think so.

1515
01:19:08,177 --> 01:19:10,418
You can't stomach that stuff.
Thafs not in you.

1516
01:19:10,512 --> 01:19:12,514
Andy maybe, but not you.

1517
01:19:12,581 --> 01:19:13,719
What?

1518
01:19:14,783 --> 01:19:17,195
Wait, what are you saying?
Are you saying that Andy...

1519
01:19:17,753 --> 01:19:20,757
What are you saying?
Andy's better at his job than I am?

1520
01:19:20,856 --> 01:19:23,530
- Mark.
- I go to that fucking offlce every single day.

1521
01:19:23,592 --> 01:19:25,128
I do the same thing that he does.

1522
01:19:25,761 --> 01:19:29,368
I gave you a fucking business to run.
Are you not happy with that?

1523
01:19:29,431 --> 01:19:33,709
- Was that not good enough for you'?
-lt is definitely good enough for me, Dad.

1524
01:19:33,769 --> 01:19:35,214
-L'm just trying...
- Well, then shut the fuck up

1525
01:19:35,271 --> 01:19:36,944
and give me a little fucking gratitude.

1526
01:19:37,039 --> 01:19:40,248
Say, "l'm... Thanks, Dad." Can't you do that?

1527
01:19:42,044 --> 01:19:43,955
What do you think? The whole fucking world
owes you something?

1528
01:19:44,046 --> 01:19:45,923
The whole fucking world owes you nothing.

1529
01:19:45,981 --> 01:19:48,120
You gotta work for it,
and I always say this with your mother.

1530
01:19:48,217 --> 01:19:51,460
This is the problem
with having money, an education.

1531
01:19:51,553 --> 01:19:52,964
Nothing is earned.

1532
01:19:53,055 --> 01:19:55,729
You want something,
you gotta fucking work for it.

1533
01:20:00,729 --> 01:20:02,140
What, you don't think I have?

1534
01:20:30,592 --> 01:20:32,265
For you, ii was installing sprinklers.

1535
01:20:32,328 --> 01:20:35,309
For me, it was digging ditches
on a construction crew.

1536
01:20:35,364 --> 01:20:38,436
I never would have started Home Depot
if I hadn't had that experience.

1537
01:20:39,668 --> 01:20:42,615
Ken, I wanna be respectful of your time,
so I'm gonna get right to it.

1538
01:20:42,671 --> 01:20:46,881
L'm starting a new, highly-exclusive fund.
It's gonna have just five investors.

1539
01:20:46,975 --> 01:20:50,946
Same split-strike conversion strategy
that's performed so consistenily.

1540
01:20:52,147 --> 01:20:55,560
But, frankly,
this fund's gonna have even higher returns.

1541
01:20:55,651 --> 01:20:58,689
The only thing is that it relies
on the market volatility that we're seeing now,

1542
01:20:58,787 --> 01:21:00,664
so I gotta put the money together right away.

1543
01:21:01,790 --> 01:21:03,701
Your current fund's
been running for a while, hasn't it?

1544
01:21:03,792 --> 01:21:06,864
It has. Decades.
Double-digit returns every year.

1545
01:21:06,962 --> 01:21:09,203
And you're promising
even better returns for the new fund?

1546
01:21:09,698 --> 01:21:12,338
-It's a unique opportunity, Ken.
- Uh-huh.

1547
01:21:12,801 --> 01:21:14,872
So I'm asking myself only one question.

1548
01:21:15,738 --> 01:21:18,651
What if I'm a longtime client of yours,

1549
01:21:19,641 --> 01:21:23,987
and, uh, how would I feel
getting shafted for new customers?

1550
01:21:24,480 --> 01:21:27,552
There are other people
that I do other funds with,

1551
01:21:27,649 --> 01:21:29,856
but I don't wanna include them in this
because they're not...

1552
01:21:30,352 --> 01:21:32,389
- Well, wait a second.
-(STUTTERS) They're not the ones...

1553
01:21:32,488 --> 01:21:34,490
Okay, just a second.
(STUTFERS) I'm a little confused.

1554
01:21:34,556 --> 01:21:35,899
You got this fund, you got that fund...

1555
01:21:35,991 --> 01:21:38,665
You got people who are long-term customers
and you're not gonna...

1556
01:21:38,727 --> 01:21:40,206
Those people are already taken care of.

1557
01:21:40,262 --> 01:21:42,105
We have... We have other funds with them.

1558
01:21:42,197 --> 01:21:44,199
Bernie, I don't...
I don't know what you're trying to say.

1559
01:21:44,833 --> 01:21:46,107
- Well...
- I'm confused.

1560
01:21:46,668 --> 01:21:48,739
The new fund is getting money
before the other people?

1561
01:21:48,837 --> 01:21:50,043
No, no. Ken, that's not what I'm saying.

1562
01:21:50,105 --> 01:21:51,607
No, that's exactly what you're saying.

1563
01:21:51,707 --> 01:21:54,244
No, I'm not saying that.
They are taken care of.

1564
01:21:54,343 --> 01:21:56,254
I have other arrangements with them.

1565
01:21:56,345 --> 01:21:57,756
Something is not kosher here.

1566
01:21:57,846 --> 01:21:59,587
- Something.
- No, it's all kosher.

1567
01:21:59,681 --> 01:22:02,059
I think it's not kosher.
I think it's total bullshit.

1568
01:22:02,117 --> 01:22:03,357
That's what I think.

1569
01:22:03,419 --> 01:22:06,889
It's hitting me the wrong way.
Something is wrong here.

1570
01:22:07,790 --> 01:22:09,701
I think you're full of shit, thafs what I think.

1571
01:22:10,859 --> 01:22:12,202
I'm getting the hell out of here.

1572
01:22:24,273 --> 01:22:25,377
Is that guy in?

1573
01:22:26,742 --> 01:22:27,880
You're kidding me.

1574
01:22:29,778 --> 01:22:35,592
All right, well, uh, between Medici, Kingate,
and, uh, the fucking Spaniards,

1575
01:22:35,651 --> 01:22:38,325
that's minus $1.5 billion right there.

1576
01:22:39,455 --> 01:22:44,063
Uh, thanks to Fairfield,
we're down $980 in November

1577
01:22:44,126 --> 01:22:47,801
and, uh, we're looking at
at least minus $580 in December, Bern.

1578
01:22:48,130 --> 01:22:51,634
(INHALES DEEPLY) We write
that fucking check, it's gonna bounce.

1579
01:22:51,733 --> 01:22:53,508
We got $300 million left.

1580
01:22:53,936 --> 01:22:55,347
What do you wanna do?

1581
01:22:55,737 --> 01:22:57,512
Hey, Carl, this is great news.

1582
01:22:57,606 --> 01:22:59,608
I just want you to know it's great news.

1583
01:22:59,675 --> 01:23:02,155
- CARL: All right, take care.
- Okay, of course, of course.

1584
01:23:02,244 --> 01:23:03,655
- Great. Okay, talk soon.
- ThatS it. All right?

1585
01:23:03,745 --> 01:23:05,349
- Thank you.
- Okay.

1586
01:23:05,481 --> 01:23:06,960
He's in for $250.

1587
01:23:07,015 --> 01:23:09,461
All right. That's not nothin'.

1588
01:23:09,518 --> 01:23:13,022
- No, but it's not enough.
- No, it's definitely not enough.

1589
01:23:13,489 --> 01:23:14,934
What about that schmuck from Palm Beach?

1590
01:23:15,591 --> 01:23:17,832
No, no, no, itwas, like,
20 fucking questions with that guy.

1591
01:23:17,926 --> 01:23:21,499
He wanted to know why our comptroller
was based in Bermuda,

1592
01:23:21,597 --> 01:23:24,271
why our auditor was a one-man operation

1593
01:23:24,333 --> 01:23:26,540
working out of a strip mall
in upstate New York.

1594
01:23:26,635 --> 01:23:28,273
It was a whole fucking thing with that guy.

1595
01:23:33,375 --> 01:23:34,854
<i>ANDREW: It's not an easy conversation.</i>

1596
01:23:34,943 --> 01:23:36,820
<i>CATH</i> ERIN <i>E2
I've already laid the groundwork for this.</i>

1597
01:23:36,879 --> 01:23:38,859
<i>You're hardly in the office anymore.</i>

1598
01:23:38,947 --> 01:23:41,188
I think what I say is that...

1599
01:23:41,283 --> 01:23:44,355
Andrew, sweetheart,
you don't have to sell him on a decision

1600
01:23:44,453 --> 01:23:45,989
that you're making for yourself.

1601
01:23:46,288 --> 01:23:48,666
- This <i>is about you.</i>
- I know, I know.

1602
01:23:48,724 --> 01:23:51,000
It's just hard because I know
he's gonna be disappointed.

1603
01:23:51,293 --> 01:23:52,465
Well, I'm not.

1604
01:23:53,462 --> 01:23:54,964
Iam very proud of you.

1605
01:23:55,664 --> 01:23:56,870
<i>Thanks.</i>

1606
01:23:58,300 --> 01:24:00,075
<i>Okay, I'll see you when I get home.</i>

1607
01:24:00,736 --> 01:24:01,976
<i>I love you.</i>

1608
01:24:03,472 --> 01:24:04,746
ANDREW: Dad?

1609
01:24:06,141 --> 01:24:07,381
You okay? What's wrong?

1610
01:24:07,476 --> 01:24:11,856
0h, fucking back spasm. It's all seized up.
This is the only position that doesn't kill.

1611
01:24:11,914 --> 01:24:15,327
-L'm sorry. Can I get you something?
- I already took a bunch of pills.

1612
01:24:15,684 --> 01:24:17,891
- What's up'?
- Uh, nothing.

1613
01:24:17,986 --> 01:24:20,330
- We can talk later.
- Look, what do you need?

1614
01:24:20,389 --> 01:24:21,493
No, forget it.

1615
01:24:22,190 --> 01:24:23,362
Fucking spit it out.

1616
01:24:24,159 --> 01:24:27,436
- Well, I wanna talk to you about a few things.
- Then spit it out. Come on.

1617
01:24:28,397 --> 01:24:31,344
Well... Well, look, um...

1618
01:24:32,701 --> 01:24:34,908
I'm thinking about
taking office space somewhere else.

1619
01:24:37,339 --> 01:24:39,182
You're thinking about leaving the business?

1620
01:24:40,175 --> 01:24:41,848
I'm ready to strike out on my own.

1621
01:24:43,278 --> 01:24:45,554
And here I was worried
about the business I handed you.

1622
01:24:45,614 --> 01:24:47,958
Look, I have professional goals of my own.

1623
01:24:48,417 --> 01:24:50,294
And I'd like to run my own company someday

1624
01:24:50,385 --> 01:24:52,228
and it's obviously
not happening here anytime soon.

1625
01:24:52,287 --> 01:24:53,960
You're pretty fucking selfish, Andrew.

1626
01:24:54,456 --> 01:24:55,867
You got some fucking nerve.

1627
01:24:55,924 --> 01:24:58,427
I've worked here forever
and I'm still not a partner.

1628
01:24:58,860 --> 01:25:01,431
It's your name on the door,
<i>as</i> you love to say.

1629
01:25:01,530 --> 01:25:03,737
You obviously can't see
how selfish you're being right now.

1630
01:25:03,799 --> 01:25:05,938
Let me ask you something,
do you know what kind of offers

1631
01:25:06,034 --> 01:25:07,445
I've gotten 1o sell this firm?

1632
01:25:07,536 --> 01:25:09,038
- Do you?
- No, I don't.

1633
01:25:09,204 --> 01:25:11,548
The last one was from Goldman
for a billion dollars.

1634
01:25:11,873 --> 01:25:13,716
What? Why didn't you take it?

1635
01:25:13,775 --> 01:25:15,254
Because I didn't wanna take it.

1636
01:25:15,310 --> 01:25:17,119
I need it like I need a fucking hole in the head.

1637
01:25:17,212 --> 01:25:20,125
And the main reason I didn't take it
is because of you boys, that's why.

1638
01:25:20,215 --> 01:25:23,321
Because one day, I want this to be yours
with your name on the door.

1639
01:25:25,621 --> 01:25:27,623
I mean, why else would you think I'd do it?

1640
01:25:30,892 --> 01:25:32,496
You're welcome.

1641
01:25:34,630 --> 01:25:36,473
- You're welcome.
- Yeah, I heard you.

1642
01:25:39,735 --> 01:25:41,578
(REPORTERS CLAMORING)

1643
01:25:46,441 --> 01:25:48,648
- Bernie, how far...
- Did your wife know?

1644
01:25:48,744 --> 01:25:49,984
Bernie, did yourwife knovfl

1645
01:25:52,280 --> 01:25:55,523
<i>REPORTER: People familiar with the case
tell CBS News federal investigators</i>

1646
01:25:55,617 --> 01:25:59,531
<i>are ripping apart 20 years of fraud
inside Madoffs firm,</i>

1647
01:25:59,621 --> 01:26:03,364
<i>moving beyond Bernie,
looking at sons Andrew and Mark,</i>

1648
01:26:03,458 --> 01:26:04,801
<i>who directed trading activities,</i>

1649
01:26:04,860 --> 01:26:07,807
<i>and brother Peter, the companyS
Chief Compliance Ofiicer.</i>

1650
01:26:07,863 --> 01:26:10,503
<i>None have been charged
with any wrongdoing.</i>

1651
01:26:10,599 --> 01:26:13,978
<i>So, now as Bernie Madoff prepares
for what may be his last night</i>

1652
01:26:14,036 --> 01:26:15,447
of comfort in...
- Hey.

1653
01:26:15,504 --> 01:26:17,006
What is it?

1654
01:26:17,272 --> 01:26:21,687
Hmm. I don't know, maybe it's a waste of time,
but I thought that I would try to write.

1655
01:26:22,544 --> 01:26:24,217
- Write what?
-(CHUCKLES)

1656
01:26:24,546 --> 01:26:25,957
I don't know, a book.

1657
01:26:28,116 --> 01:26:29,288
Ah, it sounds stupid.

1658
01:26:30,952 --> 01:26:32,795
No, it doesn't sound stupid.

1659
01:26:33,622 --> 01:26:36,501
(STAMMERS) It may not be
any good, bui l, um...

1660
01:26:37,793 --> 01:26:39,966
This isjust the opening.

1661
01:26:42,964 --> 01:26:45,137
- Do you wanna hear it?
- Yeah, I'd love to hear it.

1662
01:26:51,973 --> 01:26:54,715
"Up until December 10th, 2008,

1663
01:26:54,810 --> 01:26:58,485
"l spent the entirety of my life
in awe of my father.

1664
01:26:59,481 --> 01:27:04,362
"L judged every accomplishment,
every failure, professionally or personally,

1665
01:27:04,419 --> 01:27:05,659
"against the life he lived.

1666
01:27:06,188 --> 01:27:09,067
"His approval meant everything,
maybe too much,

1667
01:27:09,157 --> 01:27:10,898
"and for <i>as</i> long as I can remember,

1668
01:27:10,992 --> 01:27:13,165
"l worked as hard as I could
to make him proud.

1669
01:27:14,229 --> 01:27:16,072
"And then one day,

1670
01:27:16,164 --> 01:27:19,077
"l found out that my father
was not the man I thought.

1671
01:27:19,668 --> 01:27:22,615
"He was a criminal, a man I didn't respect.

1672
01:27:23,238 --> 01:27:25,582
"And yet this man, my father,

1673
01:27:25,674 --> 01:27:29,087
"is the same man
who taught me right from wrong,

1674
01:27:29,177 --> 01:27:34,422
"taught me to be fair and decent and honest,
taught me about the importance of character,

1675
01:27:34,516 --> 01:27:36,553
"what it means to be a husband,

1676
01:27:38,086 --> 01:27:41,397
"and, most importantly, how to be a father.

1677
01:27:43,225 --> 01:27:46,229
"L am the son of Bernie Madoff.

1678
01:27:46,728 --> 01:27:49,436
"L used to think that I could never escape that.

1679
01:27:50,265 --> 01:27:51,903
"Now I'm certain I won't.

1680
01:27:54,035 --> 01:27:55,378
"Why is it so hard to believe

1681
01:27:55,437 --> 01:27:57,917
"that those closest to him
wouldn't see him as a criminal?

1682
01:27:57,973 --> 01:28:02,388
"Why is it so hard to believe that his son
would think his father could do no wrong?

1683
01:28:03,945 --> 01:28:06,425
"When I look at my youngest son, Nick,

1684
01:28:07,482 --> 01:28:11,953
"l fear the day when he's old enough to ask
what his grandfather was like.

1685
01:28:13,155 --> 01:28:15,066
"What kind of man was he?

1686
01:28:15,991 --> 01:28:18,335
"Ifl tell him he was evil,

1687
01:28:19,628 --> 01:28:22,609
"how can I explain that I'm... (VOICE BREAKS)

1688
01:28:26,568 --> 01:28:27,569
(CRIES)

1689
01:28:28,170 --> 01:28:29,410
"That l..."

1690
01:28:36,411 --> 01:28:37,685
It's good, Mark.

1691
01:28:40,081 --> 01:28:41,458
It's really good.

1692
01:28:41,983 --> 01:28:44,088
Yeah, I... I don't know.

1693
01:28:54,496 --> 01:28:55,998
<i>CATHERINE: So, is it a plea deal?</i>

1694
01:28:56,097 --> 01:28:58,509
<i>MARTIN: No. He's just pleading guilty.</i>

1695
01:28:58,600 --> 01:29:01,877
MARK: <i>So, he's just gonna plead guilty
to all the charges and that's it?</i>

1696
01:29:01,970 --> 01:29:03,142
MARTIN; It looks that way.

1697
01:29:03,205 --> 01:29:05,116
- So there will be no trial?
- No.

1698
01:29:05,173 --> 01:29:07,949
MARK: Have you read
what they're saying about us?

1699
01:29:08,009 --> 01:29:11,183
Every fucking day they're calling for our head.

1700
01:29:11,513 --> 01:29:13,515
<i>Every paper, evely biog.</i>

1701
01:29:13,615 --> 01:29:17,119
<i>How are those people gonna know
we're innocent if there's no trial? How?</i>

1702
01:29:17,452 --> 01:29:19,489
- How?
- The sooner he is locked up...

1703
01:29:19,554 --> 01:29:20,828
- Bullshit.
- This will be over.

1704
01:29:20,889 --> 01:29:22,698
It's gonna fucking linger.

1705
01:29:22,791 --> 01:29:26,739
The questions, the suspicions,
the fucking paparazzi camped out...

1706
01:29:26,828 --> 01:29:31,402
- Are they not charging him with conspiracy?
- No, he won't plead guilty to conspiracy.

1707
01:29:31,499 --> 01:29:33,479
REPORTER:
Mr. Madoff, are you going to plead guilty?

1708
01:29:33,535 --> 01:29:35,811
<i>MARK: Yeah, well, they should
charge him anyway and force a trial.</i>

1709
01:29:35,871 --> 01:29:37,851
<i>ANDREW: If they took Dad to trial,
what would happen?</i>

1710
01:29:37,906 --> 01:29:39,317
<i>Just think about it, Mark.</i>

1711
01:29:39,808 --> 01:29:41,810
<i>You're talking about putting the richest</i>

1712
01:29:41,877 --> 01:29:44,380
<i>and most powerful people
in the world up on that stand.</i>

1713
01:29:44,646 --> 01:29:47,991
You're talking about JP Morgan,

1714
01:29:48,049 --> 01:29:51,826
Chase, HSBC, Swiss Banks.

1715
01:29:52,220 --> 01:29:55,827
You're talking about
the world's financial system on trial.

1716
01:29:55,891 --> 01:30:01,898
Now, l'm not a conspiracy theorist,
but trust me, that will never happen. Ever.

1717
01:30:02,530 --> 01:30:05,204
So, no, there won't be a trial.

1718
01:30:05,500 --> 01:30:10,108
The public won't know the truth.
And we'll be lefl to fend for ourselves.

1719
01:30:10,605 --> 01:30:12,278
STEPHANIEI I don't understand, Mark.

1720
01:30:13,008 --> 01:30:15,887
- Do you want a trial?
- No.

1721
01:30:16,511 --> 01:30:18,184
Well, what do you want?

1722
01:30:19,281 --> 01:30:21,784
(SNIFFLES) lwant my life back.

1723
01:30:25,020 --> 01:30:26,294
(PHONE RINGING)

1724
01:30:30,292 --> 01:30:32,135
STEPHANIE: We're not here. Leave a message.

1725
01:30:33,361 --> 01:30:34,567
Mom again.

1726
01:30:34,629 --> 01:30:36,631
<i>RUTH: Hi, it's me again.</i>

1727
01:30:38,533 --> 01:30:39,910
Your mother.

1728
01:30:39,968 --> 01:30:43,472
I don't know why I'm calling.

1729
01:30:46,041 --> 01:30:52,322
<i>I feel like such a moron
leaving all these messages, begging you.</i>

1730
01:30:52,948 --> 01:30:55,258
(SNIFFLES) <i>I</i> don't know.

1731
01:30:57,118 --> 01:31:00,930
I miss you. I miss Stephanie, I miss Audrey.

1732
01:31:01,589 --> 01:31:02,590
(SIGHS)

1733
01:31:03,391 --> 01:31:07,897
<i>I haven't even seen little Nick.
I haven't even seen my grandson.</i>

1734
01:31:08,663 --> 01:31:10,609
<i>What am I supposed to do, Mark?</i>

1735
01:31:10,899 --> 01:31:12,606
<i>(SIGHS) I'm stuck.</i>

1736
01:31:14,169 --> 01:31:16,775
<i>I'm so sorry. I'm sorry for what he did.</i>

1737
01:31:16,838 --> 01:31:19,978
<i>I don't know what he was thinking.
I can't even fathom it.</i>

1738
01:31:20,075 --> 01:31:23,420
I just don't understand
why you're so angry at me.

1739
01:31:24,579 --> 01:31:28,152
I know you want me to leave him,
but I can't just abandon him.

1740
01:31:28,249 --> 01:31:32,755
How am I supposed to just walk out
of a 50-year marriage?

1741
01:31:33,188 --> 01:31:34,758
He's my lifetime.

1742
01:31:36,024 --> 01:31:38,868
He's my whole, entire memory.

1743
01:31:39,861 --> 01:31:41,602
<i>I don't know anything else.</i>

1744
01:31:43,098 --> 01:31:44,702
<i>I've never been on my own.</i>

1745
01:31:47,435 --> 01:31:49,779
I'm not as brave as you two.

1746
01:31:53,975 --> 01:31:55,283
Call me.

1747
01:31:57,979 --> 01:31:59,185
(ANSWERING MACHINE BEEPS)

1748
01:32:01,983 --> 01:32:03,860
<i>JUDGE: How do you now plead to count one,</i>

1749
01:32:04,686 --> 01:32:08,463
<i>the charge of securities fraud,
guilty or not guilty?</i>

1750
01:32:08,723 --> 01:32:09,793
Guilty.

1751
01:32:09,858 --> 01:32:11,963
<i>How do you plead to count two,</i>

1752
01:32:12,293 --> 01:32:16,673
<i>the charge of investment advisory fraud,
guilty or not guilty?</i>

1753
01:32:16,798 --> 01:32:18,004
Guilty.

1754
01:32:19,134 --> 01:32:21,080
<i>How do you now plead to count three,</i>

1755
01:32:21,169 --> 01:32:24,207
<i>the charge of mail fraud, guilty or not guilty?</i>

1756
01:32:24,305 --> 01:32:25,648
Guilty.

1757
01:32:26,474 --> 01:32:29,080
<i>- How do you now plead to count four?
- Guilty.</i>

1758
01:32:29,310 --> 01:32:31,984
<i>- How do you now plead to count five?
- Guilty.</i>

1759
01:32:32,480 --> 01:32:35,154
<i>- How do you now plead to count six?
- Guilty.</i>

1760
01:32:35,817 --> 01:32:38,354
<i>- How do you now plead to count seven?
- Guilty.</i>

1761
01:32:38,887 --> 01:32:41,527
<i>- How do you now plead to count eight?
- Guilty.</i>

1762
01:32:41,823 --> 01:32:44,429
<i>- How do you now plead to count nine?
- Guilty.</i>

1763
01:32:46,327 --> 01:32:47,897
Guilty.

1764
01:32:49,531 --> 01:32:51,169
Guilty.

1765
01:32:53,535 --> 01:32:56,448
<i>As Mr. Madoff has pled guilty,</i>

1766
01:32:56,771 --> 01:33:00,014
<i>he is no longer entitled
to the presumption of innocence.</i>

1767
01:33:00,341 --> 01:33:03,686
<i>In light of his age, he has incentive to flee.</i>

1768
01:33:04,512 --> 01:33:06,014
<i>He has the means to flee</i>

1769
01:33:06,081 --> 01:33:10,587
<i>and thus, bail is revoked
and the defendant is remanded.</i>

1770
01:33:10,685 --> 01:33:12,790
Your Honor, would Your Honor
consider, respectfully,

1771
01:33:12,887 --> 01:33:14,230
a stay so that we might appeal...

1772
01:33:14,289 --> 01:33:16,360
<i>Your request for a stay is denied.</i>

1773
01:33:17,025 --> 01:33:19,369
<i>Mr. Madoff, I will see you at sentencing.</i>

1774
01:33:19,427 --> 01:33:21,373
<i>- Sorry, Bernie.
- We are adjourned.</i>

1775
01:33:21,563 --> 01:33:22,701
(GAVEL BANGS)

1776
01:33:25,233 --> 01:33:27,975
MAN: If you are visiting an inmate
in the maximum-security wing,

1777
01:33:28,069 --> 01:33:30,481
form a single-file line to your right.

1778
01:33:51,426 --> 01:33:52,598
Stop here.

1779
01:33:53,795 --> 01:33:54,796
Keys.

1780
01:34:03,138 --> 01:34:04,242
Turn around.

1781
01:34:05,974 --> 01:34:07,248
Open your legs.

1782
01:34:11,412 --> 01:34:13,449
<i>BERNIE: In the cell next to me,
they got this terrorist.</i>

1783
01:34:13,515 --> 01:34:15,290
<i>Some sheikh. I can'! remember his name.</i>

1784
01:34:15,350 --> 01:34:17,193
<i>But that's my neighbor. Go figure.</i>

1785
01:34:18,786 --> 01:34:22,427
RUTH: <i>I don't understand
why they put you in maximum security.</i>

1786
01:34:26,861 --> 01:34:30,434
- Did you finish packing up the apartment?
- RUTH: There's not much left to pack.

1787
01:34:31,099 --> 01:34:32,601
They're taking everything.

1788
01:34:32,934 --> 01:34:34,208
They even said to me,

1789
01:34:34,302 --> 01:34:36,509
"We're gonna need your underwear
and nightgowns."

1790
01:34:36,604 --> 01:34:39,107
- Who said that?
- U.S. Marshals.

1791
01:34:39,707 --> 01:34:40,947
What would they want your underwear for?

1792
01:34:41,309 --> 01:34:43,653
They're gonna sell it.
They're gonna auction it off.

1793
01:34:44,946 --> 01:34:46,186
It's unbelievable.

1794
01:34:46,347 --> 01:34:48,190
Nothing is off-limits to these people.

1795
01:34:48,283 --> 01:34:49,557
RUTH: I don't even like to think about it.

1796
01:34:49,884 --> 01:34:52,023
It's so spooky.

1797
01:34:52,720 --> 01:34:54,290
Have you spoken to the boys?

1798
01:34:55,290 --> 01:34:56,963
No one speaks to me.

1799
01:34:58,560 --> 01:34:59,971
Except my sister.

1800
01:35:01,296 --> 01:35:04,175
Joan even offered
to let me oome stay with her in Boca.

1801
01:35:04,632 --> 01:35:06,578
- Well, she's your sister.
- Yeah, I know,

1802
01:35:06,668 --> 01:35:11,014
but considering she and Bob
lost everything they had...

1803
01:35:11,739 --> 01:35:13,650
It was all with you.

1804
01:35:13,708 --> 01:35:16,086
I mean, it meant a lot to me.

1805
01:35:17,011 --> 01:35:18,718
Yeah, that was unfortunate.

1806
01:35:18,813 --> 01:35:20,724
That's why I was hoping
to have those few extra days

1807
01:35:20,815 --> 01:35:22,351
to make sure everyone was taken care of.

1808
01:35:24,152 --> 01:35:28,066
I just feel like such a total putz.

1809
01:35:28,156 --> 01:35:29,157
L...

1810
01:35:29,824 --> 01:35:32,065
I mean, when you don't know
what's going on,

1811
01:35:32,160 --> 01:35:33,901
you don't even know what to say.

1812
01:35:35,163 --> 01:35:38,110
I mean, how am I supposed to explain
the Cohmad withdrawals?

1813
01:35:38,199 --> 01:35:40,941
You asked me to transfer money
from one account to another.

1814
01:35:41,035 --> 01:35:45,882
I do it and a few hours later,
you tell me it's all a Ponzi scheme.

1815
01:35:47,242 --> 01:35:51,748
All these questions
and I don't have any answers, Bernie.

1816
01:35:52,680 --> 01:35:57,186
Even if you had told me,
I'm not sure I would've turned you in.

1817
01:35:59,354 --> 01:36:01,391
I don't know what that says about me.

1818
01:36:03,858 --> 01:36:05,701
That's the tragedy of it.

1819
01:36:08,730 --> 01:36:11,142
<i>REPORTER: Mr. Madoff, are you scared
you're gonna lose your home?</i>

1820
01:36:11,232 --> 01:36:13,610
Mr. Madoff, what do you have to say
to all of the people...

1821
01:36:13,701 --> 01:36:14,702
Please go away.

1822
01:36:14,769 --> 01:36:15,804
STEPHANIE: What the hell is wrong with you?

1823
01:36:15,903 --> 01:36:18,747
- Please leave us alone.
- STEPHANIE: Can you put the camera down?

1824
01:36:19,407 --> 01:36:22,047
Do you feel guilty? Do you feel remorseful?

1825
01:36:22,110 --> 01:36:23,646
You feeling like you're scared?

1826
01:36:24,479 --> 01:36:25,958
Do you feel any responsibility?

1827
01:36:26,047 --> 01:36:27,253
What the hell is wrong with you?

1828
01:36:27,315 --> 01:36:28,623
What kind of person chases a family?

1829
01:36:28,716 --> 01:36:30,389
REPORTER: You don't have any right
to touch my personal...

1830
01:36:30,451 --> 01:36:32,897
- I could sue you for shoving me.
- Oh, fuck you! Get in line.

1831
01:36:32,954 --> 01:36:35,662
Do you enjoy this? Do you enjoy...

1832
01:36:40,461 --> 01:36:41,963
STEPHANIE: I don't get it, Mark.

1833
01:36:42,063 --> 01:36:44,065
- I don't get it.
- What's there to get?

1834
01:36:44,732 --> 01:36:47,645
Your first instinct was to abandon us.
I don't get that.

1835
01:36:47,735 --> 01:36:48,839
I was waiting foryou here.

1836
01:36:48,936 --> 01:36:51,314
You left his stroller
in the middle of the street, Mark.

1837
01:36:51,406 --> 01:36:52,612
-It was on the sidewalk.
-lt doesn't matter.

1838
01:36:52,674 --> 01:36:53,812
You just left me to deal with everything.

1839
01:36:53,908 --> 01:36:55,114
Do you understand how unfair that is?

1840
01:36:55,176 --> 01:36:57,178
This is about me. They want me.

1841
01:36:57,278 --> 01:36:58,780
- This isn't about you.
- No, this is about all of us.

1842
01:37:00,081 --> 01:37:02,322
I... I am sick and tired
of you acting like it's not.

1843
01:37:02,417 --> 01:37:03,691
- You know...
- So what do you want, Steph?

1844
01:37:03,785 --> 01:37:05,025
You want a divorce?

1845
01:37:07,855 --> 01:37:09,266
Just some acknowledgment.

1846
01:37:21,369 --> 01:37:24,043
<i>NEWSCASTER: (ON TV) Financial swindler
Bernie Madoff is awaiting sentencing</i>

1847
01:37:24,138 --> 01:37:28,177
<i>at the Manhattan Correctional Facility
as investigators dig</i> in...

1848
01:37:28,276 --> 01:37:30,153
<i>...to see if those who were closest to MadofL.</i>

1849
01:37:30,211 --> 01:37:32,157
Great, This is unbelievable.

1850
01:37:32,213 --> 01:37:35,126
<i>...what has been called
the largest Ponzi scheme ever.</i>

1851
01:37:35,183 --> 01:37:37,686
MAN: <i>(ON</i> TV) <i>As we know,
Bernie Madoff has continued to maintain</i>

1852
01:37:37,785 --> 01:37:41,824
<i>that he and only he perpetuated this crime.</i>

1853
01:37:41,889 --> 01:37:44,028
<i>But it's clear the money trail is not real.</i>

1854
01:37:44,125 --> 01:37:46,036
<i>CATHERINE: Every day,
Mark sends you articles,</i>

1855
01:37:46,127 --> 01:37:48,539
<i>things he's read, things that pissed him oft</i>

1856
01:37:49,397 --> 01:37:50,842
It's not fair.

1857
01:37:51,199 --> 01:37:54,203
It's not fair to you and it's not fair to me.

1858
01:37:54,302 --> 01:37:56,543
I agree. He's stuck.

1859
01:37:57,138 --> 01:38:01,052
<i>He keeps going in circles,
reading blag after biog. It's unhealthy.</i>

1860
01:38:01,142 --> 01:38:03,247
But what do you want me 1o do, Catherine?

1861
01:38:04,812 --> 01:38:06,382
Create a little distance.

1862
01:38:07,582 --> 01:38:10,358
Well, lhafd be easier if he wasn't
the only family member l have left.

1863
01:38:13,488 --> 01:38:14,660
(CAR DOOR SLAMS)

1864
01:38:16,224 --> 01:38:18,864
<i>NEWSCASTER: (on TV)
Mark and Andrew Madoff's attorneys</i>

1865
01:38:18,926 --> 01:38:21,429
<i>say they are guilty of no crimes,</i>

1866
01:38:21,529 --> 01:38:23,406
<i>but authorities and victims
are having tmuble swallowing...</i>

1867
01:38:33,274 --> 01:38:35,413
Andrew fucking Madoff.

1868
01:38:35,510 --> 01:38:37,251
How have you been, Reed?

1869
01:38:37,545 --> 01:38:41,960
Well, after your father fucked us all over,
things have been fucking fantastic.

1870
01:38:42,283 --> 01:38:45,753
Yeah, lots of job interviews.
No one willing to hire me, of course.

1871
01:38:45,853 --> 01:38:49,027
Working at BLM for seven years,
I guess I'm tainted.

1872
01:38:49,223 --> 01:38:52,636
Well, l know it's been tough on all of us,
but you're a solid trader.

1873
01:38:52,727 --> 01:38:54,400
You'll find ajob in no time.

1874
01:38:54,695 --> 01:38:58,438
Yeah, I get a lot of questions.
Yeah, especially about you, you and Mark.

1875
01:38:58,533 --> 01:38:59,773
"So the sons knew, right?

1876
01:38:59,867 --> 01:39:01,540
"They were in on it. They had to be, right?"

1877
01:39:01,602 --> 01:39:04,242
Reed, when I found out,
it was like my head exploded.

1878
01:39:04,305 --> 01:39:05,283
Ijust...

1879
01:39:05,373 --> 01:39:06,943
- Shh. You hear that?
- What?

1880
01:39:07,041 --> 01:39:10,716
It's the world's tiniest violin
playing the worlds saddest fucking song.

1881
01:39:10,778 --> 01:39:12,155
I understand you're upset...

1882
01:39:12,246 --> 01:39:13,748
Yeah, well, how about making it right?

1883
01:39:14,549 --> 01:39:16,790
'Cause I was looking at a $450,000 bonus.

1884
01:39:16,884 --> 01:39:19,125
A lot of traders were owed bonuses, Reed.

1885
01:39:19,220 --> 01:39:21,632
You weren't the only one. We all got screwed.

1886
01:39:21,722 --> 01:39:23,497
L thought you were all about family.

1887
01:39:23,591 --> 01:39:26,299
Well, what the fuck am l?
Am I not family, Andy?

1888
01:39:26,394 --> 01:39:28,840
Come on, where's the fucking money'?
Whafd you do with ihe money?

1889
01:39:28,930 --> 01:39:32,309
We all know you stole it.
Of oourse you took it. You're a criminal!

1890
01:39:32,400 --> 01:39:33,674
I got fucked over, ioo!

1891
01:39:33,768 --> 01:39:36,408
By my own father!
My own father fucked me over!

1892
01:39:36,471 --> 01:39:39,111
Yeah, is that yourwhore? I see you, whore!

1893
01:39:39,173 --> 01:39:40,675
- Hey! You...
- CATHERINE: Hey!

1894
01:39:40,775 --> 01:39:42,448
Hey!

1895
01:39:42,510 --> 01:39:45,821
Stop it! Andy, get in the car.

1896
01:39:45,913 --> 01:39:48,519
Hey! Jesus, get in the car.

1897
01:39:48,616 --> 01:39:49,993
Jesus.

1898
01:39:52,753 --> 01:39:55,632
- Asshole. Hey!
- REED: Here's your fucking latke,

1899
01:39:55,690 --> 01:39:58,261
-knish or whatever, you fuck.
- CATHERINE: Hey!

1900
01:39:59,327 --> 01:40:02,103
Fuck you! I know you're in on it!

1901
01:40:02,597 --> 01:40:03,598
(CATHERINE GROANS)

1902
01:40:11,372 --> 01:40:14,285
<i>MAN 1: (ON TV) The big question is,
where did all the money go?</i>

1903
01:40:14,809 --> 01:40:18,951
<i>Irving Picard, the court-appointed trustee,
the Iiquidator,</i>

1904
01:40:19,013 --> 01:40:21,550
<i>is seamhing for the billions that disappeared</i>

1905
01:40:21,649 --> 01:40:26,530
<i>and trying to recover as much as possible
fmm Madoffs remaining assets.</i>

1906
01:40:26,621 --> 01:40:30,626
<i>Of all the people that should've known,
his brother and his sons,</i>

1907
01:40:30,691 --> 01:40:34,571
<i>who worked under the same roof with him,
should've known.</i>

1908
01:40:34,662 --> 01:40:37,006
<i>- One would think so, yes.
- Did they know?</i>

1909
01:40:37,198 --> 01:40:39,542
<i>MAN 2: My belief is, yes, they knew.</i>

1910
01:40:39,634 --> 01:40:44,708
<i>Clearly, they would
have to have known what was going on,</i>

1911
01:40:44,805 --> 01:40:47,809
-given their own personal transactions...
- MARK: Oh, we should've known?

1912
01:40:48,242 --> 01:40:51,553
We worked for market-making.
He worked for IA.

1913
01:40:53,014 --> 01:40:55,426
- How would we have known?
- If they turn out to be untouchable,

1914
01:40:55,516 --> 01:40:58,929
<i>criminally, do you intend
to bankrupt them civilly?</i>

1915
01:40:59,420 --> 01:41:01,422
<i>MAN</i> 2: <i>Whether or not
they have a criminal problem,</i>

1916
01:41:01,522 --> 01:41:04,002
<i>we will pursue them
as far as we can pursue them.</i>

1917
01:41:04,992 --> 01:41:09,668
<i>And if that leads to bankrupting them,
then that's what will happen.</i>

1918
01:41:15,503 --> 01:41:18,950
WOMAN: <i>The man
sitting in this courtroom robbed me.</i>

1919
01:41:19,273 --> 01:41:21,913
<i>He discarded me like roadkill.</i>

1920
01:41:22,009 --> 01:41:26,014
<i>What can we possibly say good about Madoff</i>

1921
01:41:26,080 --> 01:41:32,292
<i>when he sank so low
as to steal from Elie Wiesel,</i>

1922
01:41:32,386 --> 01:41:35,959
<i>as if Wiesel hasn't
already suffered enough in his lifetime.</i>

1923
01:41:37,525 --> 01:41:39,937
<i>My wife and I are not millionaires.</i>

1924
01:41:40,027 --> 01:41:45,238
<i>We worked hani for all our lives
and he took our entire life savings.</i>

1925
01:41:46,300 --> 01:41:49,941
<i>Mr. Madoff not only defrauded
thousands of investors,</i>

1926
01:41:50,037 --> 01:41:53,780
<i>he mastered the art
of manipulating our government.</i>

1927
01:41:53,874 --> 01:41:59,552
<i>The money Madoff stole from my family
had been set aside to take care of my brother</i>

1928
01:41:59,614 --> 01:42:02,493
<i>because he's gonna need medical assistance
for the rest of his life.</i>

1929
01:42:02,984 --> 01:42:08,400
<i>If he's attempting to protect his family,
he should not be given the opportunity</i>

1930
01:42:08,456 --> 01:42:10,902
<i>because we, his victims,</i>

1931
01:42:10,958 --> 01:42:15,065
<i>did not have the same opportunity
to protect our families.</i>

1932
01:42:15,329 --> 01:42:18,902
<i>MAN</i> 1: <i>You have left your family
with</i> a <i>legacy of shame.</i>

1933
01:42:19,734 --> 01:42:24,683
<i>MAN 2: You have a <i>marriage made in hell,
and that is where you are going to return.</i>

1934
01:42:25,573 --> 01:42:28,281
<i>MAN 3: I only hope his prison sentence
is long enough</i>

1935
01:42:28,342 --> 01:42:30,583
<i>that his jail cell becomes his coffin.</i>

1936
01:42:30,845 --> 01:42:32,950
<i>MAN</i> 4: <i>May God spare you no mercy.</i>

1937
01:42:34,115 --> 01:42:37,995
<i>BERNIE: I am responsible
for a great deal of suffering and pain.</i>

1938
01:42:38,085 --> 01:42:39,530
<i>I understand that.</i>

1939
01:42:40,421 --> 01:42:42,196
<i>I live in a tormented state,</i>

1940
01:42:42,289 --> 01:42:45,634
<i>now knowing of all the pain and suffering
that I have created.</i>

1941
01:42:46,360 --> 01:42:49,204
That's something I will live with
for the rest of my life.

1942
01:42:50,097 --> 01:42:53,977
People have accused me of being silent
and not being sympathetic.

1943
01:42:54,035 --> 01:42:55,446
That is not true.

1944
01:42:56,837 --> 01:42:59,215
I apologize to my victims.

1945
01:43:01,542 --> 01:43:03,146
I will turn and face you.

1946
01:43:18,159 --> 01:43:19,467
I'm sorry.

1947
01:43:23,531 --> 01:43:24,976
I know that doesn't help.

1948
01:43:27,635 --> 01:43:31,139
Your Honor, thank you for lisiening.

1949
01:43:33,541 --> 01:43:35,179
<i>JUDGE: The message must be sent</i>

1950
01:43:35,242 --> 01:43:38,883
<i>that Mr. Madoffs crimes
were extraordinarily evil.</i>

1951
01:43:39,146 --> 01:43:42,719
<i>This kind of irresponsible
manipulation of the system</i>

1952
01:43:42,817 --> 01:43:45,263
<i>takes a staggering human toll.</i>

1953
01:43:45,720 --> 01:43:48,724
<i>Mr. Madoff will get what he deserves</i>

1954
01:43:48,823 --> 01:43:54,000
<i>and will be punished
according to his moral culpabilities.</i>

1955
01:43:54,495 --> 01:43:56,998
<i>Mr. Madoff, please stand.</i>

1956
01:43:57,732 --> 01:44:02,579
<i>It is the judgment of this court
that the defendant, Bernard L. Madoff,</i>

1957
01:44:02,670 --> 01:44:08,621
<i>shall be and hereby is sentenced
to a term of imprisonment of 150 years.</i>

1958
01:44:08,709 --> 01:44:10,586
(ALL CHEERING)

1959
01:44:17,685 --> 01:44:20,029
- What about our money, Bernie?
- WOMAN: Yes!

1960
01:44:20,087 --> 01:44:21,589
Where's our money?

1961
01:44:21,689 --> 01:44:22,690
(GAVEL BANGS)

1962
01:44:23,524 --> 01:44:27,404
As a technical matter,
the sentence must be expressed in months.

1963
01:44:28,062 --> 01:44:32,533
<i>150 years is equivalent to 1,800 months.</i>

1964
01:44:33,801 --> 01:44:34,939
<i>We are adjourned.</i>

1965
01:44:55,055 --> 01:44:57,467
<i>REPORTER: We're standing outside
of the Federal Correctional Complex</i>

1966
01:44:57,558 --> 01:45:01,438
<i>in Burner, North Carolina,
where Bernie Madoff just arrived minutes ago.</i>

1967
01:45:02,163 --> 01:45:05,508
<i>We saw Mr. Madoff arrive on a bus
with a group of other inmates,</i>

1968
01:45:05,800 --> 01:45:09,179
<i>where he will serve
his 150-year prison sentence.</i>

1969
01:45:09,503 --> 01:45:11,983
<i>Oflicials have said
he will be watched carefully</i>

1970
01:45:12,072 --> 01:45:16,248
<i>to ensure he is not</i> a <i>danger to himself
as he faces the long years ahead.</i>

1971
01:45:40,100 --> 01:45:42,171
<i>NEWSCASTER: (ON TV)
Wsiting hours at the prison are very liberal,</i>

1972
01:45:42,269 --> 01:45:44,681
<i>and people close to the Madoffs
say his wife Ruth</i>

1973
01:45:44,772 --> 01:45:47,844
<i>may well move to North Carolina
to be close to her husband.</i>

1974
01:45:47,942 --> 01:45:51,219
Fuck you, you asshole. I'm in Florida.

1975
01:45:51,312 --> 01:45:52,814
<i>Vely much in love,</i>

1976
01:45:52,880 --> 01:45:54,860
<i>just like Bonnie was to Clyde, Charlie.</i>

1977
01:45:54,949 --> 01:45:57,725
Bonnie robbed banks. Bonnie killed people.

1978
01:45:57,818 --> 01:45:59,991
<i>- And I'm Bonnie?
-...by going to our biog,</i>

1979
01:46:00,054 --> 01:46:02,295
<i>"The World Newser, " at abcnews. com.</i>

1980
01:46:02,456 --> 01:46:03,958
How am I Bonnie?

1981
01:46:04,558 --> 01:46:06,560
Bonnie was a killer. Bonnie killed people.

1982
01:46:06,660 --> 01:46:08,037
And I'm Bonnie?

1983
01:46:13,167 --> 01:46:17,309
<i>BERNIE: For 16 years, I kept this secret
from my wife, my brother,</i>

1984
01:46:17,371 --> 01:46:18,714
my sons.

1985
01:46:18,806 --> 01:46:21,844
How I was able to do that
and maintain any degree of sanity,

1986
01:46:21,909 --> 01:46:23,980
well, that...
That worries me when I think about it.

1987
01:46:24,044 --> 01:46:26,046
Yeah, you already mentioned that.

1988
01:46:27,214 --> 01:46:28,386
(CLEARS THROAT) Yeah, I did.

1989
01:46:28,482 --> 01:46:30,723
But while we're on the subject,

1990
01:46:30,918 --> 01:46:33,057
you say you wanted to protec1 your family.

1991
01:46:33,153 --> 01:46:34,894
BERNIE: Right.

1992
01:46:34,989 --> 01:46:36,730
But' just an example,

1993
01:46:36,824 --> 01:46:42,001
what would have happened
if at some point before the crisis of '08,

1994
01:46:42,062 --> 01:46:44,565
you'd been hit by a bus, you'd dropped dead?

1995
01:46:44,665 --> 01:46:47,236
Mark and Andrew
would've become the owners

1996
01:46:47,334 --> 01:46:50,679
of a firm that was still in the middle

1997
01:46:50,738 --> 01:46:53,275
of perpetrating
the biggest Ponzi scheme in history.

1998
01:46:54,074 --> 01:46:57,021
Except the advisory
was a completely separate business,

1999
01:46:57,077 --> 01:46:59,580
one in which they had no involvement. so...

2000
01:46:59,680 --> 01:47:01,591
Bui with you dead

2001
01:47:01,682 --> 01:47:05,459
and Frank probably willing
to swear to anything to save himself,

2002
01:47:05,552 --> 01:47:10,592
seems to me the odds are
that as owners and lifelong executives,

2003
01:47:10,691 --> 01:47:12,398
they'd have gone to jail.

2004
01:47:12,459 --> 01:47:14,632
Your sons would be sitting there
where you are.

2005
01:47:14,728 --> 01:47:17,231
No, well, I protected them.

2006
01:47:17,298 --> 01:47:21,110
WOMAN: You couldn't have protected them
if you were dead, Bernie.

2007
01:47:21,201 --> 01:47:23,203
So who would've been held responsible?

2008
01:47:23,270 --> 01:47:24,806
I would've been.

2009
01:47:24,905 --> 01:47:26,942
WOMAN: They would've been, Bernie.

2010
01:47:27,041 --> 01:47:29,214
They would've been held responsible,

2011
01:47:30,210 --> 01:47:33,453
which means one of two things is true.

2012
01:47:33,547 --> 01:47:36,153
Either they actually were guilty

2013
01:47:36,250 --> 01:47:38,890
and accepted the risks,

2014
01:47:40,220 --> 01:47:44,896
or you were willing to lel your sons go to jail
for the crime you committed.

2015
01:47:46,226 --> 01:47:47,899
Which is it, Bernie?

2016
01:47:47,962 --> 01:47:50,636
I do like jousting with you.

2017
01:47:50,731 --> 01:47:52,301
I'm not jousting with you, Bernie.

2018
01:47:52,399 --> 01:47:54,640
- Yeah, well...
-l'm notjousting with you.

2019
01:47:54,735 --> 01:47:57,181
It seems to me like...

2020
01:48:03,110 --> 01:48:06,148
Like you're refusing

2021
01:48:06,246 --> 01:48:10,160
to recognize that hazard

2022
01:48:10,250 --> 01:48:12,662
you created for your family.

2023
01:48:12,753 --> 01:48:16,758
Notjust the day you were arrested
but the hazard that they lived under,

2024
01:48:16,824 --> 01:48:21,102
unknowing, for, well, however long

2025
01:48:21,161 --> 01:48:23,163
you were operating this fraud.

2026
01:48:23,263 --> 01:48:26,039
Eventually, they would be exonerated.

2027
01:48:26,133 --> 01:48:27,168
- Period.
- WOMAN: How could you have been

2028
01:48:27,267 --> 01:48:28,337
so certain of that,

2029
01:48:28,435 --> 01:48:29,846
that you were willing to risk ii?

2030
01:48:29,937 --> 01:48:31,610
Because they were never involved, ever,

2031
01:48:31,672 --> 01:48:34,346
and there's no way
ifs ever gonna be proven othenuise.

2032
01:48:36,710 --> 01:48:37,984
So it doesn't matter.

2033
01:48:38,045 --> 01:48:39,683
It's a terrible thing that theyre going through,

2034
01:48:39,780 --> 01:48:44,854
but they never would have been convicted
because they couldn't be convicted.

2035
01:48:44,952 --> 01:48:47,558
Because they didn't do anything.

2036
01:48:47,654 --> 01:48:49,531
Neither did my wife.

2037
01:48:49,623 --> 01:48:51,864
Nothing. Zero.

2038
01:48:53,627 --> 01:48:55,868
- But you know what you've done...
- I know what I've done.

2039
01:48:55,963 --> 01:48:59,536
-...has shattered your family.
- I take full responsibility for that

2040
01:48:59,633 --> 01:49:03,513
and it'll... lt'll kill me for the rest of my life.

2041
01:49:04,071 --> 01:49:05,982
But...

2042
01:49:18,052 --> 01:49:21,499
DIANA: <i>Over the course
of the summer and fall of 2009,</i>

2043
01:49:22,322 --> 01:49:25,735
<i>the government auctioned off
Madoff's property.</i>

2044
01:49:25,826 --> 01:49:28,033
<i>The beach house in Montauk...</i>

2045
01:49:28,095 --> 01:49:30,405
<i>$9 million.</i>

2046
01:49:30,497 --> 01:49:32,499
<i>The penthouse in Manhattan...</i>

2047
01:49:32,766 --> 01:49:33,938
<i>$8 million.</i>

2048
01:49:34,034 --> 01:49:35,775
<i>The Palm Beach house...</i>

2049
01:49:35,869 --> 01:49:39,248
<i>Available for $ 7. 25 million.</i>

2050
01:49:39,339 --> 01:49:42,252
<i>The Mercedes-Benz station wagon,
yachts and power boats,</i>

2051
01:49:42,342 --> 01:49:45,380
<i>Mets jacket,
a hodgepodge of personal items...</i>

2052
01:49:47,514 --> 01:49:50,051
<i>By the fall of 2009,</i>

2053
01:49:50,117 --> 01:49:54,190
<i>Picanl had separately collected
roughly $1.5 billion</i>

2054
01:49:54,254 --> 01:49:56,860
<i>from the firm's brokerage and bank accounts,</i>

2055
01:49:56,924 --> 01:50:00,235
<i>asset sales,
and</i> a <i>few out-of-court settlements.</i>

2056
01:50:00,294 --> 01:50:03,935
We filed suii against Ruth Madoff
for $44 million.

2057
01:50:04,098 --> 01:50:07,944
We have filed a clawback suit
against Mark and Andrew Madoff

2058
01:50:08,035 --> 01:50:12,074
for the return 0f$127.5 million.

2059
01:50:12,206 --> 01:50:13,947
-(CAMERAS CLICKING)
-(INDISTINCT CHATTER)

2060
01:50:19,546 --> 01:50:22,425
You can be in charge of the castle.

2061
01:50:22,749 --> 01:50:25,923
You can be in charge of the dresses.

2062
01:50:25,986 --> 01:50:29,331
- I get the dresses, right?
-lsn't that wig hysterical?

2063
01:50:29,423 --> 01:50:30,458
-(BOTH CHUCKLING)
-(PHONE CHIMES)

2064
01:50:30,557 --> 01:50:31,797
That's great.

2065
01:50:37,264 --> 01:50:39,073
Could you watch her for a minute?

2066
01:50:40,400 --> 01:50:42,903
<i>STEPHANIE: Mark, any time we try
to move on with our life,</i>

2067
01:50:42,970 --> 01:50:45,450
<i>Bernie just finds</i> a <i>way to drag us back down.</i>

2068
01:50:45,506 --> 01:50:47,281
- I'm <i>sick</i> of it.
- MARK: I'm sorry.

2069
01:50:47,341 --> 01:50:49,446
I tell you' you get angry.
I don't tell you, you get angry.

2070
01:50:49,510 --> 01:50:51,012
What am I supposed to do?

2071
01:50:51,111 --> 01:50:53,113
<i>I don't know. It's just...</i>

2072
01:50:54,081 --> 01:50:55,856
<i>What the fuck is wrong with this guy?</i>

2073
01:50:55,949 --> 01:50:57,428
<i>Suing our four-year-old daughter?</i>

2074
01:50:57,484 --> 01:50:59,486
<i>- It's insane.</i>
- I <i>know, I'm sorry.</i>

2075
01:50:59,920 --> 01:51:01,365
I just... I hate that every time

2076
01:51:01,455 --> 01:51:04,595
I stan to feel normal again,
something bad happens.

2077
01:51:05,092 --> 01:51:07,129
<i>MARK: Have you checked
your text messages?</i>

2078
01:51:08,095 --> 01:51:09,506
No.

2079
01:51:14,768 --> 01:51:17,009
0h, my God, he's so cute. (CHUCKLES)

2080
01:51:18,372 --> 01:51:19,646
I love you.

2081
01:51:19,940 --> 01:51:21,180
<i>I love you, too.</i>

2082
01:51:22,376 --> 01:51:23,377
Bye.

2083
01:51:23,477 --> 01:51:24,649
<i>Bye.</i>

2084
01:51:31,718 --> 01:51:32,856
(BLINDS CLICKING)

2085
01:51:46,633 --> 01:51:48,374
MARK: (SIGHS) Hey, Marty,

2086
01:51:48,468 --> 01:51:50,470
<i>I sent you the article. Did you get it?</i>

2087
01:51:50,537 --> 01:51:53,143
<i>Anyway, please give me a call back.</i>

2088
01:51:53,207 --> 01:51:55,244
Hey, man, it's me.

2089
01:51:55,342 --> 01:51:57,322
What, are you away or something?

2090
01:51:57,377 --> 01:51:59,687
'Cause I called you earlier today
and you didn't answer.

2091
01:51:59,746 --> 01:52:02,249
I left a message for Marty
and he's not there either.

2092
01:52:02,349 --> 01:52:03,885
Like, nobody ever seems to be around.

2093
01:52:03,984 --> 01:52:06,260
Everybody's out of town or something.

2094
01:52:08,488 --> 01:52:10,058
<i>I'm leaving you another message.</i>

2095
01:52:10,157 --> 01:52:12,103
<i>I know I keep leaving you messages, Andrew.</i>

2096
01:52:12,192 --> 01:52:15,230
I can'! even reach Stephanie.
I can't reach anybody!

2097
01:52:15,329 --> 01:52:16,933
I'm seriously gonna lose it.

2098
01:52:17,030 --> 01:52:18,031
I really am.

2099
01:52:21,034 --> 01:52:22,945
<i>I'm, like, trapped in here.</i>

2100
01:52:23,036 --> 01:52:24,413
Guess what?

2101
01:52:24,504 --> 01:52:25,505
It's me again.

2102
01:52:26,540 --> 01:52:28,076
<i>I don't know if you're away with...</i>

2103
01:52:28,175 --> 01:52:29,381
<i>Are you away with Catherine?</i>

2104
01:52:29,443 --> 01:52:31,423
I mean, where are you guys, anyway?

2105
01:52:31,511 --> 01:52:32,546
Have you gone fishing?

2106
01:52:33,513 --> 01:52:35,356
It's just, like, ever since
she's been in your life,

2107
01:52:35,415 --> 01:52:37,417
I can't fucking reach you anymore.

2108
01:52:37,517 --> 01:52:38,791
I can't ever talk to you.

2109
01:52:38,919 --> 01:52:41,627
You'rejust, like,
always fucking on some holiday!

2110
01:52:44,691 --> 01:52:47,103
Okay, I just left you, like,

2111
01:52:47,194 --> 01:52:48,639
a 20-minute message and I got cut off.

2112
01:52:49,396 --> 01:52:51,433
Andy, MHFIV,

2113
01:52:51,531 --> 01:52:53,272
I don't even know
who I'm leaving messages for.

2114
01:52:53,367 --> 01:52:55,438
I'm just leaving messages now,
you know what I mean?

2115
01:52:55,535 --> 01:52:56,707
(YELLS)

2116
01:52:58,538 --> 01:53:00,279
We're supposed to just sit around
and, like, you know,

2117
01:53:00,374 --> 01:53:01,819
with our dicks in our hands, doing nothing?

2118
01:53:02,976 --> 01:53:04,478
You know, I've been at this for two years.

2119
01:53:04,578 --> 01:53:06,558
Two years. Two years!

2120
01:53:07,080 --> 01:53:09,720
<i>I can't keep going on this way!
Ihave to make</i> a <i>statement.</i>

2121
01:53:09,783 --> 01:53:12,286
I gotta make a big statemeni!

2122
01:53:17,324 --> 01:53:19,736
<i>I can't go on like this.</i>

2123
01:54:06,306 --> 01:54:07,785
(PHONE DIALING)

2124
01:54:14,181 --> 01:54:15,990
STEPHANIE: We're not here. Leave a message.

2125
01:54:17,150 --> 01:54:19,528
Mark, are you there?

2126
01:54:20,153 --> 01:54:22,326
Mark, pick up.

2127
01:54:32,366 --> 01:54:34,039
AUTOMATED VOICE:
<i>Your</i> call has been fon/varded

2128
01:54:34,134 --> 01:54:35,909
<i>to an automatic voice message system.</i>

2129
01:54:36,236 --> 01:54:38,648
<i>At the tone, please record your message.</i>

2130
01:54:39,906 --> 01:54:41,510
Mark, ljust tried the house.

2131
01:54:41,708 --> 01:54:43,881
Uh, uh, call me.

2132
01:54:44,911 --> 01:54:45,912
(KNOCK ON DOOR)

2133
01:54:46,012 --> 01:54:47,082
RUTH: Come in.

2134
01:54:47,481 --> 01:54:48,721
Mom.

2135
01:54:48,815 --> 01:54:50,260
What's wrong?

2136
01:54:50,350 --> 01:54:51,693
I just got these messages from Mark.

2137
01:54:51,752 --> 01:54:54,164
I tried calling the house,

2138
01:54:54,221 --> 01:54:56,326
but he's... He's not picking up.

2139
01:54:58,358 --> 01:55:01,362
All right, yeah. ljust... ljust pulled up.

2140
01:55:01,428 --> 01:55:02,873
I'm going inside.

2141
01:55:03,029 --> 01:55:05,168
I'll call you back. All right.

2142
01:55:16,243 --> 01:55:17,722
Mark?

2143
01:55:19,179 --> 01:55:20,590
(DOG BARKING)

2144
01:55:34,361 --> 01:55:35,931
(BREATHING HEAVILY)

2145
01:55:52,379 --> 01:55:55,758
-(BREATHING HEAVILY)
-(DOG CONTINUES BARKING)

2146
01:56:11,231 --> 01:56:12,642
Hey!

2147
01:56:12,732 --> 01:56:13,972
Hey, Nicky.

2148
01:56:14,067 --> 01:56:16,104
What are you doing, huh?

2149
01:56:16,503 --> 01:56:18,176
Wanna come with Papa?

2150
01:56:18,405 --> 01:56:20,578
We're gonna go outside. You wanna go out...

2151
01:56:21,675 --> 01:56:22,847
(NICK CHUCKLING)

2152
01:56:25,812 --> 01:56:28,088
Okay. Grouper!

2153
01:56:28,415 --> 01:56:30,326
Gotta get your blanky.

2154
01:56:31,485 --> 01:56:33,260
Grouper, come back.

2155
01:56:33,320 --> 01:56:35,425
Hey, Nicky, with Papa
we're gonna play peek-a-boo.

2156
01:56:35,489 --> 01:56:38,470
Grouper, come! Grouper!

2157
01:56:38,525 --> 01:56:41,631
Grouper! Grouper, come!
Come on, thafs a good boy.

2158
01:56:41,695 --> 01:56:43,766
That's a good boy. Look at...

2159
01:56:43,830 --> 01:56:45,776
Grouper, good.

2160
01:56:45,832 --> 01:56:47,277
We'rejust gonna go outside.

2161
01:56:47,367 --> 01:56:48,437
ANDREW: Hello?

2162
01:56:49,269 --> 01:56:50,680
<i>It's Marty.</i>

2163
01:56:51,638 --> 01:56:52,946
<i>Mark's dead.</i>

2164
01:56:53,373 --> 01:56:54,681
WOMAN: Stephanie!

2165
01:56:55,208 --> 01:56:57,484
MARTY: He... He <i>hung</i> himselt
WOMAN: He's dead.

2166
01:56:57,777 --> 01:56:59,381
<i>AN</i> DREW: <i>Has anybody called my mother?</i>

2167
01:57:00,447 --> 01:57:01,949
<i>I have to call my mother.</i>

2168
01:57:04,117 --> 01:57:05,357
(PHONE RINGING)

2169
01:57:12,325 --> 01:57:13,633
RUTH: Andy?

2170
01:57:14,561 --> 01:57:18,304
0h, it's so good
to hear your voice, sweetheart.

2171
01:57:21,501 --> 01:57:23,481
(SCREAMS) No!

2172
01:57:24,237 --> 01:57:25,580
(RUTH SOBBING)

2173
01:57:26,239 --> 01:57:27,582
(GLASS SHATTERS)

2174
01:57:29,809 --> 01:57:30,981
(CONTINUES SOBBING)

2175
01:57:46,259 --> 01:57:50,833
<i>MARTY: I wrote Bernie a letter
a <i>week after Mark killed himselt</i>

2176
01:57:51,565 --> 01:57:55,377
<i>And I never sent it to him,
because they monitor his mail</i>

2177
01:57:55,435 --> 01:57:59,076
<i>and I thought they would never,
ever give him a letter like this.</i>

2178
01:57:59,172 --> 01:58:01,209
<i>Well, here, you can say it on TV.
He's probably watching.</i>

2179
01:58:01,374 --> 01:58:03,877
<i>Well, what I wrote to him</i> was,

2180
01:58:03,944 --> 01:58:06,618
<i>“Bemie, while I will not</i>

2181
01:58:06,713 --> 01:58:09,057
<i>"send you pictures of your grandchildren,</i>

2182
01:58:09,349 --> 01:58:12,694
<i>"there is one picture I do want you to see.</i>

2183
01:58:13,019 --> 01:58:16,023
<i>"That last picture of your son, Mark.</i>

2184
01:58:16,423 --> 01:58:18,903
<i>“You owe it to his widow,</i>

2185
01:58:18,959 --> 01:58:22,236
<i>"his children, his brother, his mother.</i>

2186
01:58:22,295 --> 01:58:26,437
<i>"So, here is what I wish for you, Bernie.</i>

2187
01:58:26,533 --> 01:58:28,877
<i>"Every time you sit down to eat,</i>

2188
01:58:28,935 --> 01:58:32,314
<i>"as you pick up your plastic fork,</i>

2189
01:58:32,405 --> 01:58:35,579
<i>"I want you to see your son's corpse</i>

2190
01:58:35,642 --> 01:58:38,987
<i>"hanging from the rafter
directly over your table,</i>

2191
01:58:39,079 --> 01:58:41,389
<i>“right in front of you, Bernie.</i>

2192
01:58:42,382 --> 01:58:45,989
<i>"So at every meal, you see your son, Mark.</i>

2193
01:58:46,553 --> 01:58:48,931
<i>"His white sweat socks are swaying</i>

2194
01:58:48,989 --> 01:58:51,663
<i>"ever so gently at your eye level,</i>

2195
01:58:51,758 --> 01:58:54,068
<i>“immediately above your food dish.</i>

2196
01:58:54,894 --> 01:58:56,999
<i>"And as you look up, Bernie,</i>

2197
01:58:57,097 --> 01:58:59,475
<i>"you</i> see...

2198
01:59:00,500 --> 01:59:03,481
<i>"You see your firstborn son hanging there,</i>

2199
01:59:03,570 --> 01:59:06,779
<i>“his head at a left-leaning angle,</i>

2200
01:59:06,840 --> 01:59:08,842
"looking down at <i>you,</i>

2201
01:59:08,942 --> 01:59:11,786
<i>“asking how could you do that to your son,</i>

2202
01:59:11,845 --> 01:59:14,519
<i>“who up until two years before his death</i>

2203
01:59:14,614 --> 01:59:17,686
<i>“had given you the greatest gift...</i>

2204
01:59:17,784 --> 01:59:21,322
<i>“His unconditional love for his father."</i>

2205
01:59:21,421 --> 01:59:23,662
<i>WOMAN: Well, I hope he heaml that.</i>

2206
01:59:23,757 --> 01:59:26,795
<i>- I hope he heard that.
- MARTY: Well, he gets free television,</i>

2207
01:59:26,860 --> 01:59:28,498
<i>so why shouldn't he hear it?</i>

2208
01:59:28,595 --> 01:59:30,836
<i>Why isn't he in a hole where he belongs?</i>

2209
01:59:30,930 --> 01:59:32,807
<i>WOMAN: He says that he is happier in prison</i>

2210
01:59:32,866 --> 01:59:34,539
<i>-than he was before.
- MARTY: Free meals!</i>

2211
01:59:34,634 --> 01:59:36,443
<i>WOMAN: He feels safe in prison.
MARTY: His victims</i>

2212
01:59:36,503 --> 01:59:38,346
<i>are eating their dinner out of cat food cans.</i>

2213
01:59:38,438 --> 01:59:41,009
<i>WOMAN: Then he says, "The average person
thinks I rubbed widows and orphans.</i>

2214
01:59:41,107 --> 01:59:43,849
<i>“l made wealthy people wealthier."
That is not true.</i>

2215
01:59:43,943 --> 01:59:45,684
MARTY: Mark... He wrote a note.

2216
01:59:46,112 --> 01:59:47,455
<i>The note said,</i>

2217
01:59:47,681 --> 01:59:49,991
<i>"Bernie, this is what happens</i>

2218
01:59:50,050 --> 01:59:52,189
<i>“when you destroy your sons</i>

2219
01:59:52,285 --> 01:59:54,026
<i>“by your life of deceit.</i>

2220
01:59:54,554 --> 01:59:56,500
<i>“Fuck you, Bernie."</i>

2221
01:59:56,556 --> 01:59:59,127
<i>- That was Mark's suicide note.</i>
- WOMAN: <i>Right.</i>

2222
02:00:04,798 --> 02:00:07,472
<i>RUTH: I can't keep coming here.</i>

2223
02:00:10,403 --> 02:00:12,679
I want a relationship with Andy,

2224
02:00:12,739 --> 02:00:15,549
and he won't see me ifl keep coming here.

2225
02:00:15,642 --> 02:00:17,553
I can! have it both ways.

2226
02:00:17,644 --> 02:00:19,487
BERNIE: No, I understand.

2227
02:00:23,550 --> 02:00:26,087
And I can't talk to you anymore.

2228
02:00:26,653 --> 02:00:28,997
You can't write to me or call me.

2229
02:00:29,689 --> 02:00:31,191
Ifll be too hard.

2230
02:00:31,658 --> 02:00:34,264
Ruth, all I want is whafs best
for you and for the boys.

2231
02:00:34,494 --> 02:00:35,837
Boy, Bernie.

2232
02:00:38,198 --> 02:00:39,404
<i>BOY-</i>

2233
02:00:45,171 --> 02:00:47,515
You were my lifeguard.

2234
02:00:49,008 --> 02:00:51,852
I thoughi you were gonna protect me forever.

2235
02:00:53,947 --> 02:00:56,052
Bestjob I ever had.

2236
02:00:56,516 --> 02:00:58,757
I never had to save anybody.

2237
02:00:59,953 --> 02:01:04,197
I don't know if it will ever
be any different than it feels now.

2238
02:01:05,191 --> 02:01:07,535
I don't think afler losing a child

2239
02:01:08,762 --> 02:01:12,073
things ever get better.

2240
02:01:13,933 --> 02:01:16,709
I don't see much of a future for me.

2241
02:01:19,105 --> 02:01:22,109
And I don't really care if I have one.

2242
02:01:23,877 --> 02:01:25,652
The future's hard.

2243
02:01:27,781 --> 02:01:30,990
Yeah, I was sorry to see that People Magazine

2244
02:01:31,084 --> 02:01:34,759
used that photo of you and Mark
when he was a boy.

2245
02:01:36,890 --> 02:01:39,928
I can never forgive you, Bernie.

2246
02:01:41,261 --> 02:01:43,332
And yet I'm not angry at you.

2247
02:01:43,630 --> 02:01:44,802
I don'i know why.

2248
02:01:46,833 --> 02:01:51,509
It's a combination of feeling numb
and it seeming fruitless.

2249
02:01:54,073 --> 02:01:56,644
I don't remember
how much I got paid <i>as</i> a lifeguard,

2250
02:01:56,743 --> 02:01:59,519
but it was never about the money.

2251
02:02:05,585 --> 02:02:07,155
DIANA: In 2013,

2252
02:02:07,253 --> 02:02:12,032
<i>I invited Andrew to speak at a writing seminar
I conducted at Princeton</i>

2253
02:02:12,125 --> 02:02:15,595
<i>under the general theme
of writing about con artists.</i>

2254
02:02:17,096 --> 02:02:22,205
<i>Andy had just started chemotherapy
for the recurrence of lymphoma.</i>

2255
02:02:22,302 --> 02:02:25,613
<i>The topic I asked him
to think about for the class</i>

2256
02:02:25,672 --> 02:02:28,846
<i>was how the media
had covered his fathefs case</i>

2257
02:02:28,942 --> 02:02:31,115
<i>and how that affected his life.</i>

2258
02:02:32,645 --> 02:02:33,988
<i>STUDENT: I've always wondered,</i>

2259
02:02:34,047 --> 02:02:36,152
why didn't you go on TV and state your case?

2260
02:02:36,216 --> 02:02:37,786
Why didn't you defend yourself?

2261
02:02:37,851 --> 02:02:39,853
<i>Well, one of the reasons</i>

2262
02:02:39,953 --> 02:02:42,797
<i>I've always felt uncomfortable</i>

2263
02:02:42,856 --> 02:02:46,702
<i>about the prospect
of going on TV and telling my story</i>

2264
02:02:46,793 --> 02:02:49,330
<i>is that I don't know
if I'm that sympathetic a character.</i>

2265
02:02:49,796 --> 02:02:51,969
<i>And at the end of the day,</i>

2266
02:02:52,031 --> 02:02:55,672
<i>l lived a life of great wealth and privilege.</i>

2267
02:02:55,969 --> 02:02:58,506
<i>Um, Itraveled the world.</i>

2268
02:02:58,571 --> 02:03:00,551
<i>Uh, I wanted for nothing.</i>

2269
02:03:00,640 --> 02:03:04,645
<i>All of that was subsidized
by my father's victims.</i>

2270
02:03:05,478 --> 02:03:09,654
<i>It's hard to tell our story,</i>

2271
02:03:10,817 --> 02:03:13,388
<i>Mark's, my mother's, myself, uh,</i>

2272
02:03:14,554 --> 02:03:17,057
<i>when there are so many other stories.</i>

2273
02:03:17,657 --> 02:03:19,568
<i>You know, my brother killed himselt</i>

2274
02:03:19,659 --> 02:03:22,731
<i>My mother lost the only man she ever loved,</i>

2275
02:03:22,829 --> 02:03:24,706
<i>turned out to be a complete fraud.</i>

2276
02:03:25,265 --> 02:03:29,213
<i>But, you know, there were just three of us.</i>

2277
02:03:29,269 --> 02:03:32,842
<i>There are thousands of victims.</i>

2278
02:03:33,239 --> 02:03:35,048
<i>And,</i> uh...

2279
02:03:38,344 --> 02:03:40,255
<i>Any other questions?</i>

2280
02:03:40,346 --> 02:03:41,757
Yes.

2281
02:03:41,848 --> 02:03:45,762
The father-son relationship
is such an important factor in anyone's life.

2282
02:03:45,852 --> 02:03:48,025
There must be some part
of that relationship with your father

2283
02:03:48,087 --> 02:03:49,191
that still exists.

2284
02:03:49,856 --> 02:03:51,767
Even after all this,

2285
02:03:51,858 --> 02:03:53,701
can you see some point
where you could visit him

2286
02:03:53,760 --> 02:03:55,865
or talk to him again?

2287
02:03:58,298 --> 02:04:00,642
<i>My father is dead to me.</i>

2288
02:04:04,704 --> 02:04:07,708
<i>WOMAN: On September 3rd, 2014,</i>

2289
02:04:08,708 --> 02:04:13,384
<i>Andrew Madoff died
from mantle cell lymphoma.</i>

2290
02:04:24,991 --> 02:04:26,299
(PHONE RINGING)

2291
02:04:33,733 --> 02:04:35,406
<i>Hi, this is Ruth.</i>

2292
02:04:36,002 --> 02:04:38,243
<i>Leave a message after the tone.</i>

2293
02:04:38,304 --> 02:04:39,476
(BEEPS)

2294
02:04:40,340 --> 02:04:42,286
Hi, Ruth, ljust wanted to...

2295
02:04:42,342 --> 02:04:45,789
I know I said lwouldn't call, but I just...

2296
02:04:46,946 --> 02:04:48,448
<i>OKHY-</i>

2297
02:05:01,761 --> 02:05:02,967
(PHONE DIALING)

2298
02:05:08,368 --> 02:05:09,676
(PHONE RINGING)

2299
02:05:18,144 --> 02:05:19,350
(SIGHS)

2300
02:05:20,179 --> 02:05:21,487
(PHONE DIALING)

2301
02:05:26,452 --> 02:05:27,658
(PHONE RINGING)

2302
02:05:29,055 --> 02:05:31,194
<i>Hi, this is Ruth.</i>

2303
02:05:31,290 --> 02:05:33,361
<i>Leave a message after the tone.</i>

2304
02:05:33,459 --> 02:05:34,631
(BEEPS)

2305
02:05:51,744 --> 02:05:53,018
(PHONE DIALING)

2306
02:05:53,713 --> 02:05:55,056
AUTOMATED VOICE: We're sorry.

2307
02:05:55,148 --> 02:05:58,391
<i>You have reached a number
that is no longer in service.</i>

2308
02:05:58,484 --> 02:06:01,727
<i>If you feel that you have
reached this recording in error,</i>

2309
02:06:01,821 --> 02:06:03,494
<i>please check the number and...</i>

2310
02:06:21,174 --> 02:06:23,211
<i>BERNIE: Hey, Iwas online today</i>

2311
02:06:23,276 --> 02:06:25,256
<i>and I'm reading
some of the old coverage of me</i>

2312
02:06:25,344 --> 02:06:27,187
<i>and I came across this article.</i>

2313
02:06:28,181 --> 02:06:30,388
Frankly, it wasjust ridiculous.

2314
02:06:30,450 --> 02:06:32,452
WOMAN: What was the article?

2315
02:06:32,552 --> 02:06:34,259
The New York Times interviewed this guy,

2316
02:06:34,353 --> 02:06:37,459
a forensic psychologist
who worked on the Ted Bundy case.

2317
02:06:37,557 --> 02:06:40,561
And this guy, Joe Blow,
whom I've never met, never talked to,

2318
02:06:40,626 --> 02:06:43,402
don't know from Adam,
never seen in my whole entire life,

2319
02:06:43,463 --> 02:06:47,434
was going on and on about the similarities
between Ted Bundy and myself.

2320
02:06:48,234 --> 02:06:52,046
I can see how that comparison
would be troubling, but...

2321
02:06:52,105 --> 02:06:53,413
Well, there is no comparison.

2322
02:06:53,473 --> 02:06:55,111
I mean, how can you compare me to someone

2323
02:06:55,208 --> 02:06:57,882
who decapitated women
and kept their heads <i>as</i> mementos?

2324
02:06:57,944 --> 02:07:01,084
I mean, that's the behavior
of a truly, truly evil human being.

2325
02:07:01,147 --> 02:07:05,391
I mean, what comparison
is there, ever, possibly in that?

2326
02:07:06,719 --> 02:07:09,962
And yet the New York Times,
the "Newspaper of Record,"

2327
02:07:10,056 --> 02:07:12,002
"All the News That's Fit to Print,"

2328
02:07:12,091 --> 02:07:14,970
never had anyone say,
"This is a preposterous piece of writing,

2329
02:07:15,061 --> 02:07:16,472
"especially for the business section."

2330
02:07:16,562 --> 02:07:19,805
Well, why do you think
they made that comparison?

2331
02:07:19,899 --> 02:07:22,937
- You know, when I turned myself in...
- Your sons turned you in.

2332
02:07:23,002 --> 02:07:24,481
No, no, but I turned myself in.

2333
02:07:24,570 --> 02:07:26,607
It was a matter of a few days,
so I was gonna do it.

2334
02:07:26,906 --> 02:07:28,908
So anyway, when I turned myself in...

2335
02:07:31,177 --> 02:07:33,282
It was the height of the whole
anti-Wall Street hysteria

2336
02:07:33,346 --> 02:07:36,293
and they needed a villain, they needed a face
for the whole mess they created.

2337
02:07:36,349 --> 02:07:39,353
That face became me, so thafs...

2338
02:07:39,452 --> 02:07:41,295
I don't know, I just...

2339
02:07:41,354 --> 02:07:43,800
I don't even wanna think about it.

2340
02:07:43,856 --> 02:07:45,802
WOMAN: Think about what?

2341
02:07:45,858 --> 02:07:47,599
Well, he killed people, innocent people.

2342
02:07:47,660 --> 02:07:50,368
And in my case, Itold people, everyone,

2343
02:07:50,463 --> 02:07:52,170
"Don't put more than half
your money with me.

2344
02:07:52,265 --> 02:07:53,642
"You never know. Who the hell knows?

2345
02:07:53,933 --> 02:07:55,674
"L mean, one day, I could just go crazy."

2346
02:07:55,768 --> 02:07:57,941
But the reality is, people are greedy.

2347
02:07:59,005 --> 02:08:02,282
WOMAN: The reality is that
not even your warning was true,

2348
02:08:02,341 --> 02:08:04,947
and you took their money anyway.

2349
02:08:13,052 --> 02:08:15,293
Let me ask you a question.

2350
02:08:16,989 --> 02:08:19,299
Do you think I'm a sociopath?