Is another Bernie Madoff possible? The king of the Ponzi scheme and how the US prosecutes fraud
Bernie Madoff died in prison this week at the age of 82. We wanted to look back on the Madoff scandal in the wake of his death, and talk about if something like this could happen again.
The Week in Philly from KYW Newsradio
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Show Notes
Bernie Madoff died in prison this week at the age of 82. He was the mastermind of a ridiculously large ponzi scheme that defrauded thousands of people to the tune of billions of dollars. It was a fraud uncovered in the midst of the financial crisis back in 2008. We wanted to look back on the Madoff scandal in the wake of his death, and talk about if something like this could happen again. Rafael Porrata-Doria, Professor of Law at Temple University's Beasley School of Law joins KYW Newsradio In Depth to talk about where Madoff stand in the lineup of American financial criminals and how his legacy of fraud influenced securities regulation and how the US treats and prosecutes financial crimes today.
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