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Steve Fishman's six-part audio series, Ponzi Supernova, profiles the fraudster Bernie Madoff. Madoff is currently serving a federal prison sentence. He is:
- the former non-executive chairman of the NASDAQ stock market,
- the confessed operator of the largest Ponzi scheme in world history, and
- the founder of the largest financial fraud in U.S. history.
Prosecutors estimated the fraud to be worth $64.8 billion. They based this on the amounts in the accounts of Madoff's 4,800 clients as of November 30, 2008.
The series shows Madoff's refusal to take responsibility, his lack of regrets and the delusions he seems to still have. This is even after the death of business associates and his own family. It contains three hours of interviews with him. But, it is comforting to note that about half of Madoff's investors still ended up in the black.
The series also includes supporting material from an ex-FBI investigator, colleagues and people affected by Madoff.
All in all, an interesting listen but short on detail.