2009: Liquidating Bernie Madoff's remaining assets 

@@Kim-Berly200 Many of them were dead by the time the money was returned to their estates.

RIP Bernie.

Wow

@Pick A Flick Vintage Movies not really...she lives alone...both sons are dead...no am't of money can make that feel like 'luxury'.

@Pick A Flick Vintage Movies Leave her alone

They *pretended* (wink, wink, nod) to investigate. They couldn't be bothered to prosecute.

I think many people in Wall Street at the time knew that Bernie Madoff was a fraud, even Trump mentioned that on an interview back then. They just didn’t want to reveal it sooner because the Madoff was too big to fall. And the SEC may feel the same. Or because one SEC staff was Bernie Madoff nephew-in-law.🤔

Nope

RS: The SEC doesn't have any money. There was no reason to sue them. BTW, as of 2019, about 70% of investors money had been recovered and returned to them. Everyone who invested $1.3M or less has been fully repaid.

You give the incompetent SEC too much credit.

Whooptie-do...

As well as with Elizabeth Holmes a fraud.

Wasn’t Elizabeth Holmes father an Enron executive? Chip off the old block

Even the smallest. There is no way such returns are possible. If someone says they didn't know,they are lying.

the power of money

The returns defied all logic and common sense for all investors.

All dirty money grabbing crooks ....well done Bernie.. 😀👍

TELL IT

@Preston Hanson Richard Nixon come from poor family.

no shyt they were greedy some dumped their whole savings, very gullible to think you can make 1% every month regardless of how bad the market is

@Preston Hanson That is why some countries prefer the absolute monarchy system or one party system. it can reduce the corruption in political system. 🤔🤔🤔

🤣👍

Hahaha

This is embarrassing!

My phone apparently uses the right audio channel for the downward firing speaker, and I only get about 5% of the audio out of the left speaker

Lmfao

The federal government allowed her to keep $2.5 million during asset seizure as part of an agreement, but this money wasn't protected from other civil lawsuits.

That woman currently live in a 5 million front beach home. And for sure many millions are hidden in multiple places. She'll never say where.

@@tbone8636 It had a boating accident

These attorneys don't mention that they took 1 billion of the 7 recovered as their commission for their services. Look it up, not joking.

@@tbone8636 they also made some legit cash too. you want them to be destitute all the way?

Top notch! TOP NOTCH!!!! LOL

Sucks!

Absolutely shameful.

@@greogryhouse8341 oh jeez come on it happens... “shameful”

@@NightDocs It might be a tad bit too harsh. I expect high quality from an institution such as 60 minutes.

Actually his fund was slow and steady not obscene returns. Market could be down 30 percent he was up 8. Market could be up 30 percent he would be up 9 percent. I should start my own fund just do a mix of bonds and stocks that have a concrete history.

Yup!!!!!!!!!

And MOST OF arrogant millionaires who look down at regular people are thieves that made millions stealing!

@@rosaarodriguez9968 really how many do you know personally?

EVRAZ Russia 🇷🇺 and Facts EVRAZ Pueblo Colorado USA 🇺🇸 DaN would Rather Not rePortz either on EVRAZ Portland Oregon USA 🇺🇸 or even EVRAZ Russia 🇷🇺 plc London United Kingdom 🇬🇧

Me too

Me Three

Privilege

Seconded. One of a kind.

Why? Was he a Madoff victim?

@@pendejo6466 he was a GREAT reporter. Wish he could report on this mess.

That threw me off for a bit too

Because he took a loss. On purpose. Say the house was valued at 1.5 million and sells it to his buddy for 400k. He writes it off on his taxes as a loss.

All fiat!

It definitely will not end well.

Putin is Madoff

every market is the same thing..a ponzi controlled by the institutions..

Exactly!

I see this a lot in my business and then they wonder why they can't get a loan.

The owners of my job do the same thing, I did not think it was unusual for the sons and the wife to purchase things thru the amex, my company they use the amex to park thier cars, it is just a business card, not un-common at all. I also don't believe the sons or the wife knew.

Realistically if you leave a business card everywhere you go, you can put everything as a business expense. Vehicle miles when you drive to the barber shop and get your haircut, when you leave your card on the wall, things of that nature. Obviously some people take it to the extreme but there's a lot you can do. Own your home through your business and pay your business rent. And let's not forget about section 179. The media is gonna frame things like that as an "unusual activity" they tried saying the same thing with Trump, not mentioning he hardly pays personal taxes because most his properties and "income" is all just to the business. If you've ever owned a business or worked for a small business you'd understand. Business owners don't lead normal lives and you're smart if you own as little as possible. If you personally get sued, you have nothing that can be taken if you don't own anything. Now if your business gets sued, good luck.

I don’t suppose he ran Ponzi though?

@@jeanlind7540 No, but the banks do.

I thought Mike Wallace was the longest.

Uh...huntley-brinkley?

Morley Safer was a legend of broadcast journalism who set the gold standard to whom all those who follow shall be compared.

​@@georgfriedrichhandel4390i hate is voice

Yep.

.......and a whole host of others.

Or benefit...

And now they are ALL dead....

They didnt know, Bernie made them run the legit side of the business, while Bernie took everything illegitimately. As far as they knew they were helping run a legit business

😂 yep

The audio changes when I move my phone from vertical to horizontal and thereby the video with it :D

@Judah Lennox what a healthy relationship with your totally real girlfriend. Usually if i need something of my girlfriends, I just ask to see it, not hack her device and ruin the trust in our relationship but that doesn't matter to you because you're a bot, and you don't have a girlfriend or relationship.

It's like that with many 60 minutes' videos

The sons knew absolutely nothing about his business until afterward. By all accounts.

@@cece9145 $80M siphoned out in 7 years by Brother and sons? Wife spent millions on a open company credit card . How could they have not known?

@@msims1910 He's here to discredit the truth.

I would bet that they didn't pay much income tax in the 1st place. Loopholes and such.

They were all bribed including the SEC...why didnt the MAFIA wack him is my question....

@Evan GK Is Madoff one of the space lizards?

He was very protected.

Because for regular business the money is in the bank. To find out what is going on the accountant you would only have to look at the bank statements. But in case of investment firm, the money is NOT in a bank it is "invested in" stocks, bonds, mutual funds...

They knew what was up.

$100 a day!

@@ag-bk5wf 100 every time he needed his car at the condo on park ave most I saw him was four times in one day

Give it back

@@TerrySleuth yea right I’m in the legal weed game thanks to those tips. I learned so much to keep up with conversation with Mr madoff from baseball to hockey to stocks I saw it on his eyes he was intrigued by how much I knew but I knew who he was he didn’t know I knew I finessed him out them hundreds every encounter we had just by asking him about his hobbies he never told me about 😂

OLD BERNIE IS NOW KICKING UP THE DAISES ..A GREAT MAN FOR NON JEWS ..🤣🤣🤣🤣🤣

I think it actually was cancer. Before the scandal came out he was in remission from cancer and after his father's arrest and brother's suicide his cancer came back. That was around 2011 and he mentioned that he believes that the reason for his cancer coming back again was in part due to high stress. He ended up dying in 2014. I don't think it was any sort of hit job. He had had cancer since 2003 which is all documented.

any proof?

@@douglasdwight1 of course not, this is an internet comment section.

🤣 rich people problems

That 18 bucks! Lol

Who cares

@@2nickles647 Apparently at least 10 people do.

They recovered 75% of the INITIAL money. That means if you invested $100,000, you got back $75,000. Those people who invested $100,000 probably thought they were going to get $750,000 though.

It sucks what happened but most people who get defrauded don’t get anything like that back. Thank goodness they did get that

@@jbrumundsmith Those were not reasonable expectations. If I invest 100.000, because someone promissed me I would get a million, just like that, and it ends up not being a legit business, the court of law is not obligated to give me a million. They should restitute at least up to 100.000$.

Right Number One

Meow

The amount of damage he did to so many people is truly astonishing, but everyone deserves to die in peace; I feel bad for his family who didn’t get to say goodbye as they would have wanted.

@@nobody.123 uhm, no. just no. he had blood on his hands. he ruined lives and families forever.

@@nobody.123 All that was left was his wife and she hadn't spoken to him in years apparently.

@@jblue705 yeah, both his sons are dead but he has a lot of grandchildren, that’s what I meant. But yeah, I’m not sure if his wife wanted to say goodbye or not.

most of the family is dead. it is only the wife that is left at this point

@@msf8297one of his sons is alive just 1 son died

Turn your phone upside-down. It’s recorded in mono. Hope that helps.

@@Richie8a8y Mono?

Use earbuds, I could hear the whole episode.

😂😂😂😂

they new owners did a nice job renovating it but it’s still basic looking

One son committed suicide, how'd the other pass?

@@happydays8171 His cancer came back. He attributed the return of his cancer to stress from his father's crimes. Very sad.

@@cgueyser Thanks, didn't know that.

this family tree has been snipped off and society is in the better for it. Gross crimes facilitated by this family and its patriarch , the destructive effects on unsuspecting investors add up to a monsterous calculated attack on a class of investors and their life styles and their future life possiblities. The Maddoffs, all of them dead or alive show the worst kinds of entitlements, now unfunded, and perhaps it is time for them to all find new names and identities, and move and start over. Never to be interviewed or heard from ever, ever, ever again.

They're not with the Lord

they were likely working on the story, and he just happened to die.

@@hayabusa09 It was done in 2009 Einstein.

They do this whenever someone major from their stories dies

@@inthedarkwoods2022 touche, i stopped watching once I realized the audio was mono, in my defense

@@hayabusa09 🥉

Do you think this journalist edited it?? 😂

Try our thieving Congress ,biden??? WEF wants us to bust.

Thieves are always unimpressed with their own accomplishments

They are just as guilty as Madoff....

@@arisdelis1 someone needs to do the dirty work to get people their money back. What, you think they're going to do it for free?

like a Cartel Drug Dealer....with all that $$$, still canNOT spend it FAST enough......lol

Yep I agree with 100%.

Do you work for free?

@@spattersp Nope but funny when there is tragedy LAWYERS are the first in line

They’re doing their job. You against getting paid?

@@richbaisch3861 They’re hired to fix people’s sh**.

(A 40-year, $36 billion, ponzi scheme? Neither common nor ordinary.)

Hardly a common thief

The little guy is the real victim here. For everyone else, "should have known" is an understatement.

Not having knowledge of the law does not prohibit prosecution by law. Due diligence was not done by the big investors.

Yes Madof was a smart psychologist who knew how to take all the rich people in USA and Europe for a clean shave. We should appreciate his achievements, I have no sympathy for all the greedy bums who lost their money, it is their own fault. They were not forced to invest in his scheme nor forced to believe him.

I think she had no clue. I doubt she ever asked about his work, because even if he explained what he did for work, she wouldn't have understood. All she knew was money kept coming in, and she wasn't gonna question it. Maybe she had some suspicion that not all of their money is legit, but I don't think anyone ever sat her down and told her

@@leonv7716 I honestly think she is really good at playing dumb, and knows much more that she lets on.

@@rjclar1I think you’re right. She would have noticed all the extra money

What are the odds? The guy "made off" with everyone's money!

Your modest is not the samr

Saved 100.00 by not dyeing my hair. Who cares if you have dyed hair anyway??

If one was to read only one book on Mr. Krueger, which one would you recommend?

Jay-Z’s line.

Or at least train them...

No. Harry Markopoulus has integrity and very transparent. That's a big turn off on SEC's eyes. 😆

Where is the other 300 million.........or is that the trustee bill ?

@@njclsx4252 as of 2018 it was a billion in legal bills. It's not just him. Most likely other lawyers, how many I don't know, but you got to pay those lawyers.