Bernard Madoff: Behind Bars

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After pleading guilty to 11 felony counts in federal court today, Bernard Madoff did not go home to his Upper East Side apartment, but to jail, until he is sentenced on June 16. In the courtroom, he explained how his scheme worked and what he did with the money. Madoff cheated 4800 people out of billions of dollars. Is it possible he did it alone? How could the SEC have investigated and found nothing wrong? Is it enough to blame him? What's being done to make sure this doesn't happen again?

Credits

Guests:
Diana Henriques - Senior Financial Writer, New York Times, Lucinda Franks - Contributor, DailyBeast.com, Jim Hedges - President, LJH Global Investments, Peter Henning - Professor of Law, Wayne State University

Host:
Warren Olney

Producers:
Christian Bordal, Sonya Geis