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    Back to Which Way, L.A.?

    Which Way, L.A.?

    Bernard Madoff: Behind Bars

    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.

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    By Warren Olney • May 12, 2014 • 1 min read

    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?

    The full episode

    1 of 3
    Lost Jobs, Foreclosures and Homelessness for SoCal Families
    1. 1:19Bernard Madoff: Behind BarsYou’re reading this
    2. 27:51King Hospital Rises from the Dead
    3. 33:13Lost Jobs, Foreclosures and Homelessness for SoCal Families
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      Warren Olney

      former KCRW broadcaster

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      Christian Bordal

      Managing Producer, Greater LA

    • Sonya Geis with wavy brown hair wearing a black dress with red accents and decorative earrings against a white background.

      Sonya Geis

      Senior Managing Editor

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      Diana Henriques

      Senior Financial Writer, New York Times

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      Lucinda Franks

      Contributor, DailyBeast.com

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      Jim Hedges

      President, LJH Global Investments

      News

    The full episode

    1 of 3
    Lost Jobs, Foreclosures and Homelessness for SoCal Families
    1. 1:19Bernard Madoff: Behind BarsYou’re reading this
    2. 27:51King Hospital Rises from the Dead
    3. 33:13Lost Jobs, Foreclosures and Homelessness for SoCal Families
    Back to Which Way, L.A.?