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This is fresh air.
I'm Terry Grosse.
You have a global tell link, collect call from Bernard Madoff, an inmate at a federal prison.
This call is being recorded and is subject to monitoring.
To hear the cost of this call, press eight now.
To accept this call, press five now.
In case you didn't catch the name, that was Bernie Madoff, the biggest financial swindler in american history.
This was one of about 50 phone calls Madoff made to my guesthouse, financial investigative journalist Richard Behar.
While Madoff was in prison, he was serving a 150 year sentence for eleven felony charges, including securities and investment fraud, filing false statements to the securities and Exchange Commission, and perjury.
Madoff also sent Behar hundreds of emails and dozens of handwritten letters.
Well, here recorded excerpts of some of the interviews Behar conducted with Madoff.
You cant trust a fraudster and pathological liar to tell you the truth.
And Behar didnt.
His new book, Madoff the Final Word, is largely based on the interviews he conducted with Wall street insiders, prosecutors, FBI agents and people who lost most or all of their money investing through Madoffs company, Bernard L.
Madoff Investment securities, or BLMIs.
The company had a legit side with the other side was a Ponzi scheme involving fake stock certificates that convinced buyers the stocks were actually purchased and profitable $68 billion of assets.
Investors thought they had disappeared overnight.