STAFF & GUEST BLOG

Madoff on Madoff

April 10th, 2011, byStaff

Image via US Dept. of Justice
Image via US Dept. of Justice

Since being sentenced in 2009 to 150 years in prison, we haven’t heard all that much from Bernard Madoff, the man behind the biggest Ponzi scheme in history.

Recently, a couple of Financial Times staffers, David Gelles and Gillian Tett, went down to visit him in prison. They spoke with Madoff for two hours — or rather, Madoff told them his story — in probably the most candid interview he has ever given.

The article, from this week’s FT Magazine, chronicles Madoff’s rise from upstart outsider financier, to one of the most revered men on Wall Street, to one of the biggest villains in the economic crash. He tells his story with a surprising even-handedness, even talking candidly about what he’s been doing in prison (seeing a therapist, reading Danielle Steele novels).

For someone who was the subject of so much media attention, it’s fascinating to hear him tell his story from his own perspective and get a little more insight into how the mind of such a man might work. 

Last modified: April 25, 2011 at 2:55 pm