“He’s a sociopath who shares certain similarities with the serial killers I’ve profiled,” says filmmaker Joe Berlinger. “A complete lack of empathy.”
as well as FBI agents, Madoff employees, and some of the victims of his scam—Berlinger realized that Madoff wasn’t so different from Bundy and Dahmer.
“He’s a sociopath who shares certain similarities with the serial killers I’ve profiled,” Berlinger says. “A complete lack of empathy. If you take all the money of a widow, say you’re gonna take care of her, and take that money, that’s remarkably horrible. The other quality is this extreme narcissism that drove him.”had already ousted Netflix’s record-smashingthanks in part to Berlinger’s comprehensible breakdown of Madoff’s financial crimes.
“Most people who have told the Bernie Madoff story have told it in a way that has kind of mythologized Bernie as this evil genius who single-handedly duped Wall Street and duped the regulators,” says Berlinger. “One of the ironies of the whole thing is that what he did wasn’t that complex. The fraud was so simplistic, which points to the regulatory failure and to the people who knew better, who were dealing with him. The reality is he was enabled by people who knew better.
A mere three months after Madoff was arrested, the disgraced financier pleaded guilty to 11 federal felonies and admitted to turning his wealth management business into a massive Ponzi scheme. At the time, his confession earned him a bit of public goodwill from people who believed that Madoff turned himself in quickly to save his wife,and sons Mark and Andrew from further misery.
“If I remember correctly, he had over 200 feeder funds outside of the United States…and a lot of that money from people we talked to, who wouldn’t go on the record, said that a lot of the money was laundered money from the Russian Mob and the Mexican drug cartels,” says Berlinger. “A lot of it was legitimate money too…. It feels like an interesting theory that he quickly pleaded guilty and chose to put himself in prison to avoid a Mob hit.
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