Diana B. Henriques, an award-winning financial journalist, is the author of The Wizard of Lies, a New York Times bestseller about the Bernie Madoff scandal, and three other books on business history. As a writer for The New York Times, she has largely specialized in investigative reporting on white-collar crime, market regulation and corporate governance. more
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We need to discuss how to approach video for mobile; unfortunately most of teh videos on the current site cannot be embedded as is and work on mobile. That is why this is the video shown (Youtube works fine).
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From an interview on Here & Now with Robin Young & Jeremy Hobson, WBUR Boston public radio:
Link to page on WBUR site.
“It is essential that all of us, especially fraud fighters, understand how ordinary a Ponzi schemer’s personality can seem. Because we only define them as Ponzi schemers in hindsight, it is very hard for us to put ourselves back into the pre-revelation mindset to appreciate what made these characters so appealing. A scholar whose work I admire described a Ponzi schemer as someone who can perfectly impersonate an honest person.”
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“…five years later, many of his victims are still waiting to learn if they will recover even a small fraction of the wealth they lost. And some anxious investors, who withdrew much more than they put into their Madoff accounts, are facing lawsuits that seek to reclaim profits that, unknown to them, were paid with stolen money.”
The largest category of victims in the vast Ponzi scheme run by Bernard L. Madoff — those who lost cash through accounts with various middleman funds — will be first in line for compensation from a $2.35 billion fund collected by the Justice Department.
“We could think of no one who meets this criteria more than Diana,” said Kevin Noblet, chair of the selection committee. “Her investigative reporting sets a high standard for all of us in terms of rigor and relevance. And she has been so generous to those who ask her help to become better professionals.”
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