Bernie Madoff | Sins of the Father | 1
American Scandal
00:00
The SEC's Rule for Investing Client's Money
Bernie Madoff told Frank Deepascali to liquidate every one of his clients' accounts. He was then supposed to pool the cash without saying anything to the clients. They needed to come up with $441 million, otherwise they were done. But he doesn't know how he's supposed to get that kind of money. Paying out $441 million could ruin him. The SEC will start digging around and they'll learn the truth.
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