Peter Madoff, Part 1
February 1, 2013
It’s the FBI’s biggest Ponzi scheme investigation...the case against employees of Bernard L. Madoff Investment Securities involved about $20 billion in losses from more than 4,000 investors.
Mollie Halpern: It’s the FBI’s biggest Ponzi scheme investigation. The case against employees of Bernard L. Madoff Investment Securities involved about $20 billion of losses from more than 4,000 investors.
Paul Takla: We knew from the beginning that we were dealing with a very corrupt organization.
Halpern: I’m Mollie Halpern, and this is Gotcha, the FBI’s closed case of the week. Peter Madoff, Bernie’s brother, was the company’s chief compliance officer. In his role, Madoff was supposed to guard against fraud through conducting compliance reviews and reporting the information to regulatory authorities such as the U.S. Securities and Exchange Commission. Case agent Paul Takla says Madoff engaged in a scheme to make it appear as if he had performed his job.
Takla: Madoff signed several weeks of fictitious reviews in one sitting, intentionally changing pens and ink colors to conceal that he had created the reviews all at one time.
Halpern: In next week’s edition of Gotcha, find out how FBI agents investigated Madoff’s role in this unprecedented Ponzi scheme and how Madoff will begin paying for his crimes this month.
- 09.22.2016 — FBI, This Week: Prescription Opioid and Heroin Epidemic Awareness Week
- 09.22.2016 — Wanted by the FBI: Walter Yovany Gomez
- 09.16.2016 — Inside the FBI: Comey’s Remarks at the 10th Anniversary of the National Security Division
- 09.16.2016 — FBI, This Week: The FBI’s Strategy to Combat the Evolving Terror Threat
- 09.09.2016 — FBI This Week: Leveraging Linguists for FBI Investigations