A remarkable end to the Bernie Madoff ponzi scheme
Richard Breeden is former Chair of the Securities & Exchange Commission, former advisor to President George HW Bush, and now founder and CEO, Breeden Capital Management, where for the last two decades he has overseen funds for victims of unlawful conduct, including the victims of Bernie Madoff's ponzi scheme which was discovered in 2008. He joins Michael now that the fund has finished paying out money to over 40,000 Madoff victims, who recouped 94% of losses, to the tune of $4.3 billion. Original air date 23 January 2025.