Why revisit the Bernie Madoff saga now? Here's what 'Madoff: The Monster of Wall Street' director says

Many news outlets have drawn a parallel between the founder and CEO of the cryptocurrency exchange FTX, Sam Bankman-Fried, and the Ponzi scheme fraudster Bernie Madoff called a 'financial serial killer' in the Netflix docuseries named 'Madoff: The Monster of Wall Street'.

Fried has been accused of 'misleading investors' by running a 'wide-ranging scheme' whereas, Madoff has been accused of running a Ponzi scheme, considered the biggest such fraud in the history of Wall Street.

Joe Berlinger, the director of the Netflix documentary 'Madoff: The Monster of Wall Street', says this documentary is a 'perfect analogy' to show that lessons from the Madoff incident have not been learned, which is why we saw a similar episode of incidents in the FTX crash. He says, 'Little did I know that this FTX thing would happen.'


According to Berlinger, a 'financial serial killer' like Madoff shares a characteristic with serial killers.



Berlinger says he finds a similarity between Bernie Madoff's life and a serial killer. Justifying his statement he added that Madoff was capable of presenting himself as a skilled businessman while running a business he knew was bogus, and a serial killer manages to lead a secret life of crime.

'I think somewhere they obviously know they’re doing something wrong because they’re covering their tracks. I think somehow they all think it’s all going to work out.'

He further adds, 'To me, is a similarity to serial killers. They live in their world of fantasy.'

Joe Berlinger, the director of the Netflix documentary 'Madoff: The Monster of Wall Street', has also directed Paradise Lost and Crude, where the prior talks about West Memphis three, and the latter revisit a lawsuit against 'Chevron'.

In an interview with a news agency, Berlinger says that he has done a lot of serial killer shows in a row, and that has an emotional toll. He further adds that he loves true crime. He said that the idea behind 'Madoff: The Monster of Wall Street' was to 'broaden palette on crime.'

FAQs

1. When was the Netflix documentary 'Madoff: The Monster of Wall Street' released?
   January 4, 2023.
2. Who directed 'Madoff: The Monster of Wall Street'?
   Joe Berlinger is the director of the Netflix documentary 'Madoff: The Monster of Wall Street'.