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For nearly 50 years Bernard L. Madoff consistently turned a profit for thousands of investors, entire families had their fortunes invested with him, he brokered deals with powerful hedge fund managers and feeder funds from Buenos Aires to Zurich. But on December 11, 2008, it all came crashing down. Madoff admitted to FBI agents that it was all "one big lie." Through exclusive television interviews with those closest to Madoff's operation, veteran FRONTLINE correspondent Martin Smith unravels the story behind the world's first global Ponzi scheme--a deception that lasted longer, reached wider and cut deeper than any other business scandal in history.
Watch a preview now at pbs.org/frontline/madoff.