Safer so this was the scene of the crime. Irving picard gave us a tour of Bernie Madoffs 19thfloor offices, an impressive landscape of emptiness. His desk was here. Safer picard has the thankless task of finding the money, the billions that madoff scammed. watch ticking Arlan Galbraith who called himself the pigeon king convinced hundreds of american and Canadian Farmers there was good money to be made raising the birds for food. And everybody we talked to said this guy washe was on the up and up. Nobody had a bad word to say about him. watch ticking stahl welcome to 60 minutes on cnbc. Im leslie stahl. In march 2009, Bernard Madoff pleaded guilty to perpetrating whats believed to be the largest financial fraud in history. He received the maximum sentence for his crime, 150 years in prison. But while madoff is behind bars, theres still much we dont know about the scam which involved, by some accounts, a fraud of more than 50 billion. Investigators are still trying to figure out who was
Do you think you could pull off this scam today . Given the same security measures . Yep. Easily. Piece of cake. Sam eshaghoffs scam was getting paid thousands of dollars to take the s. A. T. Test for other students. He did it at least 16 times, scoring in the 97th percentile of the country. I would call him an academic gun for hire. Thats what he was. Welcome to 60 minutes on cnbc. Im bob simon. In this edition, we examine two very different kinds of fraud. Bernie madoffs wife and surviving son break their silence about wall streets most infamous criminal. And later, we visit a high school con man who figured the best way to make the grade was to cheat the s. A. T. S but first, in december 2008, Bernie Madoff confessed to running a 65billion ponzi scheme, the largest financial fraud in history. While madoff is serving 150 years in prison, his family had to deal with the consequences of his crimes. His wife ruth divested of most of her great wealth and derided by a suspicious world. Th
In infamy. Its a tough name to live with. It sure is. In the first interview since Bernie Madoffs arrest, his wife ruth. I trusted him. And son andrew. Thats who i am. My name is madoff. And ill live with that for the rest of my life. Speak out about crime, guilt, suicide. Mr. Madoff, what do you have to say for yourself . And the day bernie admitted to committing the largest financial fraud in history. And he said, i have a confession to make. Ive been running a ponzi scheme. [ticking] do you think you could pull off this scam today . Given the same security measures . Yep. Easily. Piece of cake. Sam eshaghoffs scam was getting paid thousands of dollars to take the s. A. T. Test for other students. He did it at least 16 times, scoring in the 97th percentile of the country. I would call him an academic gun for hire. Thats what he was. Welcome to 60 minutes on cnbc. Im bob simon. In this edition, we examine two very different kinds of fraud. Bernie madoffs wife and surviving son break t
A condemned prisoner and his brother behind bars for a crime they didnt commit set free madoff tragedy we talk to the documentary filmmaker who had unprecedented access to the family and madoffs former secretary. Tonight the growing threat from the Islamic State group, as an old enemy surfaces with a new message. Al qaeda announced plans to form a branch on the indian subcontinent, fighting to revive islamic rule in myanmar, bangladesh and other areas. The leader unveiled the plan in a 55 minute video posted online. The announcement is seen as a snub to the rise of the Islamic State, and comes as the u. S. Confirms the Islamic State group beheaded a second american journalist. Some 100 americans are believed to be fighting in the middle east with what president obama labelled terrorists. The president made it year justice will be carried out. Mike viqueira reports. Early wednesday the Administration Made it official, authenticating the murder of second journalist Steven Sotloff. In the
We talk to a teacher. From funny girl to business woman, remembering joan rivers, one of the sharpest minds in show business on and off the stage. We begin this hour with a fight to stop the Islamic State group today. Mosul and iraq, one of their top commanders reportedly died in a u. S. Air strikes. It has not been independently confirmed. The attack has pushed back the fighters. The operation in Northern Iraq is costing 7. 5 million, say the pentagon. More u. S. Soldiers are headed to the region, a third of troops ordered to baghdad have arrived. Yates ratchets up its United States ratchets up its presence in iraq, Islamic State group is claiming more territory, saying pakistan and afghanistan is part of its calafat, a challenge to the ambitions of alqaeda, and could prompt the Group Responsible for 9 11 to consider Islamic State a rival. Mike lyons is a former army major and a senior fellow at the truman institute. Al qaeda has ambitions with india. Islamic state has pakistan, afgha