With the new year it arrives on Netflix Madoff – The Monster from Wall Street, the docuseries that follows the rise and fall of the financier Bernard Madoff who organized one of the largest “Ponzi schemes” * in the history of Wall Street.
In fact, the miniseries in 4 director's episodes Joe Berlinger, reveals the financial scam from 64 billion dollars implemented by Bernard Madoff (died on 14 April 2021).
Ma he 2023 it is also the year of the 50th anniversary of the publication of the historic book But you really want to be rich?. It is in fact of 1973 the Italian edition published by Rizzoli Publisher that tells the story, documented and rigorous Bernard Cornfeld and his IOS (Investors Overseas Services).
The biggest financial crash of the 1960s!
At that time it was defined as the most colossal financial scam of the century. Subsequent events, up to the aforementioned Madoff, Unfortunately they have shown us that, when it comes to “screw” thousands of shareholders with extravagant speculative investments and illegal financial maneuvers there are always new cases.
Unfortunately, Italy was not exempt. In fact, many Italians were involved in that “colossal and rapid capital raising operation, which extended to 126 Countries in the World“.
“In Italy, we read in the book, illegal sales activities took place “nera” of shares of unauthorized funds with a mix of expatriation of suitcases of money to Swiss banks, abstruse dollar transfers that transacted into current accounts of Italian banks thanks to bank drafts made out to imaginary people and lots of cash which made IOS the largest illegal exporter of currency from Italy“.
Alex Gaetani
* The beginning of all financial scams from the name Americanized of Charles Ponzi (born Carlo Pietro Giovanni Guglielmo Tebaldo Ponzi), scammer of Italian origins who with his Schema Ponzi he did from “teacher” to all those who arrived later.
Read his autobiography “scam genius”: