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Bernie Madoff ran the largest Ponzi scheme in the history of the world, growing to a shocking $50 billion before it collapsed under its own weight in 2008. As early as 1991, 17 years before the collapse, a mathematician and financier named Edward Thorp found out that Madoff was running a Ponzi scheme. Yet very few people took Thorp's allegations seriously. In this video we tell the shocking story of how Edward Thorp exposed Bernie Madoff and why so few people listened to him until it was too late.

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0:00 - 3:16 Intro
3:17 - 6:11 The rise of Madoff
6:12 - 10:00 Feeder funds
10:01 - 13:04 Canary in the coal mine
13:05 Madoff exposed