- 5 weeks ago
From tech visionaries to financial titans, join us as we examine powerful figures whose reputations crumbled dramatically! Our countdown includes disgraced executives, fallen celebrities, and controversial leaders who went from admired to despised. These once-respected individuals saw their legacies tarnished by scandals, poor decisions, and shocking revelations. Which dramatic fall from grace surprised you most?
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00:00I could say anti-Semitic things and Adidas can't drop me. Now what?
00:05Welcome to WatchMojo, and today we're looking at powerful leaders, influential innovators,
00:10celebrated executives, and cultural icons who reach the heights of professional success,
00:14only to see their reputations decline steeply due to decisions, scandals, or revelations.
00:19Mr. Cosby, how does it feel to be home?
00:20Cosby did not say a word.
00:22We have chosen these entries by their level of prior success,
00:25the severity of their failure, and the extent of the shift in public perception.
00:30Well, we want to thank all of you that have made that phone call to become a faith partner with PTL,
00:35and I say thank you.
00:37He was once one of America's most recognizable televangelists,
00:40and with that position, Jim Baker built a broadcast empire.
00:43Drawing millions of viewers and generating enormous revenue through donations,
00:47Baker's PTL club ministry was a rising influence within the American diaspora.
00:51At the peak of his career, Baker oversaw a Christian theme park,
00:54media centers, and luxury facilities funded through his organization.
00:58However, that peak collapsed when investigations revealed financial misconduct.
01:01In 1978, the Charlotte Observer started publishing articles about the misuse of PTL funds.
01:09It sparked a five-year-long FCC investigation.
01:13From reportedly misusing ministry funds to overselling lifetime vacation memberships,
01:18Baker's questionable accounting practices shook public trust.
01:21The final nail in the coffin was a highly publicized sexual misconduct scandal
01:24that also led to criminal charges for fraud and conspiracy.
01:27Baker eventually returned to broadcasting, but many feel his reputation never recovered.
01:31It's one of those things you kind of say, well, God, is this a joke?
01:35J.K. Rowling.
01:35How does it feel to have really motivated an entire generation to read?
01:39Nothing better. Nothing better.
01:40A universally admired and beloved creator of the wizarding universe that took the world by storm,
01:45J.K. Rowling is the author of the most successful literary franchises in modern history.
01:50Her books inspired millions, reshaped children's publishing, and generated blockbuster films,
01:55theme parks, and global fandoms.
01:56She's now written an essay on her blog addressing the accusations
02:00and saying her opinions stem from her own experience with domestic violence.
02:06That's why she's been pushed to advocate for women's rights, she says.
02:10However, in recent years, Rowling's public image has shifted dramatically,
02:13thanks to her controversial comments regarding gender-related issues.
02:16The backlash from fans, advocacy groups, and even cast members from the film franchise was so intense.
02:22While Rowling still garners influence and continues writing,
02:25the public debate surrounding her views has significantly affected her reputation.
02:30For former Rowling stans, her earlier legacy now sits in stark contrast
02:33with the divisive discourse she has generated.
02:36I'm sure there used to be a word for those people.
02:38Someone help me out.
02:39Wumbin? Wimpund? Wumud, she wrote.
02:42Elon Musk.
02:42Who could have thought that the visionary entrepreneur behind Tesla, SpaceX,
02:46and technological innovation would become such a polarizing public figure?
02:50Over the years, Elon Musk's public reputation has shifted as a result of increasingly divisive
02:54statements, abrupt leadership decisions, and unpredictable online behavior.
02:58Musk's acquisition and restructuring of major platforms such as Twitter,
03:02along with disputes involving employees, regulators, and investors, have fueled growing criticism.
03:07His role and association with President Donald Trump's government have seen supporters
03:11shift their views of the former from a bold futurist to an erratic and irresponsible individual.
03:16Musk's once universally admired public persona has become far more divisive,
03:21changing how many people perceive his leadership and judgment.
03:29Rudy Giuliani.
03:31I'm the Republican mayor, but I'm really not.
03:34I'm the mayor of New York City.
03:35During the aftermath of the September 11th attacks,
03:38Rudy Giuliani earned national respect for his leadership.
03:40Yet, in the years that have followed, Giuliani's reputation as a strong,
03:44steady public figure has deteriorated sharply.
03:47His legal work, especially during the 2020 U.S. election challenges,
03:50drew intense scrutiny.
03:52Add in a dabble of controversial press conferences and unverified claims,
03:56the once America's mayor has become the subject of widespread criticism and satire.
04:00Giuliani's association with disputed legal efforts has overshadowed his earlier
04:04accomplishments, causing many who once admired him to reconsider their view of his career and conduct.
04:09We're not going to steal this election.
04:11This election gets decided by the people.
04:13Richard Fold.
04:14Among one of Wall Street's most influential figures and a longtime CEO of Lehman Brothers,
04:19Richard Fold effectively guided the company prior to the 2008 financial crisis,
04:23helping it grow substantially and earn major profits.
04:25Lehman Brothers was a top underwriter of subprime lending,
04:29and their CEO, Richard Fold, took home $485 million.
04:34Unfortunately, that was all for the positives.
04:37The Lehman Brothers eventually collapsed after the financial crisis and became the
04:41largest bankruptcy in U.S. history.
04:43Fold's reputation took a dramatic downturn when it was revealed that his excessive risk-taking,
04:47poor oversight, and resistance to regulatory warnings contributed to the firm's downfall.
04:51The firm's collapse also triggered global economic turmoil and widespread job loss.
04:56The public outrage was such that most forgot his past accomplishments,
04:59and Fold became emblematic of unchecked corporate leadership.
05:02Did we do everything right?
05:04We clearly did not.
05:06Mark Zuckerberg.
05:07And if this is the future that you want to see, then I hope that you will join us.
05:12Facebook is a platform that revolutionized social media and reshaped communication worldwide.
05:17Its co-founder, Mark Zuckerberg, became a household name and the face of the company.
05:21Credited as a forward-thinking tech innovator,
05:23Zuckerberg was riding the high wave with Facebook's growing presence in the global social media market.
05:28But in the wake of multiple controversies, such as the Cambridge Analytica scandal,
05:32concerns grew about the platform's influence on mental health and civic discourse.
05:36Have you changed your lifestyle?
05:37You don't look like you're buying really expensive clothes.
05:40No, I'm not buying really expensive clothes.
05:42Zuckerberg's once-pristine reputation began to shift drastically.
05:46While he still commands significant industry influence,
05:48Facebook's perceived preference for profit over safety
05:51has caused many to re-evaluate their support for the company and respect for Zuckerberg as a leader.
05:56I believe deeply in what we're doing.
05:59And I know that when we address these challenges,
06:02we'll look back and view helping people connect and giving more people a voice as a positive force in the world.
06:08Adam Neumann.
06:08Even though WeWork is 50 square foot per person,
06:11a third of all WeWork spaces are actually open common spaces that give access to everybody.
06:16WeWork was a company that sought to transform shared office spaces into a global lifestyle brand.
06:21And it nearly achieved this goal.
06:23Reaching a staggering $47 billion valuation,
06:26the company was poised to dominate the future of the workspace.
06:29At the top was Adam Neumann, the charismatic visionary driving the company.
06:33Everything was going well,
06:34but then Neumann's image unraveled after the company's attempted initial public offering
06:38revealed major financial losses, governance concerns, and unusual spending decisions.
06:43Reports highlighted questionable management practices,
06:46conflicts of interest, and a chaotic corporate culture.
06:49Investors rapidly lost confidence, leading to Neumann's removal as CEO.
06:53His dramatic fall became one of the most publicized examples of startup overvaluation and leadership excess.
06:59It's almost out of legend right now how recklessly WeWork spends money on things from a company that makes wave pools
07:06to a company that makes superfoods led by a guy that Adam met while he was surfing.
07:11Martin Winterkorn.
07:12The supervisory board said we'd like to clearly state that Mr. Winterkorn was not aware of the manipulation of emissions
07:19and that we have the greatest respect for his willingness to send a very clear signal
07:23and take responsibility in this difficult situation for Volkswagen.
07:28Volkswagen is one of the largest automakers in the world,
07:30but it has experienced its fair share of controversies.
07:33Top of the list is the emissions scandal,
07:35where the company was found to have installed software designed to cheat emissions tests.
07:39Martin Winterkorn would take the blame for this all happening under his surveillance.
07:43Recognized as a highly effective leader, Winterkorn helped strengthen Volkswagen's global presence.
07:48Under his leadership, the company expanded aggressively,
07:51but post-emission scandal, Winterkorn found himself in the spotlight for all the wrong reasons.
07:55The revelation sparked global investigations, major recalls, and billions in penalties.
08:00He denied any involvement in decisions to install the so-called defeat devices
08:04that made harmful diesel emissions seem cleaner than they were.
08:08Winterkorn faces a fine or a custodial sentence if found guilty.
08:13Winterkorn resigned shortly after, with the controversy overshadowing his accomplishments
08:17and dramatically reshaping public perception of the Volkswagen brand.
08:22Tony Hayward.
08:23At first, BP's strategy was to say, while it would pay for the cleanup,
08:27other companies were also responsible for the well.
08:30But the White House and lawmakers zeroed in,
08:33especially on Hayward, saying BP was not doing enough.
08:37Tony Hayward became CEO of BP with a reputation as a competent reformer
08:41focused on improving safety and operational practices.
08:44Then, in 2010, the Deepwater Horizon oil rig exploded,
08:48leading to one of the worst oil spills and environmental disasters in history.
08:52Hayward did not do a great job in managing the criticism that came his way.
08:55His comments during the crisis were considered insensitive and amplified negative scrutiny on BP.
09:00Despite efforts to manage the response,
09:02the scale of the disaster and his perceived mishandling led to overwhelming backlash.
09:07Hayward stepped down as CEO later that year.
09:10Hayward's legacy, once rooted in corporate experience and executive skill,
09:13is now closely tied to the catastrophic spill and its environmental impact.
09:17We're sorry for the massive disruption that's caused to their lives.
09:22And, you know, we're, there's no one who wants this thing over more than I do.
09:25You know, I'd like my life back.
09:26Travis Kalanick.
09:27You dropped the prices on black.
09:29Yes, you did.
09:30We started with $20.
09:32We started with $20.
09:34How much is the mile now?
09:35$275?
09:36You know what?
09:37What?
09:37Some people don't like to take responsibility for their own shit.
09:41I take responsibility.
09:41They blame everything in their life on somebody else.
09:44But why are you sending an email for a town card?
09:45Uber transformed ride-sharing into a global phenomenon.
09:50At its helm was co-founder and CEO Travis Kalanick,
09:53who guided the brand into becoming one of the fastest-growing tech companies of its time.
09:56However, his management style came under intense scrutiny
09:59as numerous reports emerged of internal misconduct,
10:01aggressive workplace culture, and disputes with regulators worldwide.
10:05The surprise announcement comes one week after Kalanick said he would be taking a temporary leave of absence
10:10following the death of his mother.
10:12And in the wake of company-wide changes following Eric Holder's investigation into Uber's corporate culture,
10:18Kalanick had created an environment that tolerated inappropriate behavior.
10:22The workplace culture prioritized rapid expansion over employee well-being.
10:26Things got worse when high-profile incidents and leaked internal communications worsened public perception,
10:31forcing Kalanick to step down.
10:33While his vision helped shape modern transportation,
10:35the controversy surrounding his leadership diminished Kalanick's stature in the modern tech world.
10:40But the one thing you just cannot overcome is when you've lost the team.
10:43And I think it was clear that Travis had lost the team,
10:46and recruiting here is hard.
10:48And if you have a culture that basically doesn't attract half of the population of talent,
10:54it's very, very hard to overcome.
10:56John DeLorean
10:57John DeLorean was a celebrated automotive engineer known for bold innovations at General Motors
11:02before founding his own company to produce the iconic DeLorean DMC-12 sports car.
11:07DeLorean's image initially began as that of a daring entrepreneur challenging industry norm,
11:11but that self-portrait came crumbling down when he became embroiled in a widely publicized substance trafficking case.
11:17And DeLorean's subsequent meetings with the dealers were then videotaped by federal authorities.
11:22DeLorean was eventually acquitted, but the damage was done.
11:24Financial troubles at his company and production setbacks further eroded confidence.
11:29Now remembered as a future of both brilliance and controversy,
11:32DeLorean's fall is a cautionary tale in both business and popular culture.
11:36John DeLorean had realized his sports car dream.
11:41But there was just one problem.
11:46It was terrible.
11:48Raj Rajaratnam
11:49At one point, the Galleon Group was among the world's most successful hedge funds.
11:52The group gained prominence under the effective management of its founder, Raj Rajaratnam.
11:57Highly regarded for his analytical skill and strategic insight,
12:01he built a reputation as a formidable figure in finance.
12:04Then came the conviction.
12:05This man, Raj Rajaratnam, he is the guy at the top of the Galleon organization,
12:10the kingpin, allegedly, in this insider trading scheme.
12:14He's written a letter to investors saying the Galleon is winding down its funds.
12:17Rajaratnam was found guilty in one of the largest insider trading cases in U.S. history.
12:21Investigations revealed a detailed network of illicit information exchanges
12:25designed to gain unfair market advantages.
12:28The arrest and subsequent convictions sent ripples through Wall Street
12:31and became a landmark moment in financial enforcement.
12:34Once seen as a sophisticated investor,
12:36Rajaratnam's legacy is now defined by the scandal that dismantled his empire.
12:40It's kind of like taking a bite out of the forbidden fruit.
12:43Except for here, he was feasting on the forbidden fruit.
12:45Martin Shkreli
12:46Now, you guys have said that the reason you increased this price so much
12:49after acquiring the drug was in order to do the research and development
12:52to develop a better version of Daraprim.
12:54I just got off the phone with an HIV doctor who told me
12:57they don't need a better version of this drug.
12:58What are you doing here?
13:00Yeah, that's not true.
13:01There's a recent paper that suggests that two patients died
13:05due to autoimmune encephalitis from toxoplasmosis.
13:10When Martin Shkreli dramatically increased the price of a life-saving anti-parasitic drug
13:14by more than 5,000% through his pharmaceutical company,
13:18he earned the moniker PharmaBro.
13:19Shkreli's unapologetic public persona, confrontational interviews,
13:23and dismissive attitude toward criticism
13:25made him one of the most disliked business figures of the decade.
13:28The infamous price hike drew a major outlash,
13:30and Shkreli's downfall was not too far away.
13:33Unrelated securities fraud charges involving his hedge fund activities
13:36had him convicted and sentenced to prison,
13:38now a symbol of corporate greed.
13:40Shkreli's conduct was not only viewed as a disservice to society,
13:43it effectively ended his standing in the field.
13:45What do you say to that single pregnant woman who might have AIDS,
13:52no income,
13:55and she needs daraprim in order to survive.
13:58What do you say to her when she has to make that choice?
14:02What do you say to her?
14:03On the advice of counsel, I invoke my Fifth Amendment
14:06privilege against self-incrimination,
14:07and respectfully decline to answer your question.
14:09Elizabeth Holmes.
14:10I'm not the lab director, and so...
14:13I know, but you're the CEO and founder of the company.
14:15I mean, this is as serious as it gets.
14:17What I know is that I've put the best people in place
14:20to be able to investigate every aspect of this
14:24and ensure that we meet the quality standards that we hold ourselves to,
14:28and I know they're doing that.
14:30Once hailed as the next Steve Jobs,
14:31Elizabeth Holmes built Theranos into a $9 billion startup
14:35on the promise of revolutionary blood testing technology
14:38that required only a single drop of blood.
14:40Holmes' charisma and ambitious disposition attracted powerful investors.
14:44She became the darling of Silicon Valley.
14:46Unfortunately, the technology that she proposed did not actually work.
14:49Accusations of misleading investors,
14:51flawed testing practices,
14:52and fabricated demonstrations culminated in criminal fraud charges.
14:57Holmes was convicted on multiple counts,
14:59and Theranos collapsed entirely.
15:01Today, Holmes isn't seen as a visionary,
15:02but a what-could-have-been tale of hype,
15:04trust, and accountability in the tech world.
15:06Well, she is one of 655 inmates at this so-called club fed
15:11about 100 miles outside of Houston where she grew up.
15:14She'll have absolutely no privacy.
15:17She'll be wearing a khaki uniform.
15:19She will spend her first 90 days working in the kitchen,
15:22as we mentioned, making 12 to 40 cents an hour.
15:24After that, she will work as a groundskeeper
15:26or a janitor at the facility.
15:28Sam Bankman-Fried.
15:30A lot of people look at you and see Bernie Madoff.
15:32Yeah.
15:32I mean, I don't think that's who I am at all,
15:38but I understand why they're saying that.
15:40People lost money, and people lost a lot of money.
15:43And, I mean, at the end of the day,
15:47look, there's a question of what happened and why.
15:50The world of cryptocurrency has its share
15:52of conflicting personalities.
15:54SBF, otherwise known as Sam Bankman-Fried,
15:56was once a rising star who rapidly accumulated billions
15:59as founder of FTX, one of the largest crypto exchanges.
16:02SBF positioned himself as a responsible leader
16:04in a chaotic industry.
16:06His cultivated philanthropic reputation imploded
16:09when it was revealed that customer funds
16:10were misused to cover FTX's losses.
16:13Bankruptcy filings uncovered massive financial mismanagement
16:16and a lack of basic oversight.
16:17Facing multiple criminal charges,
16:19SBF's fall from billionaire to embattled defendant
16:21once again had the crypto industry
16:23face renewed skepticism.
16:24And among the most stunning reversals
16:26in recent financial history.
16:27What we know right now is that a sentence of 25 years
16:30has been handed down by the judge,
16:32including some years of supervisory release,
16:34three to be sure.
16:35And part of what the judge said amounted to that sentence
16:37was losses, he said, that totaled more than $11 billion.
16:41Jeffrey Skilling.
16:42You're the only financial institution
16:44that can't produce a balance sheet
16:45or a cash flow statement with their earnings.
16:49Well, thank you very much.
16:53We appreciate it.
16:53Appreciate it.
16:54Jeffrey Skilling was a central figure
16:55behind Enron's meteoric rise.
16:57Promoting aggressive financial strategies,
16:59Skilling modeled the company
17:00as a visionary force in the energy sector.
17:02Jeff Skilling was the poster boy
17:04for all that was wrong
17:05with big corporations and corporate greed.
17:08Brian Weiss is Channel 2's legal analyst
17:10and covered Skilling's trial.
17:12Putting Jeff Skilling in the penitentiary
17:14for as long as we did
17:15didn't bring back any of the funds
17:18that these people lost
17:19and they were never really made whole.
17:20He was successful in his effort
17:22and under his leadership,
17:23Enron was celebrated
17:24as one of the most innovative corporations
17:26in the United States.
17:27Then Enron filed for bankruptcy.
17:29Investigations revealed
17:30widespread accounting manipulation
17:31that concealed massive losses.
17:34Thousands of jobs were erased
17:35along with retirement accounts.
17:37Skilling was convicted
17:38on numerous charges
17:39related to fraud and insider trading.
17:41Initially viewed
17:41as a brilliant corporate strategist,
17:43Skilling instead became
17:44a symbol of executive misconduct.
17:46Developing right now,
17:48the former CEO of Enron
17:49has just been released
17:50from federal custody.
17:51Jeff Skilling, now 65 years old,
17:53was released after spending
17:5512 years in prison
17:56for his role
17:56in one of the most
17:57high-profile corporate
17:58and financial fraud cases
18:00in American history.
18:02Bernie Ebers.
18:02Hi, David.
18:03As you well know,
18:04in his prime,
18:05Bernie Ebers was known
18:06as the Telecom Cowboy,
18:08a former high school
18:09basketball coach
18:10who cobbled together
18:11a company that ultimately
18:13helped lay the foundation
18:15for the internet
18:15as we know it.
18:16But it was all built
18:18on a massive brazen fraud.
18:19WorldCom transformed
18:21the telecommunications industry.
18:22This giant of the field
18:23led by CEO Bernie Ebers
18:25rose to prominence
18:26through aggressive mergers
18:27and rapid expansion.
18:29Ebers was praised
18:29for his business acumen
18:30and ability to drive growth
18:32in a competitive market.
18:33But that growth took a hit
18:34when WorldCom was caught
18:35engaging in one of the largest
18:36accounting frauds
18:37in U.S. history.
18:38The scandal led
18:39to the company's bankruptcy,
18:40billions in losses,
18:41and thousands of lost jobs.
18:43Convicted of fraud
18:44and conspiracy,
18:45the sentence Ebers
18:46died at home
18:46on medical release
18:47while becoming synonymous
18:48with early 2000s
18:49corporate misconduct
18:50and a cautionary example
18:52of unchecked corporate ambition.
18:53Misleading regulators
18:55as well as investors
18:56on the health of the company
18:58and overinflated
19:00a lot of the company's
19:02numbers and profits
19:03and that sort of thing
19:04and he was caught.
19:06Despite being only
19:07halfway through his sentence,
19:08Ebers' family
19:09and their attorneys
19:09argued now at age 78
19:11being in prison
19:12had taken major tolls
19:13on the man's health.
19:14Harvey Weinstein.
19:15To me,
19:16I'm still the underdog.
19:17I felt that way
19:18when I was young.
19:19A name that remains
19:20a persistent presence
19:20in social media.
19:21Harvey Weinstein
19:22was among the most
19:23powerful producers
19:24in Hollywood.
19:25Responsible for award-winning
19:26films and shaping
19:27the careers of countless
19:28actors and directors,
19:29Weinstein had a considerable
19:30net of influence
19:31over the entertainment industry.
19:33His career and reputation
19:34collapsed after numerous
19:36allegations of sexual
19:37misconduct emerged.
19:38The revelations
19:39demolished Weinstein's reputation
19:41and also became a phenomenon
19:42in itself,
19:43catalyzing widespread
19:44cultural changes
19:45across the industry
19:46regarding workplace conduct
19:47and accountability.
19:48Once a symbol
19:49of Hollywood success,
19:50Weinstein became associated
19:51with abuse of power
19:52and systemic issues
19:54that continue to be debated
19:55and addressed to this day.
19:56Former movie producer
19:57Harvey Weinstein
19:58has been sentenced
19:59to 16 years in prison
20:01in Los Angeles County.
20:02Jerry Sandusky.
20:03Sandusky was convicted
20:04last year of 45 criminal counts
20:07and is serving a 30 to 60 year
20:08prison sentence,
20:09all the while maintaining
20:10his innocence.
20:11Penn State faced a flurry
20:13of controversies
20:13when respected defensive coach
20:15Jerry Sandusky
20:16was convicted
20:16on multiple charges.
20:18The charges?
20:19Abuse of minors
20:19and one of the most
20:20significant scandals
20:21in U.S. sports history.
20:23From a man who was known
20:23for helping build
20:24the program's championship
20:25reputation
20:26and founding a youth charity,
20:28Sandusky went from
20:28a beloved community figure
20:30to a villain.
20:30The scandal tanked
20:31his reputation
20:32while also triggering
20:33sweeping consequences
20:34for Penn State,
20:35reshaping how institutions
20:37handle internal accountability.
20:38Sandusky's professional success
20:40masked deeper problems
20:41and his once pristine legacy
20:43lies tattered.
20:44He is 68
20:44and today he was sentenced
20:46to at least 30 years
20:47behind bars,
20:48the price for sexually
20:50abusing children.
20:51And today in the courtroom
20:52he defiantly stood
20:53face to face
20:54with some of his victims
20:55who were just 10 feet away.
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21:13Bernie Madoff
21:14Deemed the pantomime
21:16evil boss of Wall Street,
21:17Bernie Madoff arrived
21:18with several years
21:19to count serving
21:20as Nasdaq chairman
21:21and managing
21:22a prominent investment firm.
21:23Tonight,
21:24as much as $50 billion
21:26is gone,
21:28vanished.
21:28From Madoff clients
21:29around the world,
21:30including celebrities
21:31like Steven Spielberg,
21:33Kevin Bacon,
21:34and Elie Wiesel.
21:35It seemed Madoff
21:36was built for business,
21:37but behind his success
21:38was the largest Ponzi scheme
21:39in history.
21:40Defrauding thousands
21:41of clients,
21:42including charities
21:43and retirees
21:43of billions,
21:44Madoff's operations
21:45were exposed
21:46during the 2008
21:47financial crisis.
21:48In 2009,
21:49he pleaded guilty
21:50to 11 criminal counts
21:51and received
21:52the maximum sentence,
21:53150 years.
21:55In court,
21:56he insisted
21:56it was all his idea.
21:58His family,
21:59he claimed,
21:59knew nothing.
22:00The scale
22:01of a sole individual's
22:02deception
22:02shocked the global
22:03financial community.
22:04Madoff pleaded guilty
22:05to multiple felonies
22:06and was sentenced
22:07to 150 years in prison.
22:08The Madoff name
22:09is now analogous
22:10with betrayal,
22:11financial ruin,
22:12and the devastating
22:12consequences
22:13of unchecked fraud.
22:14And the remorse
22:15he claimed
22:15in every message
22:16is suspect as well.
22:18At his 2009 sentencing,
22:20Madoff turned
22:20to his victims.
22:21I'm sorry,
22:22he said.
22:23I know that doesn't
22:24help you.
22:25It didn't.
22:26And neither
22:26does Bernie Madoff's death.
22:28Which of these downfalls
22:29shocked you the most?
22:30Let us know
22:30in the comments.
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