Michael Bienes Describes the Easy Money He Made Feeding Money into Madoff

Michael Bienes was a small-time investment advisor who stumbled on Bernard Madoff. In this soon-to-be-aired Frontline program, he, and others describe how the Madoff operation worked, how people were duped, and how many made easy money off the largest Ponzi scheme ever.

Michael Bienes was a small-time investment advisor who stumbled on Bernard Madoff.  In this soon-to-be-aired Frontline program, he, and others describe how the Madoff operation worked, how people were duped, and how many made easy money off the largest Ponzi scheme ever.

In the video below, Michael Bienes said that feeing money into Madoff was a cash machine and that he never did any heavy lifting.  It was "easy-peasy."  He also candidly admits that he had no idea how Madoff was going to guarantee such high returns and that he didn't care.

The bottom-line lesson for any investor - if something sounds too good to be true, run.

Sam Cass
Sam Cass: Sam Cass, MBA, JD, University of Texas at Austin. Always a fan of Leonardo Da Vinci.

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