Too Good to be True- The Rise and Fall of Bernie Madoff and his Ponzi Scheme - part 2

www.mslaw.edu The strange death of Jeffrey Picower, why JP Morgan Chase pulled their funds from Madoff and stories of the SEC and SIPC.
In this second hour of Dean Velvel's interview with Author Erin Arvedlund about her book, Too Good to be True, The Rise and Fall of Bernie Madoff, Arvedlund and Velvel discuss the details of how a mutual fund works, the derivation of madoff invented "payment for order flow" - now a standard Wall Street Practice - the unusual story of Madoff investor, Jeffrey Picower who died under mysterious circumstances, the implications of the Madoff fraud for all American investors, why JP Morgan Chase withdrew their money from Madoff shortly before Madoff's confession and how the repeal of Glass-Steagall set the stages for the Madoff fraud.
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