Chasing Madoff

2010
6.2| 1h31m| en| More Info
Released: 26 August 2011 Released
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Official Website: http://cohenmedia.net/
Synopsis

A look at how one investigator spent ten years trying to expose Bernie Madoff's massive Ponzi scheme that scammed an estimated $18 billion from investors.

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Reviews

LeonLouisRicci Based on the Book by Harry Markopolos "No One Would Listen: A True Financial Thriller", the Story of an Intense Investigation of Bernie Madoff trying to find out if Fraud was being Perpetrated on the Public by Madoff in a "Ponzi Scheme" or was it all some kind of Super-Genius at Work.The Book could and should have been Titled…"No One Cared"...because They did Listen but more Importantly didn't care. Probably because Someone, if not Everyone was either told "Not to Care" or because Someone and more probably Everyone was...wait for it...MAKING MONEY.The Security Exchange Commission (SEC) Higher Ups, and, as We are told, Madoff created an Octopus Monster with Tentacles reaching all over the World and its reach was not only Wide but High, sometimes Sliming its way to the Top of the Global Pyramid.No Wonder "No One Would Listen", or more Accurately No One Cared. Even Most if Not Some of the Madoff Investors, especially those involved in Finance, knew for a Probability if Not a Certainty that something wasn't "Right/Legal". But the Gravy Boat was Rolling so why Rock it.The Documentary is a High-Style entry in the many Expanded News Stories and Examinations done since Bernie Madoff turned Himself in (to avoid assassination). In this one the Focus is On Markopolos and Associates reliving "Their" Story. It's Glossy and includes Glitzy Dramatizations and Over the Top Archival Footage to Enhance the Entertainment Value.Those that want "Just the Facts, thank You Mam", might Find this a bit too Self-Conscious and at times Silly. There are other Products out there that are Straight Documentaries. This one is Far From Straight. It makes its Point with Paraded Out Footage from Gangster Newsreels and even Movies. Maybe too Fluffy for Some, but this Documentary is made for the Masses and tries to the Extreme to be "A Financial Thriller". It somewhat Succeeds, but is not going to Please Everyone like Madoff Did...Until He Didn't.
jotix100 Harry Markopolos, the man at the center of this documentary, had no clue into what he was about to embark, when his friend, Frank Casey, asked him to check the numbers in a firm that was the 'star' of the investment world. Mr. Casey's intention was to be able to comprehend the success of a powerful man in New York, one Bernard Madoff. It only took Harry five minutes to realize he was looking at the largest fraud perpetrated in the financial annals of the world.The documentary "Chasing Madoff"', conceived by its director, Jeff Prosserman, and based on the book written by Mr. Markopolos, while trying to clarify the way Mr. Madoff was able to fool everyone, is a dull piece of movie-making. The style the director uses does not add anything to the story that has been told and retold after the scandal broke in 2008. Mr. Markopolos and the other principals keep repeating themselves while the main villain of the story, Bernard Madoff is only a passing thought. Harry Markopolos had reasons to believe his life would be in danger. He became paranoid, expecting his death, or the harming to his family. His reports to the SEC went directly to the waste basket, so he should not have worried unnecessarily. The best thing in the documentary is the appearance of Congressman Gary Ackerman questioning the big shots of the SEC, the people who should have detected the fraud and sat idly by.
raypaquin Read the other reviews. There, you will find two schools of thought; those who rate this documentary ***very*** highly and those who rate is ***very*** poorly. What's going on ? This is, I believe, a microcosm of the United States today where simplistic ideology rules Washington. On one hand, you will find those who argue that more regulation is needed and, on the other hand, those who argue that less regulation is the cure because the bureaucrats in Washington are unable to regulate competently. The facts are that if your local firemen are incompetent, the solution is NOT to eliminate fire-fighters, as some right-wingers argue, but to insure that they are competent. The solution is also NOT to increase the number of firemen, as some left-wingers argue. Essentially, this documentary argues not from the viewpoint of Bernie Madoff's evil, but from the viewpoint of the incompetence of Washington bureaucrats. THAT is the truth.
WillVenture I think Madoff is terrible and did a terrible thing, but this documentary is just horrible. This documentary is NOT about chasing Madoff; it is 95% Markopolos talking about how he feared for his life, always carried fire arms, checked under his minivan for bombs, while he simultaneously tried to make money replicating Madoff's (fake) investment strategy and held meetings where he tried to steal clients away from Madoff using similar (apparently legitimate) investment strategies. Most of the other 5% is comprised of flash-cuts to dead gangsters, funeral processions, and guns - in a melodramatic yet unbelievable ploy to convince us that his life was at risk (which apparently was all in Markopolis's head and never shown to be even close to true). This doc is totally over-the-top and makes Markopolos look like a paranoid loser who really really really wants people to think he is a bad-ass former soldier and David to Madoff's Goliath - neither of which are true (other than he was in the Army reserves). He comes across as a man on a mission to bring down Madoff not for the benefit of society or Madoff's victims, but to gain notoriety, fame, and hopefully fortune. He states that he was scared for his life and for his family, yet he kept making babies during his entire crusade. Would someone who was really scared for his family seriously keep creating new members to have to protect?? This doc is the equivalent of a third-rate desk jockey during the Iraq War telling everyone five years after its over that he was Rambo and lead a small band of special forces soldiers that brought down Sadam with no help from others. I thought I was going to watch a doc about Madoff's fall from grace; instead I watched 1.5 hours of a paranoid, melodramatic, hypocritical, armchair quarterback trying to convince the world how awesome he is. What a waste of time.