HBO's Wizard of Lies sheds light on the story and catastrophic consequences of the largest Ponzi scheme fraud ever carried out by Bernard Madoff, who defrauded his investors of as much as US$64.9 billion from 1991 to the end of 2008 and was sentenced to 150 years in prison for this years ago. In the film, the fallen stockbroker, financier, economist and banker is played by Robert De Niro.
The movie Wizard of Lies (2017) takes us behind the scenes of one of the biggest financial scams in history and the biggest in the US, which was based on ponzi schemes. It is a system where money from new investors in the money chain is used to pay off old investors and collapses when there are no more new money inflows. Financial pyramid was named after an Italian immigrant To Charles A. Ponzi, who promised investors in his business 50% returns in 45 days or even doubling the deposit in 90 days. Today, the ponzi scheme is synonymous with financial structures on shaky foundations.
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In the shoes of a financial fraudster Bernard Madoff he stepped Robert De Niro, while his wife Ruth Madoff played Michelle Pfeiffer. In the film, we get to know the background of the fraud, and we also get to know his family, from whom he kept everything a secret 16 years.
Gallery - highlights from the film The Wizard of Lies (2017):
Drama
The Wizard of Lies
(USA, 2017)
Direction: Barry Levinson. They play: Robert De Niro, Michelle Pfeiffer, Alessandro Nivola, Hank Azaria, Nathan Darrow, Sydney Gayle, Lily Rabe, Kristen Connolly, Kathrine Narducci, Steve Coulter, Diana B. Henriques.
On HBO May 20, 2017.
