A first class, four part documentary series has been put on Netflix that does a superbly informative, engaging and entertaining job of exposing what the Madoff scandal was really all about, and who, apart from Madoff himself, was to blame.

Here’s the Wikipedia description of the series:

Madoff: The Monster of Wall Street is a 2023 American true crime documentary series directed by Joe Berlinger and based in part on the 2021 book Madoff Talks by Jim Campbell. The four-part series was produced by Radical Media in association with Third Eye Motion Picture Company for the streaming service Netflix and released in its entirety on January 4, 2023. It details how Bernie Madoff rose to power and, using former employees, investigators, journalists, victims, whistleblowers, and Madoff video depositions, unpacks the world’s biggest Ponzi scheme while also laying blame on the many who saw an abundance of red flags but decided to shrug them off and look the other way.

It’s that last point, about the ‘many who saw an abundance of red flags but decided to shrug them off and look the other way’ that makes the Madoff story of enormous interest and relevance to the Transparency Task Force. The series exposes very well the catastrophic regulatory failure around Madoff; an issue many members will be able to recognise and relate to.

Wikipedia describes the issue thus:

While discussing the documentary series in an interview with journalist Hari Sreenivasan on the American global affairs television program Amanpour & Company, Berlinger stated, “[W]hat I really wanted to emphasize is the utter failure of the regulators.”