Behind the Scenes of the Madoff Scandal with a Trader on the Inside | Andrew Cohen

In this episode of Excess Returns, Matt Zeigler sits down with Andrew Cohen, who shares his extraordinary journey from Goldman Sachs trader to working directly with Bernie Madoff and ultimately becoming a victim of history's largest Ponzi scheme. Now a respected finance professor, Cohen offers unique insights into Wall Street's trading culture, the shock of Madoff's fraud, and how he rebuilt his life in academia after losing almost everything.Topics Covered:Andrew's early career at Goldman Sachs and how basketball gambling on the trading floor taught him market-making skillsThe trading operations and technology at Bernard L. Madoff Investment Securities in the early 1990sWorking dynamics with Bernie Madoff's sons, Mark and Andy, and office politicsHow Andrew was invited to invest in Madoff's "exclusive" fundAndrew's decision to leave Wall Street at the height of his successThe devastating moment Andrew learned about Madoff's arrest and the Ponzi schemeThe additional ordeal of facing clawback lawsuits after losing his investmentTransitioning to academia and finding a more fulfilling career pathLessons for investors and finance students about risk, technology, and communication

There are no comments yet.

Please log in to write the first comment.