![Planet Money show](https://d3dthqtvwic6y7.cloudfront.net/podcast-covers/000/026/080/small/npr-planet-money.jpg)
Summary: New York investment manager Bernard Madoff stands accused in a $50 billion Ponzi scheme at his firm. As Felix Salmon of Portfolio explains, Madoff wasn't running a hedge fund. But in hindsight, things might have turned out better that way.
Summary: New York investment manager Bernard Madoff stands accused in a $50 billion Ponzi scheme at his firm. As Felix Salmon of Portfolio explains, Madoff wasn't running a hedge fund. But in hindsight, things might have turned out better that way.