Bitcoin is the world's leading virtual currency, but unlike real money, it is not backed by a government or properly regulated. Bitcoin is exchanged and held digitally by users - which is attractive to criminals selling drugs, pornography and arms. But now Bitcoin is moving into the mainstream and being openly marketed as an investment opportunity. The film investigates what Bitcoin is and what it means, going inside a Bitcoin mine in Iceland - where currency is made - and spending time with the Bitcoin millionaires of Silicon Valley. The programme also hears from others who have been scammed out of their life savings and investors who think the cryptocurrency is an enormous scam and that the writing is on the wall. Around the world, authorities are sounding the alarm that Bitcoin is too risky - is it too late, or too crazy, to try to become a Bitcoin millionaire?
Trade, and in particular trade in luxury goods, drove the commerce economies of the Bronze Age. This is the time when the first super powers in history, Egypt and Mesopotamia, emerge and dominate the 'world' stage of the Mediterranean and Aegean seas and surrounding areas.
This TV series delves into the rise and fall of Bernie Madoff, the man behind the largest fraud in US history. With his Ponzi scheme, Madoff bilked $65 billion from unsuspecting victims, marking one of the greatest cons in the history of investment banking. The series offers an intriguing look into the mind of this monumental swindler. In the first episode we will see how Bernie Madoff starts his career in penny stock trades and builds a lucrative side business as an adviser, attracting clients with impressive returns.
Nintendo was like an impossibly huge wall. But if Mario was the undisputed king, an underdog was about to declare war. For Japanese game maker Sega, mainly known for its arcade cabinets, the battle was about winning the home console market. Sega's Genesis console and its speedy character, Sonic, hit the market. In the early '80s, sports video games existed, but they didn't really look real. And one visionary entrepreneur had already started tackling the challenge of taking sports from the stadium onto the screen. Electronic Arts kicks off a partnership with football legend John Madden.
In the final episode, we hear how employees on the 17th floor were rewarded, and we see Madoff's $65 billion Ponzi scheme quickly collapses as investors begin to withdraw their money during the 2008 Financial Crisis. We see how Madoff's sons attempt to stop their father from writing bonus cheques for long-time investors, faithful employees, and extended family to help cushion the blow. Madoff confesses to the Ponzi scheme, and the FBI arrests him. After pleading guilty, Madoff is sentenced to 150 years in prison. Two years after learning of the Ponzi scheme, his eldest son Mark is found hanging from a pipe, dead of an apparent suicide. His other son dies of lymphoma six years later.
In the second episode, we see the stark differences between the modern and pristine operation on the 19th floor of the Lipstick Building and what was transpiring on the relic and shopworn 17th floor, where Madoff was running his investment advisory business and where most of the fraud was orchestrated, and from where Madoff's empire branched into the hedge fund business, which began drawing unwanted scrutiny. In his disposition, Madoff confirms the names of four significant investors, including Jeffry Picower, a shadowy and long-time client, dating back 30 years. Although Madoff never confronted Picower or discussed the matter with him, it was suspected he knew what was going on and, because of this, had the power to torment and extort Madoff while profiting substantially from his Ponzi scheme.
The programme also hears from others who have been scammed out of their life savings and investors who think the cryptocurrency is an enormous scam and that the writing is on the wall. Around the world, authorities are sounding the alarm that Bitcoin is too risky - is it too late, or too crazy, to try to become a Bitcoin millionaire?