Part 8/12:
The 2008 financial crisis prompted mass withdrawal requests, as investors wanted their money back. Unable to garner the funds, Madoff confessed to his sons, resulting in his arrest. The fallout affected thousands—from retirees to large institutions—and led to Madoff receiving a 150-year prison sentence, reinforcing the notion that if something seems too good to be true, it often is.
The Rise and Fall of Elizabeth Holmes
Venturing into Silicon Valley, we encounter Elizabeth Holmes, founder of Theranos, who aimed to revolutionize medical testing but instead crafted one of the tech industry's biggest frauds. Claiming her device, "The Edison," could conduct extensive blood tests with just a drop of blood, Holmes captured the imagination and investments of industry giants.