there are new details about what may beat largest swindle in wall street history. an alleged $50 billion ponzi scheme by former nasdaq chairman, bernard madoff. >> what would you say to them? >> when you have a collapse on wall street, i always thing of it as the the water going out of a lake or see the roots of the trees, ugly stuff that gets caught in them including dead body. that's huh i feel like the water went down, so much. and everybody was like, that's bernie madoff down there. >> a wall street whiz with a golden reputation. bernie madoff earned trust from many clients because he made them money. lots of it. or so they thought. bernie madoff was a modern day dr. jekyll and mr. hyde hyde. he had a legitimate life.