Before You Watch Madoff: The Quick and Dirty Guide to the Bernie Madoff Scandal

ET was first on the set of ABC's miniseries, Madoff, about the man who pulled off one of the greatest cons in history. Bernie Madoff, currently serving a 150-year prison sentence, defrauded thousands of investors out of nearly $65 billion in the

Madoff's Ponzi scheme ultimately led to a loss of nearly $65 billion. His company was multifaceted, but it was the advisory and wealth management component of Bernard L. Madoff Investment Securities LLC that was shouldering the Ponzi scheme.

Madoff, based on Bryan Ross' 2009 book The Madoff Chronicles, is the first of two TV movies about the same white-collar crook. The second — The Wizard Of Lies, adapted from Diane Henriques' book of the same name — stars Robert De Niro and will air on 

Dreyfuss, who plays this rapacious investment guru in ABC's miniseries "Madoff" (airing Wednesday and Thursday at 8 p.m. EST), isn't about to plead Bernie's case. "But actors don't only play people they approve of," says the Oscar-winning actor who for 

Madoff feels padded, but also warped with artificial cliffhangers, corny ad-break musical stings, cheap attempts to add thriller elements and an ending that lurches across nearly half of the second night. Still, working from ABC News correspondent