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Subject: Robert De Niro to star as disgraced financier Bernie Madoff

Written By: Philip Eno on 11/07/11 at 3:29 pm

Robert De Niro is to play disgraced financier Bernie Madoff in an HBO movie he will produce, according to reports.

Laurie Sandell's book, Truth and Consequences: Life Inside the Madoff Family, will be used as source material, The Hollywood Reporter says.

Diane Henrique's best seller, The Wizard of Lies: Bernie Madoff and the Death of Trust, will also be used.

Madoff is in prison for fraud in the US after conning £41bn from thousands of investors.

The film will be written by John Burnham Schwartz, who wrote the novel Reservation Road, which was turned into a film in 2007 starring Joaquin Phoenix.

Sandell's book was written with the co-operation of Madoff's son Andrew and other family members.

Andrew and his mother Ruth helped promote the book on TV, including an in-depth interview on CBS programme 60 Minutes.

In 2009, Bernie Madoff admitted defrauding investors through a Ponzi scheme, which paid out using their money rather than any profits.

He said the scheme had been running since the early 1990s.

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