60 Minutes Correspondent Steve Kroft got an exclusive interview with attorney Marc Dreier who perpetrated a massive investment fraud. What's fascinating about this case is what Dreier did and the apparent honesty of his interview in revealing exactly how he committed the fraud and why. You can learn some powerful lessons by listening and thinking about this.

Particularly notable is the fact that Dreier ripped off supposedly sophisticated investors: hedge funds! Of course, numerous hedge funds stupidly invested with Bernie Madoff.

Note: you will have to endure a brief commercial at the start of the video.

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Eric Tyson is the only best-selling personal finance author who has an extensive background as an hourly-based financial advisor and who does not accept speaking fees, endorsement deals or fees of any type from companies in the financial services industry or product or service providers recommended in his articles, books and his publications.