Robert De Niro is set to tackle the role of a lifetime as one of the most hated men in America, Bernie Madoff, in an upcoming biopic based on the book, Truth and Consequences: Life Inside the Madoff Family.

De Niro will star as the former Wall St financial expert who swindled investors out of an estimated $50bn with a Ponzi scheme. Madoff's family have completely disowned him after the scandal broke loose and he was sentenced to 150 years in jail.

The biography will serve as the basis for the film, which was written by Laurie Sandell and describes the Madoff's downfall and arrest over four years ago.