From The Washington Post:
When Bernie Madoff was a sophomore in high school, he stood up in English class and lied.
Madoff and his classmates were each supposed to read a book and make an oral report in class, but Bernie, an average student at New York City's Far Rockaway High in the early 1950s, hadn't gotten around to it. So when the teacher called on him, Bernie announced that he would cover “Hunting and Fishing” by Peter Gunn and proceeded to fabricate a detailed account of the nonexistent book. When asked to produce the book, Madoff turned deceit into virtue. He didn't have it, he explained — he'd already returned it to the library.