The New York Times
Tue, February 15, 2011 -----
The New York Times-From Prison, Bernard L. Madoff Says Banks ' Had to Know' About His Fraud
From Prison, Bernard L. Madoff Says Banks 'Had to Know' About Fraud
Bernard L. Madoff said he never thought that the collapse of
his Ponzi scheme would bring down the sort of destruction on
his family that has occurred.
In his first interview for publication since his arrest in
December 2008, Mr. Madoff -- looking noticeably thinner and
rumpled in khaki prison garb -- continued to maintain that
family members knew nothing about his crimes.
But he asserted during a private two-hour interview in a
visitor room, and in earlier e-mail exchanges, that
unidentified banks and hedge funds were somehow "complicit"
in his elaborate fraud, an about-face from earlier claims
that he was the only person who knew.
Read More:
http://www.nytimes.com/2011/02/16/business...
Bernard L. Madoff said he never thought that the collapse of
his Ponzi scheme would bring down the sort of destruction on
his family that has occurred.
In his first interview for publication since his arrest in
December 2008, Mr. Madoff -- looking noticeably thinner and
rumpled in khaki prison garb -- continued to maintain that
family members knew nothing about his crimes.
But he asserted during a private two-hour interview in a
visitor room, and in earlier e-mail exchanges, that
unidentified banks and hedge funds were somehow "complicit"
in his elaborate fraud, an about-face from earlier claims
that he was the only person who knew.
Read More:
http://www.nytimes.com/2011/02/16/business...
Yeah. I think someone else knew too. To me, it was too deep for others to not have known. Regulators went to sleep on the job on several fronts over the last few years, but they appear to have awaken since 2007.
Denise Turney
Author - Long Walk Up
Off The Shelf Radio
www.chistell.com