Madoff: Banks ‘Had to Know’ About My Scheme

How did Bernie Madoff pull off such a massive Ponzi scheme under the noses of the banks and hedge funds he dealt with? Simple, he says. They knew he was a fraud. “They had to know,” Madoff tells the New York Times in his first interview since being sent to…

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Madoff: Banks ‘Had to Know’ About My Scheme

Posted by on February 16, 2011. Filed under News, World News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry