Banks ‘had to know’ of his fraud, inmate Madoff says

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BUTNER, N.C. – Bernard Madoff said he never thought the collapse of his Ponzi scheme would cause the sort of destruction that has befallen his family. In his first interview for publication since his arrest in December 2008, Madoff maintained that family members knew nothing about his crimes. But during a private two-hour interview in a prison visitor room here yesterday, and in earlier e-mail exchanges, he asserted that unidentified banks and hedge funds were somehow “complicit” in his elaborate fraud, an about-face from earlier claims that he was…

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Banks ‘had to know’ of his fraud, inmate Madoff says

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

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