Bernie Madoff

February 16, 2011 by staff 

Bernie Madoff, Diana Henriques of what might have been the most explosive interview of this year interviewed Bernie Madoff recently. In the interview Madoff denied that Fred Wilpon partners and Saul Katz knew nothing Madoff shenanigans, “They knew nothing. They knew nothing.” He said again. The partners have always denied knowledge of the Ponzi scheme – even though they said it seemed too good to be true, they did not have actual knowledge of the plan in its stead.

So who knows? When asked about the banks and many hedge funds of knowledge Madoff Ponzi scheme he replied, “They had to know. But the attitude was sort of,” If you do something wrong, we do not know. ”

He did not even banks or hedge funds – we wonder if we’ll have to spill the beans under oath later. Madoff currently serving a sentence of 150 years. New York Times described as “fragile and somewhat agitated compared with stoic calmness he maintained before his incarceration in 2009.” They conclude that it might have something to do with the suicide of her son Mark in December.

Bernie Madoff deserves little sympathy and attention. That said, those who are seriously affected by his crimes deserve no sympathy but also reward. Irving Picard, the trustee continues this award on behalf of investors Madoff, made some requests for high and has generated substantial results. That said, some investors Madoff informed me that they give very mixed reviews Picard.

While Bernie is rotting, he talked recently and slightly opens the window in his regime. In the process, Madoff has made a statement that I think anyone with half a brain would have already taken. The New York Times, the jail, Madoff said Banks had knowledge “of fraud,

In his first interview since the publication of his arrest in December 2008, Mr. Madoff – looking much slimmer and rumpled khaki prison garb – has argued that family members knew nothing of his crimes.

But during a private meeting for two hours in a classroom visitor here Tuesday, and exchange e-mail earlier, he said the unidentified banks and hedge funds have been somehow “complicit” in developed his fraud, an about-face earlier claims that he was the only person involved.

In many respects, however, Mr. Madoff seemed unchanged. He spoke with great intensity and ease its relations with the various banks and hedge funds, showing their “willful blindness” and their inability to examine the contradictions between his statements and other regulatory information available to them.

“They had to know,” said Madoff. “But the attitude was sort of,” If you do something wrong, we do not know. ”

I have no doubt that Wall Street banks and a variety of hedge funds knew, should have known, or would not know what really transpired in the operation of Madoff.

Rightist Madoff, Frank DiPascali, and his accountant, David Friehling, have since pleaded guilty to an investigation that has yet to fully solve the crime or compensate for some 16,000 direct victims.

Even the amount of money stolen remains elusive Madoff initially claimed to have been the management and 65 billion, but in October, the liquidator appointed by the court stated that the actual net income was $ 21.2 billion in losses and cash.

Times reporter Diana Henriques Madoff interviewed in a classroom visitor to the federal prison in Butner, North Carolina.

Maintenance and earlier email correspondence with Madoff were conducted as part of her research for a forthcoming book on the scandal. “The Wizard of Lies: Bernie Madoff and death of the trust” is scheduled to be released this spring.


Report to Team

Please feel free to send if you have any questions regarding this post , you can contact on

Disclaimer: The views expressed on this site are that of the authors and not necessarily that of U.S.S.POST.


Comments are closed.