Madoff says banks “had to know” what he was up to

In his first interview for publication since his arrest and incarceration, Bernard Madoff tells the New York Times that various banks and hedge funds “had to know” about his fraud. “But the attitude was sort of, ‘If you’re doing something wrong, we don’t want to know.’ “

Posted by Lawrence Auster at February 16, 2011 10:43 AM | Send