Madoff to NY Times: Banks 'Complicit' in Fraud

Tuesday, 15 Feb 2011 10:55 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

NEW YORK — Disgraced Wall Street financier Bernard Madoff tells a newspaper that banks and hedge funds were "complicit" in his scheme to fleece victims out of billions of dollars.

Madoff told The New York Times in his first interview for publication since his 2008 arrest the financial institutions "were complicit in one form or another." He didn't name any institutions.

A court-appointed trustee seeking to recover money on behalf of Madoff's victims has filed a lawsuit against his primary banker, JPMorgan Chase. The bank denies any wrongdoing.

Madoff also says his family didn't know about his Ponzi scheme.

Madoff spoke to the newspaper through e-mail and during a two-hour interview at a Butner, N.C., federal prison where he's serving a 150-year sentence.

The newspaper's story was published online Tuesday.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

3 States Deny Gay Unions Despite Appellate Rulings

Thursday, 23 Oct 2014 06:21 AM

The writing is on the wall for gay marriage bans in Kansas, Montana and South Carolina after federal appeals courts that . . .

Lawyers: Dallas Hospital Not at Serious Risk Over Ebola Death

Wednesday, 22 Oct 2014 23:27 PM

If they decided to seek more than an apology from Texas Health Presbyterian Hospital, the family of Thomas Eric Duncan,  . . .

Nancy Snyderman, NBC Crew Freed From Ebola Quarantine

Wednesday, 22 Oct 2014 19:47 PM

NBC News' chief medical editor, Dr. Nancy Snyderman, and the rest of her crew have been released from their 21-day Ebola . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved