tagged articles with: banks

Madoff: Banks 'had to know' about scheme

Madoff: Banks 'had to know' about scheme

CNN - World Issues el Wed, Feb 16th 2011

Convicted Ponzi schemer Bernard Madoff, in a jailhouse interview published Wednesday, said banks and hedge funds were "complicit" in his multi-billion dollar fraud."They had to know," Madoff told New York Times reporter Diana B. Henriques, who is working on a book about the case. "But the attitude was sort of, 'If you're doing something wrong, we don't want to know.' "