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HomeBernie Madoff Targets Banks and Hedge Funds: “They Had to Know”
Posted by Larry Doyle on February 16th, 2011 7:04 AM |
Bernie Madoff deserves zero sympathy and less attention. On the other hand, those seriously impacted by his crimes deserve not only sympathy but also recompense. Irving Picard, the trustee pursuing that recompense on behalf of Madoff investors, is making some high profile claims and has generated substantial results. That said, selected Madoff investors have informed me that they give Picard very mixed reviews.
While Bernie rots away, he did speak out recently and slightly opened the window into his scheme. In the process, Madoff made an assertion that I think anybody with half a brain would have already assumed. The New York Times reports, From Prison, Madoff Says Banks ‘Had to Know’ of Fraud: (more…)
