Madoff Claims Banks “Didn’t Want to Know”

The first interview with Bernie Madoff since his arrest in December 2008 hit the press yesterday in a New York Times article . During the interview, Madoff claimed that the banks had an attitude of “if you are doing something wrong, we don’t want to know about it.” He stated that the banks were complicit in the fraud by maintaining a “willful blindness” to obvious discrepancies in his reporting. His focus during the interview stayed on the wrong-doing of the banks and defrayed his own guilt by claiming investors had made significant real gains beyond what they could have earned elsewhere before any of the fraudulent activity even began.

More on the interview here: Huffington Post

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Madoff Claims Banks “Didn’t Want to Know”

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