“Bernard Madoff, speaking out from prison, says the banks knew of his Ponzi scheme all along. The perpetrator of a history-making $50 billion Ponzi scheme wrote in a letter to MarketWatch from jail that he is now telling government committees the story.
Madoff: “From my first interview to the media I have said that ‘the banks must have known,’ and were complicit and contributing to my crime.”
In the emailed letter, he pointed to J.P. Morgan Chase & Co. JPM -0.27%, Bank of New York Mellon Corp. BK -0.04%, HSBC Holdings PLC HBC +0.83% and Citigroup Inc.C -0.32% as having access to information about his scam. He added that other banks also knew.
Madoff wrote that “the trustee seems unwilling to act on my offer” to help and is therefore “offering this information to the appropriate governmental committees in the hope that this information will prove helpful in future regulation of the appropriate institutions.”
The House Financial Services Committee and the Senate Banking Committee had no immediate comment on whether they had received information from Madoff. A spokesman for the Office of the Comptroller of the Currency declined to comment, and a spokesman for the Treasury Inspector General’s office did not return calls from MarketWatch….”
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everyone in jail is innocent bernie.we just gave ya three meals and a cot because we like you. another good laugh.