Bernard Madoff claims banks 'chose to ignore con'

Madoff with the MoneyBernard Madoff claims banks 'chose to ignore con' | This is Money: "Jailed swindler Bernard Madoff has accused banks and hedge funds of being 'complicit' in his elaborate Ponzi scheme that robbed investors of more than $20bn (£12.5bn).



Swindle: Bernard Madoff paid clients out of funds from new investors

He said firms who had dealings with his investment company 'had to know' that there was something wrong but chose not to examine discrepancies between the regulatory filings and other information.
He said 'the attitude was sort of 'If you're doing something wrong, we don't want to know'.'

His comments, in an interview with The New York Times, will be seized upon by firms and investors who are trying to sue banks and investment funds who had dealings with Madoff and his $65bn (£40bn) investment scheme."

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