Bernie Madoff

Bernie Madoff plans to “amplify his contention that the big banks he did business with knew what he was up to” FOX Business Network’s (FBN) Adam Shapiro reports. In an e-mail to FOX Business, Madoff says the banks were “complicit” with his crime and that he is “offering this information to the appropriate governmental committees in the hope that this information will prove helpful in future regulation of the appropriate institutions.”

On Madoff’s claims that the big banks were complicit with his crime:

“Jailed Ponzi schemer Bernard Madoff plans to amplify his contention, possibly in testimony before Congress, that the big banks he did business with – J.P. Morgan Chase (JPM), Bank of New York Mellon (BK), Citigroup (C) and HSBC Group (HBC), among others – knew what he was up to. The banks have repeatedly and vehemently denied this contention, but in an e-mail to FOX Business reporter Adam Shapiro Tuesday, Madoff said he plans to offer specific information to Congressional committees investigating both his crimes and possible complicity on the part of Madoff’s banking partners. Madoff said he has offered Irving Picard, the court-appointed bankruptcy trustee who has pored over Madoff’s finances since the scheme collapsed in late 2008, information that would prove his assertion, but the trustee has so far ignored Madoff’s efforts.”

Full text of e-mail from Madoff to FBN:

“From my first interview to the media I have said that ‘the banks must have known’, and were complicit and contributing to my crime. Although I have offered the bankruptcy TRUSTEE (sic) the information that I possessed that would demonstrate in detail their complicit behavior of banks like JPMorgan Chase & Co. (NYSE:JPM),  The Bank of New York Mellon Corporation (NYSE:BK), HSBC Holdings plc (NYSE:HBC), Citigroup Inc. (NYSE:C) and others. The Trustee seems unwilling to act on my offer. Therefor (sic) I am offering this information to the appropriate governmental committees in the hope that this information will prove helpful in future regulation of the appropriate institutions.”


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