Madoff Says Banks Had To Know Of Ponzi Scheme: Report

Reuters: Top News, Reuters
Tue, 02/15/2011 - 8:14pm

NEW YORK (Reuters) - A frail Bernard Madoff, facing the rest of his life in prison, said a variety of banks and hedge funds were complicit in and "had to know" about his epic Ponzi scheme before it was uncovered, The New York Times reported.

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Topics: banks bernard madoff hedge funds ponzi scheme

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