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Madoff says banks had to know of Ponzi scheme: report

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.

Sections:  news   u.s.   business   
Topics:  banks   bernard madoff   hedge funds   ponzi scheme   
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