Published with permission from Business Insider

Bernie Madoff gave his first prison interview to the NYT’s Diana B. Henriques today.

The big headline-grabber is his claim that banks “had to know” about his fraud, though he doesn’t back that up, or present any details, at least in what’s been published.

The big story, really, is that Madoff gave an interview, and that he emails with Irving Picard (and the author of the story who is writing a book). Earlier this year Picard filed suit against JPMorgan seeking to recover assets.

He says he’s cooperating in terms of locating and tracking down assets, though he’s not doing anything that will get anyone in criminal trouble.

Read the interview in full in the New York Times >

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Bernie Madoff gives first prison interview

Read the interview in full in the New York Times >

Read more at BusinessInsider.com >

Making a difference

A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.