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| Madoff Says He Pulled Off Fraud Scheme Because Feds Weren't Watching |
| By foxnews.com |
| Published: 07/29/2009 |
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In an extraordinary 4½-hour interview from behind bars, convicted Ponzi schemer Bernie Madoff told a San Francisco trial lawyer yesterday that he got away with his $65 billion scam because regulators weren't paying attention. There were times "that he [Madoff] visited with the SEC ... when he thought, 'They got me,'" the attorney, Joseph Cotchett, told a group of reporters camped outside a federal prison in Butner, NC, where Madoff is serving a 150-year sentence. Cotchett, who represented former CIA agent Valerie Plame against the Bush administration, landed the interview after threatening to sue members of Madoff's family, including his wife, two sons and brother. Armed with two packs of quarters so that Madoff could get food from the prison vending machines, Cotchett and his partner Nancy Fineman grilled Madoff and his attorney about who knew what and when. In order to take the heat off certain members of his family, Madoff "spelled out how the fraud was committed" during the face-to-face session. "He gave us a lot of information that we believe will help us aid the victims tremendously," Cotchett said. "He was very direct and didn't hold back anything." Read More. |
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