TV News LIES

Sunday, May 27th

Last update05:20:13 AM GMT

You are here News Economy Bernie Madoff: 'The Banks Had To Know What I Was Doing'

Bernie Madoff: 'The Banks Had To Know What I Was Doing'

E-mail Print PDF

Bernie MadoffMadoff, who was sentenced to 150 years in prison in 2009 for his multi-billion dollar scheme, has made this claim before. He told The New York Times in an interview from prison in 2011 that the banks "had to know" he was committing fraud, but chose to turn a blind eye.

Madoff had dealings with a variety of banks and hedge funds, and burned Madoff investors have tried to recoup funds from some of them. Madoff held an account at JPMorgan Chase that he used to shuffle money between offices in London and New York. In 2011, two Madoff investors sued the bank for $19 million, claiming they aided in his fraud, according to CNN. At the time, a JPMorgan spokesman dismissed the lawsuit as “meritless.”

More...

Most Recent Related Stories...


More than 1,000 economists warn Trump his trade views echo 1930s errors

More than 100 economists warn Trump about trade policy Over a thousand economists have written to Donald Trump warning his “economic protectionism” and tough rhetoric...

China's Xi renews vow to open economy, cut tariffs as U.S. trade row deepens

China's Xi vows to open eonomy, cut tariffsChinese President Xi Jinping promised on Tuesday to open the country’s economy further and lower import...

Wells Fargo slammed with $1B fine

Wells Fargo Federal regulators slapped Wells Fargo with a $1 billion fine on Friday over customer abuses in...

Richest 1% on target to own two-thirds of all wealth by 2030

Richest 1% on target to own 2/3 of world's wealth by 2030 The world’s richest 1% are on course to control as much as two-thirds of the world’s...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!