Despite evidence to the contrary, the folks at JPMorgan Chase have denied knowing anything at all about Bernie Madoff's multi-billion dollar Ponzi scheme. But in a new interview, the scam artist says that senior Chase execs weren't exactly in the dark about what he was doing.
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1 comment:
it's the wealthy and powerful protecting their own. Over billion dollars and 15-20% returns when everyone else was getting 2-3% (or less) or LOSING money!? And no one but Madoff had a clue that something fishy was going on?? Our government make banks SECRETLY report on citizen who do transactions that exceed $10,000 or are "suspicious". he played with BILIONS and no one saw, heard, or suspected ANYTHING? The government knew and so did the bankers and investment firms. and where did all that money go? PLEASE don't say he spent it. You have any idea how hard it is to spent even 100 million, much less a billion dollars?? A lot more people than just Madoff should be in prison (but they won't).
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