Disgraced Wall Street financier Bernard Madoff said in an interview that banks and hedge funds were — Transcript

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1. 0:00Bernard mid off has put himself back on
2. 0:02the front page the record setting Ponzi
3. 0:04schemer serving a 150-year sentence for
4. 0:06fraud gave a two-hour jailhouse
5. 0:08interview to a New York Times Reporter
6. 0:10mid off said the banks and big hedge
7. 0:12funds he worked with had to know what he
8. 0:14was up to the evidence was there in the
9. 0:16discrepancies between what he told
10. 0:18Federal regulators and what he told the
11. 0:20banks it's nothing new says attorney
12. 0:22Brad Freedman who represents more than a
13. 0:24100 made off victims we have been
14. 0:26alleging for two years now in a variety
15. 0:28of derivative litigations pending
16. 0:30predominantly in New York state that the
17. 0:32banks knew or should have known uh and
18. 0:36that other hedge funds actually even
19. 0:38more to the point uh knew or should have
20. 0:41known and had access to information the
21. 0:43times isn't the only entity talking to
22. 0:45Mid off Irving peard the bankruptcy
23. 0:47trustee charged with getting victims
24. 0:49money back has interviewed him as well
25. 0:51and Bradley Simon a former Federal
26. 0:53prosecutor now in private practice says
27. 0:55the federal government ought a visit
28. 0:56made off too the government if the the
29. 0:59justice Department if they weren't so
30. 1:01concerned about public relations and so
31. 1:04afraid to be perceived of giving him a
32. 1:06deal they ought to be using him too to
33. 1:08make cases so far cases have been made
34. 1:11against only a handful of former maid
35. 1:13off Associates in the times interview
36. 1:15maid off doesn't identify any of the
37. 1:17banks he considers complicit the trustee
38. 1:19has a $6.4 billion lawsuit against JP
39. 1:22Morgan Chase the bank says it was under
40. 1:24no legal obligation to sniff out the
41. 1:26made off fraud moff did give the times
42. 1:29one bit of person information when his
43. 1:3146-year-old son Mark killed himself in
44. 1:34December he says it was prison
45. 1:35authorities who told him he would not be
46. 1:37allowed to attend the funeral Warren
47. 1:39levenson the Associated Press New
48. 1:58York