Madoff Victims' Attorney on Jailhouse Interview — Transcript

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1. 0:00uh we flew to North Carolina we were
2. 0:02brought into the prison after checking
3. 0:04in through the metal detectors
4. 0:06everything else and in walk walks this
5. 0:08gray-haired gentleman who looks nothing
6. 0:12like uh his former
7. 0:14photographs he doesn't wear $2,000 suits
8. 0:17anymore he's now in a in a khaki tan
9. 0:20prison uniform he doesn't wear $2,000
10. 0:24Italian shoes anymore he now wears a
11. 0:26pair of uh running shoes he certainly
12. 0:29doesn't have the amenities of his luxury
13. 0:31apartments or homes all over the world
14. 0:34he's in a cell with another uh person he
15. 0:37um he works in the what I want to call
16. 0:42the name plate shop or the sign shop he
17. 0:45works from 8:30 9:00 in the morning
18. 0:48until uh midafternoon he then rests for
19. 0:52a while remember he's 71 years old and I
20. 0:54asked him what he did for exercise and
21. 0:56he told me he walks around the uh track
22. 1:00several times he had
23. 1:01exercise he confided in me that uh he
24. 1:04has high blood pressure his ankles are
25. 1:08swollen uh he looked
26. 1:10gaunt kind of
27. 1:12drawn uh realizing of course that he
28. 1:14knows the rest of his life has spent in
29. 1:16this prison he was very uh
30. 1:19polite very calm but he still had I
31. 1:23believe in talking to him for four and a
32. 1:26half hours a Cockiness or an arrogance
33. 1:29about about him he was very candid in
34. 1:33the sense that he gave me a lot of
35. 1:37facts I now have to verify the facts he
36. 1:40told me because what we're looking for
37. 1:43are those people that either assisted
38. 1:45him or should have stopped him in his
39. 1:49tracks uh years ago based upon what he
40. 1:52told us that starting in about 2000 he
41. 1:55knew to use the old phrase the gig was
42. 1:58up
43. 2:00he knew well first of all he stopped
44. 2:02trading he admitted to me in 1995
45. 2:05somewhere in there mid
46. 2:0790s he knew when he stopped trading it
47. 2:10was only a question a function of math
48. 2:13how much he could he take in and how
49. 2:15much could he pay out it was a classic
50. 2:17Ponzi scheme it is absolutely clear to
51. 2:20me after four and four and a half hours
52. 2:22with Bernie made off that we had a total
53. 2:26failure and a total breakdown of the
54. 2:29regulat process at the very end said to
55. 2:33him
56. 2:34Bernie what is it you'd like to
57. 2:36communicate to all of the victims we
58. 2:39represent he thought for a moment leaned
59. 2:42forward and said I'm
60. 2:45sorry as if that word meant anything to
61. 2:49those
62. 2:50victims I looked at him and I thought it
63. 2:52was very
64. 2:53shallow and I don't think he really uh
65. 2:57has thought about the victims at all