CarlAn - Garatujar. Com tecnologia do Blogger.
16.2.11

postheadericon Madoff says banks had to know of Ponzi scheme: report


Ponzi | Bernard Madoff

(Reuters) - A frail Bernard Madoff, facing the rest of his life in prison, said a variety of banks and hedge funds were complicit in and "had to know" about his epic Ponzi scheme before it was uncovered, The New York Times reported.

In his first interview for publication since his December 2008 arrest, Madoff said banks and hedge funds who dealt with his investment advisory firm demonstrated a "willful blindness" toward his activities, and failed to examine discrepancies between his regulatory filings and other information.

"They had to know," Madoff, described as noticeably thinner and dressed in khaki prison clothing, said in a visiting room in the federal prison in Butner, North Carolina. "But the attitude was sort of, 'If you're doing something wrong, we don't want to know.'"

Madoff, 72, is serving a 150-year prison sentence for what prosecutors called his $65 billion Ponzi scheme, which was uncovered in December 2008.

Irving Picard, a court-appointed trustee seeking money for Madoff victims, has filed lawsuits seeking tens of billions of dollars from companies and individuals he believes benefited from or aided in Madoff's Ponzi scheme.

NO EXCUSES

Among the defendants in these cases is JPMorgan Chase & Co, long Madoff's principal banker and described by Picard as "thoroughly complicit" in the Ponzi scheme.

Other defendants include HSBC Holdings Plc, UBS AG, various "feeder funds" that steered money to Madoff, and the owners of the New York Mets baseball team.

A spokesman for Picard did not immediately return a request for comment. Picard declined to comment to the newspaper. He has recovered about $10 billion for victims so far.

Stephen Cutler, JPMorgan's general counsel, at a presentation on Tuesday said Picard "overreached" in his $6.4 billion lawsuit against the bank, and that JPMorgan "did not know about or in any way participate in the fraud."

In the Times interview, conducted in conjunction with a forthcoming book, Madoff acknowledged his guilt and said nothing could excuse his crimes.

He did not assert that any specific bank or hedge fund knew about or was an accomplice in his Ponzi scheme, which Picard said cost investors more than $20 billion.

METS EXECUTIVES DIDN'T KNOW, MADOFF SAYS

But in a December 19 email cited in the Times article, Madoff said he had been providing Picard with "information I knew would be instrumental in recovering assets from those people complicit in the mess I put myself into."

Then, 10 days later, he said "the banks and funds were complicit in one form or another and my information to Picard when he was here established this."

As to Mets principals Fred Wilpon and his brother-in-law Saul Katz, Madoff said: "They knew nothing. They knew nothing."

In the December 19 email, Madoff also said he had not shared his information with federal prosecutors working on criminal cases related to the fraud.

Eight people have been criminally charged. Madoff, his right hand man Frank DiPascali, and an outside accountant have pleaded guilty. Five, all of whom used to work for Madoff, have pleaded not guilty.

Madoff also told the Times he never thought the collapse of his Ponzi scheme would cause the kind of fallout that has befallen his family.

Picard has filed lawsuits against Madoff's wife, Ruth, that could bankrupt her, while Madoff's son Mark committed suicide on December 11, 2010, two years after the Ponzi scheme was revealed.

Madoff said prison officials would not let him attend his son's funeral, saying it could pose a "public safety issue." He later said it would be "cruel" to put his family through what could be a "media circus" were he to attend.

Reuters, NEW YORK | By Jonathan Stempel Tue Feb 15, 2011 10:14pm EST
(Reporting by Jonathan Stempel in New York; Additional reporting by Clare Baldwin; Editing by Gary Hill)

0 comentários:

FacebooK

Related Posts Plugin for WordPress, Blogger...

Google+ Followers

Ocorreu um erro neste dispositivo

Posts mais vistos

Ocorreu um erro neste dispositivo

800ISO no Facebook

Troca de Livros no Facebook

garatujar

verbo no Infinitivo pessoal

do It. grattugiare, esfarelar com ralo

v. tr. e int.,
cobrir com garatujas;
fazer garatujas;
rabiscar.
Gerúndio - garatujando

"Foi o tempo que dedicaste à tua rosa que fez tua rosa tão importante." -- Antoine de St. Exupery (in "O princepezinho")

para pensar...

"...sob certas condições, os capitalistas privados inevitavelmente controlam, directa ou indirectamente, as principais fontes de informação (imprensa, rádio, educação). É então extremamente difícil, e na maior parte dos casos na verdade quase impossível, para o cidadão individual chegar a conclusões objectivas".

Albert Einstein, 1949

________________________________
«Uma revolução pode mudar as instituições, mas em nada alterou o carácter dos homens. Eles continuarão a ser o que eram: perversos e imbecis.»

Carlos da Maia, um dos oficiais da Armada no 5 de Outubro, em carta ao político republicano João Chagas, Junho de 1911
" Estamos perdidos há muito tempo... O país perdeu a inteligência e a consciência moral. Os costumes estão dissolvidos, as consciências em debandada. Os caracteres corrompidos (...) Ninguém crê na honestidade dos homens políticos."
EÇA DE QUEIROZ

Não quero garatujar mais a cidade. A cidade já é diferente com tanto verde-azeitona e tanta varanda caída. Tantas vedações e instruções, tantas palavras de ordem que os cartazes políticos nos recomendam. Nada disso. Nem mais uma ordem, nem mais um só homem a mandar na minha vida.

Todos se van (Diários de Havana), Wendy Guerra 2006


Amorim acusado de evasão fiscal

O Plano Nacional de Barragens

Isaltino pode não cumprir pena

BBC esplica a crise na Europa

"Gosto muito de te ver Coelhinho"

tags

Sócrates Vídeo Face oculta PS PT Wikileaks Cavaco Silva google TVI Facebook Madeira Portugal Rui Pedro Soares divida da republica video YouTube humor Moody's Temporal Saúde banca BPN EDP Funchal Luís Figo Twitter ASAE BCP Bolsa Corrupção Mário Soares Paulo Penedos vídeo humor Bush Comissão de Ética Justiça Marinho Pinto News PSD SNS Solidariedade Social short-selling Ana Sofia Cuba DESIGUALDADES Durão Barroso FMI Fernando Nobre Fidel Castro Free Download Galp Google Buzz Gripe A Internet Iraque Julian Assange Manuel Alegre Mário Crespo Publico Ricardo Rodrigues Tiago Caiado Guerreiro Vaticano Vieira da Silva escutas iPad iPhone rating português AMI Ana Gomes BdP CERN CMVM Chávez DECO Demagogias Felícia Cabrita Google Earth H1N1 Hospital Amadora-Sintra Islandia vulcão Jorge Coelho Jornal de sexta João Cravinho Maddie Microsoft Mirrors OMS Oeiras PEC Pablo Picasso Paulo Rangel Saúde EUA Tablet Vítor Constâncio Zeinal Bava firefox openleaks remuneração de administradores transportes públicos (H1N1) BES Barack Obama Berlusconi Blindness Catarina Furtado Che Chomsky Dawkins Dire Straits Elton Elvis Entre-os-Rios Eric Clapton Esmeralda Euro 2012 FPF Farmville Festival de Veneza Francisco George Gonçalo Amaral Google Sky Greenpeace Gripe Guevara Hugo Chávez Jorge Batista José Penedos José Saramago João Soares Juan Carlos Laura Torrisi Lei do Financiamento Partidário Luís Montenegro MP3 Madeleine McCann Manuela M. Guedes Mapa mundo Maria José Morgado Mario Lino McCann Mercosul Michael Jackson Naide Gomes Nobel da Paz PSP PT/TVI Paul Pfizer Pirelli Portugal Telecom (PT) Potts Presley Radio Nowhere Ramos Horta Richard Rihanna SEDES SOL Segurança Social Setúbal Sporting Star Tracking Sting TIME Teixeira dos Santos The Police UNICEF Viagens Virgil Wikiscanner Yahoo dinossauros discriminações iPod jornal sexta obstetra pobreza infantil raio-x sandes slideshow template ucrania

Últimos 30 dias

Blog Archive

Arquivo do garatujar

Quintas com Livros

Outros Garatujadores

Ocorreu um erro neste dispositivo

Público

Siga o Blog por Email