Madoff: 'Banks and funds knew what I was doing'

In his first public interview since his arrest in December 2008, Madoff told the New York Times: "The attitude was sort of, ‘If you're doing something wrong, we don't want to know'. Banks and funds were complicit in one form or another. "I'm reading more now about how suspicious they were than I ever realized at the time," he said from the North Caroline jail where is facing a 150-year term. His comments will fuel cases brought against financial institutions by Irving Picard, the trustee fighting to recover money for Madoff's victims. Madoff said he had furnished Picard with "infor...