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Madoff, Caught on Tape, Reveals Ways to Dodge SEC
Published: Wednesday, 9 Sep 2009 | 10:41 PM ET
By: CNBC.com
Convicted swindler Bernard Madoff knew how to deal with pesky Securities and Exchange Commission investigators, and in a 2005 phone conversation caught on tape and obtained by CNBC, he tells associates his secret.
"You know, they ask you a zillion different questions and we look at them sometimes and we laugh, and we say, are you guys writing a book?" he said.
Madoff makes the comments in a conversation with two officials of the Fairfield Greenwich Group, Madoff's largest feeder fund, who were about to be questioned by investigators about their firm's relationship with Madoff.
"These guys work for five years at the commission, then they become a compliance manager for a hedge fund now," Madoff says of SEC staffers.
...
http://www.cnbc.com/id/32767249
Madoff, Caught on Tape, Reveals Ways to Dodge SEC
Published: Wednesday, 9 Sep 2009 | 10:41 PM ET
By: CNBC.com
Convicted swindler Bernard Madoff knew how to deal with pesky Securities and Exchange Commission investigators, and in a 2005 phone conversation caught on tape and obtained by CNBC, he tells associates his secret.
"You know, they ask you a zillion different questions and we look at them sometimes and we laugh, and we say, are you guys writing a book?" he said.
Madoff makes the comments in a conversation with two officials of the Fairfield Greenwich Group, Madoff's largest feeder fund, who were about to be questioned by investigators about their firm's relationship with Madoff.
"These guys work for five years at the commission, then they become a compliance manager for a hedge fund now," Madoff says of SEC staffers.
...
http://www.cnbc.com/id/32767249
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