Another Bernie Madoff Classic

Prison Window

Earlier this year, The Financial Times sent David Gelles and Gillian Tett to North Carolina for a chat with convicted fraudster Bernie Madoff.

The resulting article is a useful insight into Bernie's mind, and if you didn't know of the death and havoc he brought to people's lives by his actions, you might even have a degree of sympathy for him.

But one classic Bernie quote just about sums up the arrogance and heartlessness of the man:

'In 2002 I had contact with the SEC, who were concerned that I was front-running', he recalls, referring to the practice of using insider information to inform trades.

'I started laughing to myself - I knew I wasn't - because I wasn't doing (any) trades'.

Source - The Financial Times

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