Madoff became worried after sneak peak in SEC briefcase

Bernie Madoff

When a pair of U.S. Securities and Exchange Commission examiners visited Bernard Madoff's offices in 2005, the now-imprisoned financier was not too worried - until he sneaked a look into one of their briefcases.

Reuters reports that what Madoff found - a news article questioning how he produced positive returns every year - sent him into a rage, according to courtroom testimony on Monday by his decades-long right hand man Frank DiPascali.

'These SOBs are toying with me,' DiPascali quoted Madoff as saying.

DiPascali is the star witness for the government in the trial of five former Madoff firm employees in U.S. District Court in Manhattan, having pleaded guilty in 2009 in the hopes of receiving a lighter sentence than the 125 years he potentially faces.

The trial opened on October 16th for the five, who are charged with aiding Madoff's worldwide investment fraud, which imploded in December 2008 and cost investors an estimated $17bn. The five have denied wrongdoing and said they fell under the spell of Madoff, who pleaded guilty in March 2009 and is serving a 150 year prison sentence.

To access the complete Reuters article hit the link below:

Snooping in SEC examiner's briefcase, Madoff hid fraud - ex-aide

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image: © U.S. Department of Justice

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