Madoff explains his $65bn scam

Bernie Madoff

Bernie Madoff speaks.

The New York Post reports that in a calm and emotionless voice, the Ponzi king tried rationalizing why he undertook the $65bn scam.

“I wasn’t going to hurt anybody,” Madoff, 78, told an interviewer about the fraud that lasted at least 16 years.

Two years to the date of Madoff’s arrest, his son, Mark, hanged himself. He was 46.

The fraudster ended up scamming nearly 5,000 clients of $65bn, including fabricated gains.

“It was a temporary thing and, because of the success that I’ve had and the money I’ve made for people, I sort of felt it was just,” Madoff told Eugene Soltes, an associate professor at Harvard Business School, who released a clip from a series of phone interviews with the jailed Ponzi schemer.

To access the complete New York Post article hit the link below:

Bernie Madoff talks crime in rare audio recording

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