Thursday, September 10, 2009

Madoff taped telling colleagues how to deal with regulators

http://www.cnn.com/2009/CRIME/09/10/madoff.tape/index.html?iref=mpstoryview

Nothing like the truth straight from the horses mouth.


So began a phone call in which convicted swindler Bernard Madoff told colleagues how to dance around questions from the Securities and Exchange Commission, according to an audiotape and transcript released Wednesday by the Massachusetts secretary of state's office.

"You know, you don't have to be too brilliant with these guys, because you don't have to be," Madoff said, referring to SEC investigators