Madoff to NY newspaper: Banks 'complicit' in fraud
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Disgraced Wall Street financier Bernard Madoff said in an interview published online Tuesday that banks and hedge funds were "complicit" in his scheme to fleece victims out of billions of dollars.
Madoff did not name any institutions in his series of interviews with The New York Times but said banks and hedge funds "were complicit in one form or another." He said they failed to scrutinize the discrepancies between his regulatory filings and other information. (AP)
