Madoff: Banks ‘Had to Know’ About The Fraud

By Edward Harrison On Feb 16, 2011

When we see more of the e-mails, this should get interesting. But don’t expect an prosecutions.

Source: In Prison Interview, Madoff Says Banks ‘Had to Know’ – NYTimes.com

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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1 Comment

DavidLazarusUK says 13 years ago

The banks clearly failed in their due diligence.
Anonymous says 13 years ago

The banks clearly failed in their due diligence.

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