March 18, 2010 12:02 PM
- Text
Madoff Spills to Plaintiff's Lawyer
(CBS)
From the visitor's center in his new residence at a federal prison in Butner, N.C., convicted ponzi schemer Bernard Madoff shared some thoughts during a four-and-a-half hour interview with Joseph Cotchett, a San Francisco attorney who is suing Madoff associates and family members.
According to Wall Street Journal report, Madoff shed light on how he managed to pull off his multi-billion dollar swindle.
"He answered every single question and shed a lot of extraordinary details on exactly how he was able to get away with the scam," according to Cotchett.
Other notable tidbits --unfortunately, Mr. Cotchett isn't sharing much from his conversation with Madoff -- were that Madoff said he was "fortunate" to be in Butner, a medium-security prison; and that he expressed remorse for his actions.
He also expressed his feeling for his wife, Ruth and sons, Mark and Andrew, according to an ABC News interview with Cotchett.
He said he cares about Ruth, but he doesn't give a "#*@&" about his two sons, Mark and Andrew, Cotchett said.
But Madoff also appeared to lay some blame at the feet of his clients, saying that they should have asked more questions, given the kind of extraordinary returns he was delivering.
Madoff said he thought the jig was up several times when he had meetings with the SEC, Cotchett said to ABC News.
Cotchett told ABC Newsthat Madoff said there "were several times that I met with the SEC and thought 'they got me.'"
According to Wall Street Journal report, Madoff shed light on how he managed to pull off his multi-billion dollar swindle.
"He answered every single question and shed a lot of extraordinary details on exactly how he was able to get away with the scam," according to Cotchett.
Other notable tidbits --unfortunately, Mr. Cotchett isn't sharing much from his conversation with Madoff -- were that Madoff said he was "fortunate" to be in Butner, a medium-security prison; and that he expressed remorse for his actions.
He also expressed his feeling for his wife, Ruth and sons, Mark and Andrew, according to an ABC News interview with Cotchett.
He said he cares about Ruth, but he doesn't give a "#*@&" about his two sons, Mark and Andrew, Cotchett said.
But Madoff also appeared to lay some blame at the feet of his clients, saying that they should have asked more questions, given the kind of extraordinary returns he was delivering.
Madoff said he thought the jig was up several times when he had meetings with the SEC, Cotchett said to ABC News.
Cotchett told ABC Newsthat Madoff said there "were several times that I met with the SEC and thought 'they got me.'"
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