By

Dan Farber /

CBS/ March 18, 2010, 12:02 PM

Madoff Spills to Plaintiff's Lawyer

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.'"
Copyright 2010 CBS. All rights reserved.
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    Dan has more than 20 years of journalism experience. He has served as editor in chief of CBSNews.com, CNET News, ZDNet, PC Week, and MacWeek.

14 Comments Add a Comment
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HGOODGUY says:
THIS IS LIKE SHOOTING SOMEONE AND KILLING HIM AND THEN SAYING "HE JUST LET ME SHOOT HIM--HE SHOULD HAVE TRIED TO STOP ME!!!!

HOW ABOUT KILLING YOUR PARENTS AND THEN PLEADING MERCY BECAUSE YOU ARE NOW A ORPHAN!!!!
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anitaymoore says:
"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."

Is he kidding?!!! I'm sure he's not, but come on Madoff!!! YOU drew these people in, they trusted you...many of them were your FRIENDS; they didn't think you would screw them over. There is no blame to lay at the investors feet...YOU are ENTIRELY to blame for this. Sure other people hold blame too, your family, people who worked for you...but the investors hold NO blame. How dare you infer that they do!! I'm sure your son's aren't surprised either to hear that you don't care about them...they probably tried to get you to stop several times, or cooperated in the investigation. As far as I'm concerned you should rot in jail with Bubba for a boyfriend, and your wife...should be living in a box out on the street.
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jenkins501 says:
prometheus21 - you said it all. I have nothing to add except Bravo!!
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karek40 says:
PT Barnum said there is a sucker born every minute. Madoff just took advantage of them. His incarceration (which is justified) won't solve the problem. We all want super returns, something for nothing. Until the SEC is alerted by super returns and someone else will scam investors - probably ongoing as I write this.
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babooph says:
I guess if I feel like shooting someone,they will be at fault for not wearing body armour.
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fedup12 says:
Ok so he thinks he is lucky to be in Butner prison?

Send him to Tijuana and giv him a roomate named Bronco Juarez.

Life is too good for him after he ruined so many others lives.
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debinok1 says:
The SEC should have NAILED him several times before they actually DID. Our CORRUPT government had no intention of doing anything about it until they needed a scapegoat for the financial mess they (Democrats and Republicans) ALLOWED to happen.

Time to take back our country, before it is too late.
http://www.thepetitionsite.com/1/are-we-confident-our-government-is-working-for-us
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Benton09 says:
His 'MUGH' shot? Who spell checks for CBS? George Bush!
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