Feature

Madoff’s jailhouse lament

Bernie Madoff says that family members and friends like Mets owner Fred Wilpon had no idea his investments were a fraud. 

Bernie Madoff may be behind bars, but he hasn’t changed much, said Diana B. Henriques in The New York Times. Now serving his 150-year sentence in federal prison in Butner, N.C., Madoff fully acknowledges his guilt in creating a Ponzi scheme that cost investors $20 billion. But he says that e-mails and messages now being revealed in lawsuits prove that big banks knew he was doing something funny. “I’m reading more now about how suspicious they were than I ever realized at the time,” he says, with a sardonic smile. “They had to know.”

Noticeably more gaunt now, Madoff spends most of his days in a 12-square-foot cell. But he reads up on whatever is being said about him and his family. He’s extremely upset about what he calls the “disgraceful” coverage of his son Mark’s suicide in December. He didn’t ask for permission to attend the funeral, he says, because he knew it would be “a media circus” and that it would be “cruel to my family” to put them through it. If he has a message, it’s that family members and friends like Mets owner Fred Wilpon had no idea his investments were a fraud. “They knew nothing. They knew nothing.”

Recommended

China plans to land astronaut on the moon by 2030, official says
Chinese astronauts Gui Haichao, Jing Haipeng and Zhu Yangzhu
race to the moon

China plans to land astronaut on the moon by 2030, official says

South Korean man facing prison time after opening airplane door in midair
An Asiana Airlines flight that had its emergency door opened midair.
Problems in the Sky

South Korean man facing prison time after opening airplane door in midair

Recep Tayyip Erdogan wins re-election in Turkey
Turkish President Recep Tayyip Erdogan.
Emerging Victorious

Recep Tayyip Erdogan wins re-election in Turkey

10 things you need to know today: May 28, 2023
The national debt clock in midtown Manhattan.
Daily briefing

10 things you need to know today: May 28, 2023

Most Popular

Disney hits back against DeSantis
Entranceway to Walt Disney World.
Feature

Disney hits back against DeSantis

What the shifting religious landscape means for American politics
Ballot box
Talking point

What the shifting religious landscape means for American politics

Censoring ideas and rewriting history
Copies of banned books from various states and school systems.
Briefing

Censoring ideas and rewriting history