Madoff is now second guessing his guilty plea.

Scott Cohn on Madoff’s missives from prison.

‘Frustrated’ Madoff Now Second-Guessing His Guilty Plea

Quote:

“You should be aware that I have continued to offer Picard information concerning the complicity of the banks.  I was the only person in my firm that dealt with the officers that handled my account.  Not Frank (DiPascali, a Madoff lieutenant who has pleaded guilty to fraud charges) nor anyone else.  I have little doubt that the information I could provide would clearly demonstrate the vital role JPMorgan and other major banks played in carrying out my fraud, including their role in handling the accounts of my major customers.  The ball is in his court.”

The interview that set the chain of events in motion:


Madoff and big banks complicit in fraud.

 

Update – Money to Be Returned to Madoff Investors Tops $5 Billion