Jailed swindler Bernie Madoff said it was "amazing" that he didn't get caught sooner in his multi-billion-dollar Ponzi scheme, and that everything the SEC did to investigate him prior to 2006 was a waste of time, according to a jailhouse interview he gave to SEC Inspector General H. David Kotz.Gee, a lot of people are thinking that.
Madoff also told Kotz that SEC Chairwoman Mary Schapiro was a "dear friend," although she "probably thinks, 'I wish I never knew this guy.'"
Madoff says that in multiple encounters with SEC investigators over the years, he never had to tell them about his role in the industry because "they already knew."And the best part is, the Obama watchdogs are still letting them get away with it. There are frauds out there that make Bernie's billions look like chump change, but there's even less we'll ever be able to do about it.
The Inspector General's report, released in early September, found multiple lapses at the SEC, but said there was no evidence of improper influence by Madoff.