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May 20, 2013
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 Madoff’s Amazing DisgracePosted on Jul 29, 2009
Despite several occasions when he thought he had been nailed by the SEC, Bernard Madoff continued with his Ponzi scheme, revealing in his first jailhouse interview that he was “amazed” that he got away with it for so long. Madoff spoke to lawyers about his financial larceny Tuesday, during which he was called both candid and an “absolute gentleman.”
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By Sepharad, July 29, 2009 at 4:08 pm Link to this comment
Folktruther, Amazingly, I had some experience with Joe Cotchett, in the years of covering the state bar board of governors meetings as a reporter. I have no trouble believing he was able to 1)get Madoff to be completely candid with him and behave like a complete gentleman—this, to a lawyer that was about to go after his family—and then, 2) after his apparently successful interview with the felon (it takes a wolf to cajole a wolf) casually announce to some reporter that Madoff cared about his wife but didn’t give a damn about his sons. (I don’t give a fig for Madoff’s feelings, but don’t think it was necessary for Cotchett to gratuitously hurt Madoff’s sons, who may not have known what their wily old man was up to.)
Report thisBy Folktruther, July 29, 2009 at 11:13 am Link to this comment
What? He “chose to lift the lid” and tell the truth to the lawyer who is going to sue his family? Give me a break. He has obviously been protected by Cox, the head of the SEC, and Wall Street during his career, and is being protected now for some reason.
Why? and by who? For what reasons? Inquiring minds want to know.
Report thisBy msgmi, July 29, 2009 at 8:50 am Link to this comment
(Unregistered commenter)
The SEC once had a few teeth and eventually became a toothless tiger of enforcement. It became a stepping stone for the lawyers to get lucrative jobs with Wall Street. A conflict of interest which was never addressed during Christopher COX’s helm as the enabler of hubris on Wall Street. Indeed, Cox was as incompetent as Brown was with FEMA.
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