Bernie Madoff Talks Crime in Rare Audio Recording

New York Post ^ | 12/7

[nickcarraway]

Now you can hear Bernie Madoff try to rationalize the biggest Ponzi scheme in history.

Eugene Soltes, an associate professor at Harvard Business School who wrote white-collar crime book “Why They Did It,” has released a rare audio clip from his phone interviews with the jailed Ponzi schemer.

“You start out, at least in my part, not exactly sure what I wanted to do in life, other than being a success,” Madoff said in the audio clip posted on Business Insider.

[proxy_user]

Most Ponzi schemes start at least somewhat accidently. A guy has a semi-legitimate scheme to make money, and then discovers that it is much easier just to take investors’ cash and cook the books. They are usually surprised at how easy it is and how gullible their investors are.