So according to Madoff the government had to know about the scheme, the banks had to know about the scheme, the investors had to know about the scheme, he knew about the scheme, everyone knew about the scheme...except his family?
Indeed, that is a claim that beggars belief.
A scheme this large could not have been run by one man, simply due to the mechanical aspects necessary to move that much money around. It is absolutely true that other people knew full well what was going on.
The only issue open to debate is “who knew?”
I have no idea if his family knew or not.
But others could NOT have known about this scheme.
Including the government regulators.
Yes, I know what he did is evil.
But he did have his back covered for a long time, didn’t he?