Delusional, truly delusional.
Yes but he is right about many of his investors being absolute slime. Many had phony foundations for tax scams.
For the most part, no, he’s not delusional. Other people knew. They *had* to know.
The banks that moved money for him knew. JP Morgan’s UK division submitted a suspicious activity report to their authorities. The US part of JPM didn’t. At least four outside parties were telling the SEC that this was a huge scam, but the SEC refused to conduct a credible investigation.
The feeder funds that fed him money from other investors, run by accredited investment managers, had to know this was a scam too. Various big investment banks who shied away from doing business with him knew he was a scam (because they refused to do business with him), but yet they also refused to drop a dime on him.
Other people knew. There is no doubt about this. There is no way in today’s markets that you can move $50B+ around and NOT leave tracks.
Bernie left tracks.