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.
“Other people knew. There is no doubt about this. There is no way in todays markets that you can move $50B+ around and NOT leave tracks.”
You’re right. I revise my previous remarks. Other people had to have known.