Reply #10: How's Bernie Madoff know this guy?

[Octafish]

Bernie never really said he worked alone. So...

Where are Madoff’s co-conspirators?

Fraud experts say they think it's impossible that Madoff acted alone.

Grant McCool and Martha Graybow
24 December 2008 07:17

NEW YORK - (Reuters) - Could the Bernard Madoff scandal -- alleged to be the biggest-ever Wall Street scam -- really have been the act of just one person? Fraud experts say they think it's impossible.

White-collar crime experts who are following the Bernard Madoff case say they doubt that the money manager, who authorities say has confessed to the fraud as "all his fault," could have carried out such a massive scheme alone.

They say that based on their experience investigating complex financial cases, the suspected $50 billion fraud was too lengthy and involved too many phony documents to have been carried out by only one individual.

No charges have been brought against anyone except Madoff, who was charged with securities fraud on December 11. He has not formally responded to the accusations in court.

SNIP...

"His claim that he was the only one involved is preposterous," said James Ratley, president of the Association of Certified Fraud Examiners in Austin, Texas.

CONTINUED...

http://www.moneyweb.co.za/mw/view/mw/en/page95?oid=248365&sn=Detail

Something else: Madoff drew all the attention when Corporate McPravda, We the People's Watchdog, should've been on alert during the great Wall Street bailout.