Bernie Madoff's first interview from prison materialized in the New York Times on Tuesday. In it, the most famous Ponzi scheme player in the world said that the banks he was using to hang onto his money had to know what was happening, while others (like some of his largest investors) didn't. It all preempts the question:
Who's next?
We rang up Jonathan R. Macey, one of our go-to guys on securities and corporate finance law (which he specializes in at his day job as a Yale Law School professor). We had a few quick questions for him, which he more than answered.
Source: http://www.esquire.com/blogs/politics/next-bernie-madoff-5251708?src=rss
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