From an affidavit filed by securities investigator, Edward H. Seidle, in a Connecticut court proceeding that froze Madoff associates' accounts:
"It is my opinion ... that [the funds and their principals] were all aware that Bernard L. Madoff was engaging in illegal conduct in connection with his purported money management operations and intentionally chose to participate and support Madoff's illegal conduct in order to reap enormous illicit financial benefits," he stated.
(Via CNN)
- Garry J. Wise, Toronto
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