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Sunday
Apr102011

Bernard Madoff: Professor of Ethics?

Mario Tama/Getty Images(NEW YORK) -- Bernard Madoff, the man responsible for the biggest ponzi scheme in modern history, says two of the nation’s top business schools – Harvard and Northwestern – have approached him to work on ethics courses; both schools have denied those claims.

From jail, Madoff told the Financial Times that he passes time by reading Danielle Steel romance novels. But he’s also busy constructing a story of his own.

“He loves talking, he loves telling stories,” Financial Times reporter David Gelles tells ABC News of his interview with Madoff. “Clearly he wanted to have a hand in shaping his own legacy.”

The interview is the second Madoff has given in as many months.

Serving a 150-year sentence, Madoff says he takes “full responsibility” for his actions, but calls others “complicit.”  He says four big clients “pushed” him into his ponzi scheme and repeated his claim that big banks like UBS, HSBC and JPMorgan Chase could have seen it coming.

The families of Madoff’s clients and the banks deny wrongdoing.

“I never got the sense that he felt and was deeply sorry for the smaller investors in particular, that he wiped out,” Gelles said.

Madoff has been talking to a psychologist and taking antidepressants. Four days a week he runs the prison commissary, known around the prison as the “money management department.”

Copyright 2011 ABC News Radio







ABC News Radio