Read CNN Business’ last interview with Madoff
“I used to work as a clerk in the commissary, and now they have me taking care of the telephone and the computer systems,” mentioned Madoff, talking by telephone from a federal jail in North Carolina. His jail telephone account did not have any cash in it, so he needed to name CNN Business gather.
As far because the computer systems and telephones go, Madoff mentioned he has to “make sure they’re working and they’re kept clean,” however he emphasizes that this requires no technical ability by any means.
He mentioned he solely works “a few hours” a day, which leaves him loads of time to ponder his undoing.
“I’m usually up at 4:30 in the morning because I can t sleep,” mentioned Madoff, 75, who’s scheduled to be launched in 2139.
Madoff took nice pains to insulate his household from his monetary wrongdoings, but it surely did not work.
“I was responsible for my son Mark’s death and that’s very, very difficult,” he mentioned. “I live with that. I live with the remorse, the pain I caused everybody, certainly my family, and the victims.”
“Obviously, the main concern that I have is being away from my family,” he mentioned. “Married for 50 years, I had a very close family.”
Madoff mentioned that his deception started after the Black Monday crash of 1987, an enormous inventory market sell-off from which he by no means actually recovered. He mentioned that is when he turned his buyers into victims, however he insists that his crime was by no means alleged to go on for therefore lengthy.
“It was certainly never my intention for this to happen,” mentioned Madoff. “I thought I could work myself out of a temporary situation but it kept getting worse and worse and I didn’t have the courage to admit what I had done. It created a major problem.”
Many victims of Madoff’s “problem” had hoped he would endure in jail. But Mike De Vita, a Madoff sufferer who co-authored “The Club that No One Wanted to Join,” noticed that “life for him is kind of good in some ways.”
De Vita would not imagine that Madoff feels any true regret for the harm he induced to others, even to his family. He dismissed Madoff’s regret as “words, and words alone.”
“How could a father bring his own two sons into a business that he knows is nothing more than a massive criminal enterprise?” De Vita requested. “If he has that little consideration for his own family, how much consideration do you think he has for us?”
