talkative at age 71

Madoff is shocked at failures of the SEC.

In a 4 1/2-hour interview at Butner Federal prison, “He opened up and told us everything about how the scam went down.” Madoff had little hesitation in answering questions.

New civil lawsuit implicates “a number of new people the SEC has never looked at.”

How did Madoff fool so many people for so long?

“No one bothered to ask simple questions. People foolishly – including accountants and regulators – never looked in the right places.”