Madoff may have given billions to friends before arrest

An inmate in jail with Bernard Madoff told the New York Post that the Ponzi king has bragged about passing $9 billion to the bank accounts of three friends. The 72-year-old is serving a life sentence for defrauding investors out of $60 billion. The prisoner says Madoff believes his former partner in crime, Frank DiPascali, knows who has the money and will try to use the names to bargain for a shorter prison sentence. The prisoner also reports that Madoff is being treated for depression. He says Madoff is worried that his wife will leave him when she reads a tell-all written by his former mistress that hits bookstores in August.

New York Post