Madoff hits out at US government

Wall Street swindler Bernard Madoff calls new regulatory reform enacted after the recent national financial crises “a joke” and describes the US federal government as a Ponzi scheme.

Wall Street swindler Bernard Madoff calls new regulatory reform enacted after the recent national financial crises “a joke” and describes the US federal government as a Ponzi scheme.

Madoff made the remarks during a telephone interview with a writer for 'New York' magazine. The interview was published on the magazine’s website.

Madoff did an earlier 'New York Times' interview in which he accused banks and hedge funds of being “complicit” in his Ponzi scheme to fleece people out of billions of dollars.

He is serving a 150-year prison sentence in Butner, North Carolina, after pleading guilty in 2009 to fraud charges.

Madoff also tells the magazine his wife is angry at him for destroying their family.

One of Madoff’s sons hanged himself in his Manhattan apartment on the second anniversary of his father’s arrest.

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