Bernard Madoff has proven to be a big media draw, even as he sits in jail in Florida. He has been conducting a barnstorming tour of interviews with big-time media publications, the last stop being the Financial Times, which has just published its article based on the talk. For JPMorgan Chase, this is more bad news, as Madoff continues to pound away at the bank, claiming yet again that it had enough evidence about his operation that it simply must have known what was going on.

Recall that trustee Irving Picard has sued the bank to recover $6.4 billion. JPMorgan Chase, which has denied these charges, was one of Madoff's biggest bankers.

Here are some choice quotes: "I am not a banker but I know that $100 billion going in and out of a bank account is something that should alert you to something. JPMorgan got all the financial statements."

And: "There were senior people at the bank who knew what was going on." He did not name names. And this one: "JPMorgan doesn't have a chance in hell of not coming up with a big settlement."

Madoff also confirmed that four of his earliest investors--Jeffry Picower, Stanley Chais, Norman Levy and Carl Shapiro--"helped recruit customers for his firm in the late 1980s when Madoff claims he was having difficulty unwinding positions in the markets." Three of the four have settled with Picard. All claimed they were innocent.

It's unclear what Madoff intends to gain from all of this. He may be bored. He may feel guilty. He may like the prolonged notoriety for whatever reason.

For more:
- here's the article

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