Thursday, March 12, 2009

Madoff Wanted To Deliver "At Any Cost"

NEW YORK (Reuters) - Bernard Madoff, who cultivated a worldwide mystique as he churned out amazingly steady returns for his investors year after year, finally admitted it was all a lie, saying he had felt compelled to deliver "at any cost."

If his thousands of customers were expecting deep insight into why he did it, they were disappointed.

The silver-haired money manager, wearing his signature gray suit and showing little emotion, offered an apology and an explanation of sorts in a 10-minute courtroom monologue. While saying he was "actually grateful" for the chance to speak, he did not dwell on the motive behind his crime spree.

Madoff said he wanted to keep investors seeking good returns happy and that, once he started, he could not stop.

What a little crook.

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