WOODBURY - In his first interview since his 2008 arrest, Bernie Madoff broke his silence and says banks and hedge funds were "complicit" in his Ponzi scheme.

Madoff did not identify any institutions to the New York Times but says they failed to scrutinize the discrepancies between his regulatory filings and other information.

Madoff says, "The attitude was sort of, if you're doing something wrong, we don't want to know."

Madoff is serving 150 years in prison for a multibillion-dollar Ponzi scheme that wiped out thousands of investors.

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