BREAKING NEWS

Bernie Madoff learns in therapy he's a "good person"

By REUTERS

MARCH 1, 2011 05:47

LOS ANGELES- Disgraced US financier Bernie Madoff says he is undergoing weekly psychiatric therapy sessions in prison, where he has learned he is a "good person" despite swindling investors out of billions of dollars.

Madoff, 72, serving a 150-year sentence after pleading guilty in March 2009 to orchestrating what is considered the biggest Ponzi scheme in history, conducted a phone interview from prison with New York magazine writer Steve Fishman.

Fishman's account of the interview was posted online on Sunday, along with portions of recordings Fishman made of their conversation, which ran for several hours over the course of more than a dozen phone calls.

Madoff denied his actions were motivated by a desire for greater wealth or a better lifestyle. He said he engaged in the massive, long-running fraud because it fed his ego to have large banks wanting to invest their money with him.

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