Supposedly the SEC and the FBI received letters several times over the last few years saying something to the extent of "Bernard Madoff is running a Ponzi scheme." Reminds you of Condi Rice's 'Osama bin Laden determined to attack in US with commercial airliners' line.
Check out Charlie Gasparino's trip down memory lane about Bernie Madoff's past. Interesting video.
In case YouTube takes it down, full story on CNBC here - http://www.cnbc.com/id/28198739
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