dagen: a foxbusiness exclusive, strong words for wall street and the bank from bernie madoff. connell: adam shapiro face-to-face with madoff earlier today. joining us with more on this exclusive interview. adam: bernie madoff has been communicating with foxbusiness on the complicity of things and clients and publicly for the first time saying his clients were aware of fraud before he told his brother or family about the fraud. prior to my admission, i have difficult phone calls, they were major clients, those people accepted are now dead. i informed them i'm closing my firm and going to acknowledge i have committed a fraud over the past 16 years. they were to be aware with the circumstances that created that situation. finally they were all aware of the documents existed as well as the people who could testify regarding the illegal activities. i asked how those men reacted when he told them they were shutting down the ponzi scheme, the illegal activity says they were involved in was fraudulent trade. said they acted stunned, they acted stunned. not sure if they cared. pointing

liz: bernie madoff is serving a 150-year long sentence for orchestrating the biggest ponzi scheme in s exclusive. david: adam shapiro sat down with mr. madoff to talk about who knew what, where and when. adam joins us from north carolina. adam. >> mr. madoff ffrst said he told his brother peter and his sons he confessed to them about the ponzi scheme. of course he was arrested the following day. now he is saying before even confessed to family members, he called some of his biggest clients to tell them the charade was over. he said those clients, norman levy, stanley chase, norman levy was dead that he called stanley chase, jeffrey picower and shapiro said they knew they were doing illegal stuff for years, backdating stuff. he said they were doing the backdating ordering him to create fictitious trades to that benefit. and backdating trades. that was going on in the late 1980s there are new developments since we last or the reported on all of this mr. madoff says he has been communicating with the treasury department-offs office the inspector general regarding charges he made about jp

when you hear who bernie madoff is planning now. "countdown to the closing bell" starts next. liz: theft noon, i am liz claman. it is the last hour of trading. weaker than expected manufacturing news out of china overnight started casting a reddish call over the numbers. the nikkei numbers tanked overnight. we have been doing very nicely lately but they fell pretty dramatically and the whole situation was intensified with leftovers of the news on the federal reserve on the bond buying program. feeling angst in early trading but we are moving higher on the lower third as we watched each index getting closer and closer to the flight plan. new home sales ris rising to the second-highest level since the summer of 2008. number of americans applying for unemployment benefits fell last week, that all helped market recover some of their losses. at a certain point, all of the losses were erased. look at it now. dow jones industrials up 23 points. i will give the nasdaq a flat, but up about a point. and we must include hewlett-packard in the entire picture. shares soaring today, a healt

a interview with bernie madoff. what does he have to say now?ith the spark miles card from capital one, bjorn earns unlimited rewards for his small business. take these bags to room 12 please. [ garth ] bjorn's small business earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth ] why settle for less? ahh, oh! [ garth ] great businesses deserve unlimited rewards. here's your wake up call. [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose double miles or 2% cash back on every purchase every day. what's in your wallet? [ crows ] now where's the snooze button? ♪ fly me to the moon ♪ let me play among the stars ♪ and let me see what spring is like ♪ ♪ on jupiter and mars ♪ in other words [ male announcer ] the classic is back. ♪ i love [ male announcer ] the all-new chevrolet impala. chevrolet. find new roads. ♪ you >>> bernie phaemadoff has a lot time to think about his mistakes and family and victims. he is at the beginning of 1 150-year-se

mayor. >>> convicted ponzi-schemer bernie madoff implicating clients in his now-infamous scam. hear this anywhere else. madoff sat down exclusively with fox business's adam shapiro today about his new accusations. adam joins us live from outside butner federal prison in north carolina. adam, why did madoff want to talk to you today? >> it's a good question. we've been corresponding for several months. i've been writing him for years and he has been responding for e-mail about two years but today he waated to talk about an issue he started raising six months ago, bank complicity. that was the issue that i have been talking with him. what banks? he names banks. he says they were complicit. then you ask him what does that mean? does that mean the banks knew of your crime and helped you carry it out? or does that mean banks knew of your crime or potential crime and turned other way and ignored it because they were making profits. so he talked about that. we talked about some of his former clients because there were headlines out of that discussion. melissa: how is this story changed

you will see two fings first of all the mention of madoff so the name of bernie madoff is mixed up with the blight matters and the second reason is that she you know there is this investigation for. let's say uniquely eighty five million dollars which is absolutely nothing you know nothing compared to billions of billions of dollars you know bankers told from from the people so yes something you know something very very bizarre is going on and. when you know black masters she is even if she is a kind of vampire banker mom pire she's loyal you know she started at seventeen years old at j.p. morgan and she's still there what do you think happened exactly because it's seems . seems unlikely that first of all they'll be any penalty or that show all have any problems the the first which is this. the regulator federal energy regulatory commission i doubt they do they have any. kind of ability to prosecute because the sea f.t.c. does not the assy sea does not the justice of tarp but under eric holder does not it's just regulatory agency for real or just another joke. so sincerely i think it's

. >>> coming up, a cnn exclusive, bernie madoff talks from prison to our own aaron smith of cnn money. the swindler took $17.5 billion from investors. hear what his tipping point was straight ahead. ó? ??çó you make a great team. it's been that way since the day you met. but your erectile dysfunction - it could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than 4 hours. if you have any sudden decrease

we're talking about bernie madoff. s aaron smith from a federal prison in north carolina. aaron told me about their phone conversation that started off by madoff calling collect. >> his biggest regret, is most definitely the death of his oldest son mark. mark committed suicide on december 11th, 2010, the second anniversary of his father's arrest. and the first thing madoff said to me was that he feels terrible about his son's death, and he feels responsible for it. and, he also said that it bothers him a great deal he's disconnected from his family. he mentioned that he was married for 50 years to his wife ruth, and he doesn't seem to have any contact with his surviving son andrew. >> this is all about him, but when about all of the lives he really, really, really harmed, the victims. i remember when this story broke, talking to one in minnesota who had just lost tons and tons and a victim on next who says they have been decimated by this. did he talk about that? >> he did. he mentioned he feels bad about the victims an

an exclusive interview with bernie madoff behind bars. we'll have details.ou right now, the girl back at home would absolutely not have taken a zip line in the jungle. i'm really glad that girl stayed at home. vo: expedia helps 30 million travelers a month find what they're looking for. one traveler at a time. expedia. find yours. >>> once a billionaire and head of his own finance firm, these days bernie madoff is a prisoner, just a number. he's making $40 a month. he's serving a 150 year sentence after admitting to a ponzi scheme that stole billions from thousands of investors. and now he says this. it was certainly never my intention for this to happen. i thought i could work myself out of a temporary situation but it kept getting worse and worse and i didn't have the courage to admit what i had done. cnn money erin smith spoke exclusively with madoff by phone. aaron is joining us. you got a fascinating glimpse into madoff's day to day life. he's in butler, monorth carolin there. he says he's not sleeping. what's his explanation? >> one of the first things

convicted swindler bernie madoff talking about his life in prison.billion from his own clients. he is now himself just a number. his inmate number, 61727-054. that's his identity at a medium security federal prison in north carolina. erin smith joins me in new york, had a chance to speak with bernie madoff on the phone, and also the director of wall street prison consultants, larry levine, former inmate himself, joins me in los angeles as well. aaron, i want to begin with you, if i can. you had this chance to have a conversation with bernie madoff. i should clear up the record. we don't pay for interviews, but he had to call us collect, didn't he? >> that's correct. i actually mailed him a letter when he was in prison and included my number and the prison told me that he had to call me collect. which he did. and i had to deposit money from my own account, by the way, into bernie madoff's phone account. and he did call me. we spoke several times. and we did this interview and i put more money in his account about a week ago and still haven't heard fro

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fox business exclusive with bernie madoff. adam shapiro is next with the interview. melissa: the irs not exactly blowing over. considering hauling them back to testify. lori: see what the dollar is doing, you do see a weaker dollar today. the euro is strengthening today. back after this. thank you orville and wilbur... ...amelia... neil and bz: for teacaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply suting histor.. we're making it. how long before he goes to college? [ woman ] ...became a real qstion. are we ready to pay for college? [ woman ] so they came to see me anwe talked about ways to manage theironey and save focollege that fit their situation. so when little david -- well, not-slittle david was ready to go to college, his parentsere ready, too. weid it. [ female announcer ] let's talk about smarter ways to manage and s

bernie madoff beat you to it.h a retrospective at the actors that shared thoughts with us over the years, sometimes funny and sometimes poignant. the wonderful moments to cherish including an iconic introduction in that just about made my entire decade. >> and now, ladies and gentlemen, here's tavis! tavis: i love it! ♪ ♪ >> it is not serious. >> music, all the different asic -- i know jamie foxx, long as he knows how to play the blues. my motherm proud of because she is a wonderful dancer and she has been married so many times. >> i love being part of the company. >> it is always a terrible mistake for everybody to death by their nature. and there is expansion and there are limitations. you can always find narcissism. the limitation is what you pay attention to. >> i hope there are a bunch of ladies behind me. there are so many different people -- a woman has opened the film. >> i think of myself as the mud of the letter. i am not purebred. there are actors that are my contemporaries that i think of as purebred.

bernie madoff speaks exclusively to cnn from prison.as one of his victims even more outraged. that story on the other side. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. everything is better with sabra hummus. observe... little carrot. little bit of hummus. oh, lonely wing... well we have got the perfect match for you. shiny knife. oh, you had me going there for a second. of course you can't beat the classics. delish... sabra hummus. come on. dip life to the fullest. ♪ that your mouth is under attack, from food particles and bacteria. try fixodent. it helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. >>> all right. the man behind a multi billion dollar deception that defrauded more than 2,100 investors tells cnn he feels bad for what he did. bernie madoff spoke to cnn by collect call from prison in north carolina. he said, and i'm quoting, i live with the remorse, the pain i caused everybody, certa

you can say bernie madoff stings, everything terrible and they should about bernie madoff, a white collar criminal but you can save the average rapist and murderer is of that level. it is not really him, it is his parenting, poverty and so on. the blaming of outside forces for human evil is a deep part of leftism. the materialist view of life is part of secular leftism. leftism is opposed to a strong religious yossi because karl marx said the obstacle to revolution is religion. because religion says try to be happy in a world that exists and leftism says make utopia here, religion says utopia is in the next life. those are part of the characteristics and they're all developed in the book. >> host: dennis prager is our guest for the next hour. the numbers are up on the screen, 202-583-5885. in the east and central time zone, 3886. in the mountain or out here in the pacific time zone where we are located today you can't get through on the phone lines and would like to attend a tweet@booktv is our twitter handle, go to facebook.com/booktv. you can post a comment under dennis prager's name, l

> narrator: what is life really like for bernie madoff behind bars?ery time i saw him, he had a smile on his face, you know?

. >>> plus bernie madoff's brother's house is a steal, and it is for sale. "early today" is back in two. >>> welcome back to "early today." an air force pilot has been safely rescued after his fighter jet went down this morning off the coast of japan. u.s. military officials the pilot ejected over the pacific ocean when the f-15 began experiencing problems. the name of the pilot has not been released. the cause of the crash is under investigation. >>> officials found six homemade bombs and molotov cocktails under the floorboard of an oregon teenager's bedroom. 17-year-old grant accord was arrested for allegedly planning a columbine-style attack. his mother said he suffered from a rare form of ocd. >>> a passenger aboard an alaska airline flight monday was arrested for trying to open an emergency exit mid-flight. fellow passengers restrained the 23-year-old using shoe laces and seat belt extensions. he's been booked on charges of interfering with the flight crew. >>> two governments in south america are issuing red alerts for an increasingly active volcano. o

it pays to win, especially if you're involved with the bernie madoff case. lawyers and consultants have made an estimated $701 million off of the case. legal teams are still attempting to uncover over $17 billion lost throughout the massive ponzi scheme. most of the legal fees were paid to a single firm, while about $300 million went to dozens of other law firms. yum! brands is on the defense following a meat scandal in china. the owner of kfc and pizza hut says there is no evidence that meat for its little sheep chain was contaminated. concerns arose regarding the chain's mutton after police arrested 900 people accused of selling rat meat as lamb. yum! says it will verify the safety of the meat "in an abundance of caution." the chain has taken a sales hit after a recent chicken contamination scandal and an outbreak of bird flu. wal-mart reclaims the number one spot on fortune 500's ranking of largest u.s. companies. the list ranks companies by revenue, and wal- mart has been battling it out with exxon mobil for the top spot. chevron, phillips 66 and berkshi

aaron, good work from cnn money doing an excellent job reporting on bernie madoff.e madoff at cnn money.com. >>> a brazen jewelry heist amid the glitz and the glamour of one of the entertainment world's biggest events the cannes film festival. diamonds worth hundreds of thousands of dollars and owned by one of the leading jewelers to the stars stolen from a hotel room. >> reporter: wolf, cannes is all about glamour but all of that bling it seems has attracted attention of the criminal kind. shopard is the name in bling at the cannes film festival. the swiss jeweler not only drapes the rich and famous in diamonds it even makes the coveted 24 carat gold award. now someone has pulled a hollywood worthy heist on a set of chopard jewels. it happened at the hotel in cannes. french police say the jewels were stashed in the hotel safe of a chopard employee. thieves gained access and simply unscrewed the safe and took it off the wall. >> there is currently an investigation under way so we can only let you know that the value of the pieces stolen is far lower than those in th

. >> bernie madoff is making about as much money as a garment worker in bangladesh these days.e is earning about $40 a day taking care of the computer systems in the federal prison where he is. that's about $2 more than the $38 more that garment workers get paid in bangladesh. it could add up, though, he is serving a 150 year sentence. the jackpot is getting bigger by the day. power ball is worth 1460 -- $550 million. tickets cost 2 bucks each. the odds of winning the top prize 1 in 175 million but we will all still play, right heather? >> we certainly will. we are on to serious news now. the search continues this morning for 7 people who are still missing after northern texas was hammered by a group of tornadoes. now one of the hardest hit areas was granbury, texas 40 miles southwest of fort worth. that is where this exclusive individual wroe was taken. two men watching this twister destroy dozens of homes in the area. anna kooiman joins us outside of another city also badly damaged this storm. anna, that devastation behind you looks just awful this morning. how are things the

simpson and bernie madoff. maybe if o.j. sat down and said i did it, i'm sorry.ut even in this trial he was arrogant. his attitude is not one that evoked sympathy from the public or the court system. unless we see a very different o.j. -- we don't need arrogant o.j. >> oprah has said she wants him to come on her show and admit he did it. what would be in it for him to do that? >> nothing. you know, i think he feels like he quote, unquote, got away with it or justice was served. you know, he's the only one that knows that particular truth. i suspect. but i don't think that's going to happen. i really don't. you know, but i think that's, you know, oprah will -- i would never count oprah out. >> no. and he apparently from reports has charmed a lot of his fellow prisoners. he's a coach and other things in prison. we shall see. it will be interesting to see. thank you so much, howard. great to have you in. >> new orleans police are vowing to find the gunman who opened fire at a mother's day parade. 19 people were hurt, two were children. investigators are looking at s

come back, how is life behind bars for -- i was just about to say how is life behind bars for bernie madoffe able to bring you that story. we'll see if we can after the break. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed much is the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ >>> we now know that at least 16 different tornadoes touched down on wednesday night in north texas. and seven people still remain unaccounted for in that state. six people were killed in one single neighborhood in granbury, not far from dallas. the sheriff there promising that the search for the missing will go on until, quote, every piece of debris is turned over. we now have more information on that canadian mayor story that we were telling you about earlier, the deputy mayor of toronto spoke out on the report in the toronto star, the newspaper, about a video that allegedly shows the toronto mayor, rob ford, smoking c

bernie madoff was registered with the sec and we know what kind of regulations did for people there.t this raises is now all of the bitcoin exchanges have to get licenses from the 50 states, all of their, whether it is their banking committees or their financial services committees to be money transmitters. so the regulation has already begun. whether you get your money back is another issue. one of the exchanges already went belly-up, $300,000 missing. david: ow oh. >> a lot of people very angry about that. david: between big brains like charlie monger and bill gates. >> even treasury i asked, people who lost their money in the exchange which closed who is charge? u.s. treasury doesn't know. david: adam shapiro, thanks very much. good stuff. >> we have breaking news, jcpenney releasing early guidance and it is not pretty. a top analyst weighs in. you don't want to miss this. it is moving markets after-hours. the very latest on what's up with jcpenney. ♪ . [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and ses data. split-second stats. [ indistinct shouting

. >> i just got out of my two hour one on one interview with bernie madoff.nd then his sons. now he says he first called three of his major clients. he told them on the phone that he was going to shut down the ponzi scheme. they were readily aware of the circumstances that created this. mr. madoff was talking about the man who died after the scandal was disclosed. he drowned in his pool and palm beach. others stanley traces of state is fighting in court against the $1 billion complaint filed. the big news here is that he is saying he called chase, pick our and schapiro before he told anyone else. the other news is when i asked about that, he told me he knew they were doing illegal stuff for years. it was back dating. they were ordering him to back the stocks. they alluded to that in complaints that were filed in court. finally, there is the case against jpmorgan chase. mr. maaoff told me "there is no question that jpmorgan chase is guilty. they would have to be idiots to not realize what was going on." we are calling jpmorgan for reaction now. stuart: that is

let's talk about bernie madoff. d i will tell you, all the people on this evening's conversation, judge denny chin is the only one in the buck. figures in the book quite prominently. i talk about the broad madoff case because i was fascinated. i got a front row seat, by the way. it was pretty cool. i wrote about it and get to see the whole process unfold. and the lawyer representing bernard madoff made the following comment that all the newspapers picked up after sentencing. this is a 73 year-old man. seventy-one at the time. and sentenced him to 150 years. you do the math. and his attorney said, well, you know, this is ridiculous. this is capitulating to mob violence. mob vengeance. and judge shane responded. he said, on the contrary. he said, this is a perfect example of justice, not vengeance because the victim came to the court room and they relied on us. it did not seek vengeance. but the reason the defense attorneys said it was vengeful is because the i cannot stay in jail until -- he is not going to live 230 y

. >>> so in this morning's edition of cry me a river, bernie madoff says he can't sleep.cted ponzi schemer who is serving a 150-year prison sentence, tells cnn money in a prison phone interview, he is haunted by his son's suicide. the 75-year-old madoff says he only works a few hours a day in prison. so he has lots of time to think about his crime and the collateral damage. i apologize for being so light at the beginning of that story. >>> how about this for the ultimate short-cut? in an effort to alleviate traffic congestion by his motorcade, russian president vladimir putin will commute to work by helicopter. reports say workers have completed construction on a heli pad at the kremlin so putin can use a chopper to go from home to work every day. >> who says that putin is not a man of the people? >>> traveling light, one airline says you deserve a reward. how boarding just got a little bit easier for you. >>> plus, putting on a brave face, anger as a disney heroine gets a makeover. why fans flipped when this tomboy turned glamour girl. the act of soaring across an ocean

wait, didn't we see wall street bernie madoff rip-off retirees and others, something the s.e.c. has jurisdiction over? so then why, why now are we undermining wall street reform and the ability of the s.e.c. to protect investors? why are we gumming up the works making it so much more difficult ? the ink is barely cry on the bill and they are already deconstructing it. interesting article i would commend all of us to look at, it's called, he who makes the rules. barack obama's biggest second term challenge isn't guns or immigration, it's saving the biggest first term achievements like dodd-frank reform law from being dismembered by lobbyists and conservative jurists in the chadoy byzantine rule making process. the fact is what's going on here we know what the game is. it has nothing to do with groceries or medical bills. it's about wall street's interests in trying to expand even more in the area of bonuses and profitablity which they have so much of already. banks are enjoying their largest profits in history, yet we are considering a bill that would undermine landmark wall stre

i suspect if we were to ask bernie madoff, did you set out to be known as the greatest cheat and lyre of all time, was that what you set your heart on to do when you graduated from high school, did you hope that your name would become a byword for fraud, he probably will have said no. the problem was, he did not apply ethical discipline. he stated, i made one decision wants to hide as small loss. end decision after decision pile upon one another until all of these small decisions became a big one. the next thing i am being marched to prison in an orange jumpsuit. my wife is wishing she never knew me. i ask you, i encourage you, think of how you lead, think of the small, ethical decisions that you make every day. the next virtues that the marines told us to pursue intentionally was the virtue of excellence. and i think this picture here exemplifies that better than about anything else. when he was 37, the man pushing a wheelchair entered a 5--mile charity race with his wheelchair balanced on a rake. he was out of shape, former air force officer, totally makes sense. sorry about tha

bernie madoff, we saw him take billions from investors and for decades the regulators had the reports he was doing it, and not one regulator has been held accountable for their oversights, for their omissions. no one has ever checked. so when we hear this administration say, trust us, we're going to get to the bottom of thirst scandal and we're going to hold people accountable, there is in fact an anger building among the american people that says we do not think washington will hold anyone accountable. you have the a.p. reporters whose phone records were gotten -- not just the ones involved, but the broad pool of reporters and yet nothing is happening to those in the justice department who did that. benghazi is another element to where we believe no one will ever be held accountable. in fact, the secretary of state, hillary clinton, says what does it matter. what it madam speaker, ma'am, is someone -- what it matters, ma'am, is that someone allowed to be killed without reinforcements. drones were there. lasers locked on to the artillery -- to the artillery that were firing rounds int