SPEAKING FROM EXPERIENCE: Bernie Madoff's lawyer says Sam Bankman-Fried should 'shut up'
Mintz & Gold partner and former Madoff lawyer Ira Lee Sorkin discusses Sam Bankman-Fried's legal troubles and what's next for him and his cronies on 'The Claman Countdown.'
"I've been there, done that," Ira Lee Sorkin, the attorney who represented Madoff during his Ponzi scheme trial, said in an exclusive interview on "" Thursday. "When the scope of the Madoff fraud developed, it became a circus. . . . There were cameras all over the place, satellite dishes, even ABC News, from what I understand, rented a place across the street with a camera that could look right into his penthouse. So there was no way that he was going to skip.
"The scope of the Bernie Madoff case was not as well known as it is for this kid. That's the difference," Sorkin told host Liz Claman. "And the government walked into it very quickly, in this particular case. They had cooperators. There were no cooperators in Madoff. The government didn't know, as I said, the scope of the Madoff fraud."
"Shut up. Don't talk. And whatever advice he got was bad advice, to go out and try to say, ‘I didn't intend it,’" Sorkin said. "The real issue is the government had cooperators before the indictment came down, because the indictment alleges a series of conspiracies. You can't conspire with yourself. There has to be at least two people. So when his indictment came down, it said numerous conspiracies, which means there were other people involved.
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