FBN talks with ex-Madoff employee

Fox Business Network had a segment Thursday that featured an interview with an ex-Madoff employee who said many people working for Madoff questioned how the firm was making money even while the economy was tumbling and other companies were experiencing heavy losses.  

Nader Ibrahim, who worked for Madoff from 2000-2003, said it was not clear where the funds pouring into the company were coming from. But, according to Ibrahim, it was clear that the money was not coming from the trading floor. Ibrahim also suggested the company's CFO, Frank DiPascali, may have known exactly what was going on because he was "running the show." DiPascali has not been charged with any wrongdoing. 

FBN found that thus far, there is no record of any money ever being traded by Madoff's company. Madoff attributes the lack of trade records to the fact that the firm was trading securities overseas. 

To view the segment click here.