Hear Him Speak: Madoff's Advice On How To Evade Regulators

Any recording that begins with this ...

"Obviously, first of all, this conversation never took place. ... OK?"

... has to be interesting.

As CNN's report shows, the tape-recorded conversation of swindler Bernard Madoff offering advice on how to fool the feds is stunning:

The recording, made in 2005, was released by Massachusetts Secretary of State William Galvin. Madoff was coaching a potential witness who was going to be talking to the Securities and Exchange Commission.

As the AP reminds us:

The 71-year-old Madoff was sentenced in June to 150 years in prison for masterminding a multibillion-dollar Ponzi scheme that spanned decades and defrauded thousands of investors.

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