Carmine Persico

Bernie Maddoff has reportedly been bragging to his fellow inmates that he has "stashed" $9 billion with three close friends. While the claim could be true, it could also just be one more attempt by the Ponzi schemer to boost his street cred in prison.

On Tuesday night in Manhattan Supreme Court, lawyer Joseph Cotchett filed additions to a lawsuit against bogus billionaire Bernie Madoff. In addition to offering glimpses about Madoff's business and his life behind bars, the new material alleges that numerous financial institutions including...