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10 Others to Be Charged in Madoff Fraud Case, AP Source Says

June 30th, 2009 · No Comments

In my previous post titled Bernie Madoff Sentenced to A Century and a Half Behind Bars I asked the following question:

Will the U.S. be satisfied with putting Madoff away for life or will they now redirect their efforts to finding his accomplices?

Looks like I might have gotten my answer a lot sooner than I had thought.

A few hours ago TampaBay Online reported that,

A person familiar with the investigation said 10 more people would face federal charges by the time the probe into the multibillion-dollar fraud is complete. So far, only Madoff and an accountant accused of failing to make basic auditing checks have been criminally charged.

The person, who spoke on condition of anonymity because the investigation is ongoing, wouldn’t detail potential charges or say whether the 10 would include Madoff’s family or former employees.

Tags: News

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