Ten or more face possible Madoff charges: source (Reuters)

Jun 30, 2009 696 related
 

Reuters - Disgraced financier Bernard Madoff (2nd L) attends his sentencing hearing in New York in this court artist's sketch ... NEW YORK (Reuters) - U.S. investigators say 10 or more people associated with imprisoned swindler Bernard Madoff could face criminal charges in the coming months, a law enforcement source said on Tuesday. The source, who asked not be identified because of the continuing investigation into the multibillion-dollar Madoff fraud, said the FBI was "closer to the beginning than the end" of the probe. Disgraced financier Madoff, 71, was handed a 150-year prison sentence Monday. He was arrested in December and pleaded guilty in March to orchestrating Wall Street's biggest investment fraud of as much as $65 billion. He has not named accomplices in his classic "cash in, cash out" Ponzi scheme. The only other... [read full story]                    

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