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 person charged criminally so far is his outside accountant, David Friehling. "There will probably be more people charged," the...
[read full story]
powered by 