More arrests on way over Madoff scandal - Business - Evening Standard
       

More arrests on way over Madoff scandal

Ten or more people associated with fraudster extraordinaire Bernie Madoff could be arrested and charged over their role in the scandal, it emerged today.

One day after Madoff was sentenced to 150 years in prison for masterminding a Ponzi scheme that duped investors over many decades, the FBI indicated the case is far from finished.

So far the only other person charged is Madoff's accountant, who was arrested in March and accused of failing to make basic auditing checks.

There was speculation tonight the FBI could be targetting Madoff's two sons or even his wife.

His immediate family claims to have been shocked by the scandal, saying they too were dupes of what may be the biggest fraud in history.

Madoff ran his scam from an office in Manhattan. Investors included many of New York's high society as well as actors such as Kevin Bacon.

Comments

Don't Miss
Rock star: Erin Wasson

Rock star

Erin Wasson is the ultimate anti-supermodel
Maybe it’s because she’s a Londoner … Happy anniversary, Ma’am

Happy anniversary

The monarchy has become stronger and more respected in the past 60 years
Victoria Coren: My obsession with children, five proposals a week and why David and I are no power couple

Victoria Coren

David Mitchell and I are no power couple
The Royal Academy of Arts Summer Exhibition preview party

Summer party

Stars at the The Royal Academy of Arts
London gets ready for the Diamond Jubilee - in pictures

Diamond Jubilee

London gets ready - in pictures
The Glamour Awards - stars turn on the style

Glamour Awards

Stars turn on the style
Duchess of Cambridge is pretty in pink at her first Buckingham Palace garden party

Garden party

Duchess of Cambridge is pretty in pink
FIRST review of Ridley Scott's latest sci-fi blockbuster Prometheus

First review

Is Ridley Scott's Prometheus any good?
Fair-weather goths

Fair-weather goths

The sultry shades of summer darks are coming out of the shadows
Dog save the Queen: Corgis surge in popularity

Dog save the Queen

Corgis surge in popularity